Hive Is In For A Major Bull Run

While the rest of the market has been heating up Hive seems to just be sitting in this $0.40 range and not really moving. Often times hive sees moves when South Korean traders buy up a few million and then the price quickly retreats again. However that might soon start to change as hive continues to develop and grow in both applications and user base.

There are some core aspects on why I feel Hive could very well be in for another bull run here soon which I'll go over below. However before I do so a disclaimer that this article is for entertainment purposes only and is not financial advice.

Splinterlands

Splinterlands was one of the core fundamentals that spring shot hive from a $0.15 token upwards into $2+ during the bull run of the play2earn era. However it was abused a bit by bots etc and is only recently starting to retake back all of that bot abuse. I think that speaks a lot in terms of the community and the developers that Splinterlands should be around here for a very long time.

Personally I thought I had a huge amount of Splinterlands assets and while I kind of do I'm starting to see what a huge startup cost investment land is going to be and most likely become rolling into v2 of it.

In v1.5 I'll be picking up the building in a box for all of my plots and as many time gems and wheat as possible as those will be critical for getting started and getting everything to start producing and producing profits I hope.

That means with my 142 plots of land I need 1.42 million for each of those so a total of 2.84 million DEC in order to fully max this out. I'm not sure if I'll get there honestly but it goes to show you just how much money is being dumped into land already without it even producing anything yet.

As of writing this we have seen a number of things.

1. The price of DEC is very close to hitting it's peg and I'm curious if we will start to see more upward pressure on SPS once we hit that threshold.

2. 122 castles have been claimed of the 150 total putting us rather close to a pretty maxed out land which is interesting. I started to get a bit worried when we were stuck on the 40's and low 50's. This mean 122,000 plots of land can now be surveyed and built on. With startups costing 10,000 DEC with a max of 30,000 DEC per plot means every plot could hold a value of at least $30 starting out which is pretty big already and makes sure land itself holds value. Also land plots are increasing in price again now coming in at $184. Now it's no where compared to what it was curing the bull market which was over $1,000 each and granted I should have sold at that point however I feel like we could return in value as building up these lands could provide some serious passive income streams.

3. We are seeing a decent increase in players and for the game to constantly be growing now. People are entering in with a single plot or better which goes to show me there's a good amount of demand for these types of games. I wouldn't be surprised if Splinterlands starts earning me $50+ a day daily in passive income once land 2.0 comes out which is something I personally would love to see happen and I'm now investing towards.

Gaming

Gaming is starting to advance on Hive and I think we could see a major increase in it happen. Hive doesn't just need to be a blogging platform which some of the old timers believe it should stay as. Instead Hive is and will move into more modern and yes blogging will only hold a spot. However Hive token itself will be more of a resource credit for applications etc and less and less about a rewards system for user. Instead I see layer 2 tokens from Hive-Engine since hive itself never built it as the core foundation of applications. From there these layer 2 tokens give value to hive through resources and holding their userbase for transactions but also from trading and wanting to buy those in game assets creating velocity which I could see spread out into Game-fi systems like we have seen with Splinterlands.

Social Media

Social media is going to be a big one and LeoFinance is going to be paving the way for it next month with the release of Threads on the main UI. I also believe we will be seeing the ad buy back which is going to start brining revenue and value back into the token and yet another reason to be holding it.

These web3 social applications will also be helping the price of hive through resource credits needed to onboard new users and also with revenue streams such as in app ad buys or 3rd party revenue systems thus increasing the value of not only the layer 2 token but also Hive in general.

As these system grow and continue to build people will see how much value there is to be had for building on the hive blockchain and more development will come. This leads me to believe the end of this year and into the next two years we could very well see a upward trajectory for hive and it's personally why I'm building my stacks more rapidly now.

Posted Using LeoFinance ^Beta