HIVE /USD has collapsed from $0.99 to $0.35 since May 05, 2022, and the current price stands at $0.49.
According to technical analysis, the risk of further decline is still not over, but the current price could be a good entry point for long-term investors.
Hive is a constantly evolving
Hive is a forward-looking decentralized blockchain designed to scale with the widespread adoption of the currency that has a thriving ecosystem of over a hundred apps, communities & projects.
Hive is built on the Delegated Proof of Stake (DPoS) protocol, and it is the first highly-scalable blockchain independent of central authority that addresses the problems of mass adoption.
Transactions on Hive take less than three seconds, and by combining the fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains.
Thousands of people across numerous dApps are using Hive every day, and the popularity of this project continues to grow.
Hive has a high level of security with open-source wallets available for Linux, iOS, Windows, macOS, Android & Web. Wallets are very important to securely store your cryptocurrencies and interact with Web3 apps. Because of this, Hive is home to some of the most-used Web3 apps in the world, such as Splinterlands, PeakD, and HiveBlog.
The team behind this project consists of experienced developers and blockchain experts who are continuously working on new features and upgrades. The team of Hive said:
Hive is a constantly evolving and innovative ecosystem that aims to fuel the mass adoption of blockchain technology and cryptocurrencies. It makes available and possible opportunities to both its userbase and to the general public.
HIVE is the utility token of
