A little look at Bitcoin, Ethereum and Hive

0 comments

As the world becomes increasingly digitized, cryptocurrency is becoming a popular choice for investing. Two of the most popular cryptocurrencies for investors are Bitcoin and Ethereum.

Image Source

Beyond what it might seem from what we are experiencing in the crypto world since 2022, both of these currencies have seen dramatic price increases over the past few years, leading to their profitability. Additionally, Hive is another cryptocurrency that has seen significant growth and profitability in recent times. I want it to be understood that I am speaking in global terms here.

Why can we be calm about the future of Bitcoin, Ethereum and Hive, despite the current price range and the prevailing trend?

Well, Bitcoin is the most widely recognized cryptocurrency globally. As we all surely know, it was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto, with one special characteristique: has a limited supply of 21 million units, which adds to its scarcity value, making it a profitable investment.

In April 2021, the value of Bitcoin has surged to over $63,000, which is a massive return on investment for anyone who had bought Bitcoin when it was a new cryptocurrency or even in 2020 or 2019.

Image Source

Ethereum is another popular cryptocurrency that was created in 2015 by Vitalik Buterin. It is built on blockchain technology and has become popular among decentralized finance (DeFi) enthusiasts. Ethereum's value has been on a constant rise, with the currency's price surging into the thousands since 2021. With the growing popularity of decentralized applications, Ethereum is set to become even more profitable in the future.

Hive is a newer cryptocurrency that has gained popularity in recent years. It is a blockchain-based platform that allows users to earn rewards for creating content. Hive uses a unique algorithm that incentivizes users to create and curate high-quality content, which can potentially make it more profitable than other social media platforms. Hive's value was at an all-time high in Nov 2021, reaching $3.45.

Image Source

In the image above we can see the current ATH of BTC, ETH and Hive, and when exactly was it reached.

All these things invite us to be optimistic about the future of Bitcoin, Ethereum and Hive in time, because logical projections make us think that when BTC enters a full uptrend, then both Ethereum and Hive will also spread their wings and have important increases. When that happens, it is natural that new ATHs will be achieved in these cryptos, and in many other more.

What is the current outlook for BTC, ETH and HIVE?

Cryptocurrencies like Bitcoin, Ethereum, and Hive have become profitable investments because of their limited supply, growing demand and the speculative nature of the cryptocurrency market. However, cryptocurrencies also come with inherent risks, including regulatory risk, security risk, and market volatility. Therefore, it is essential to exercise caution when considering investments in cryptocurrencies.

In conclusion, Bitcoin, Ethereum, and Hive are three good choices to investments currently and over the years. Hive, as we all know, has a value that is far beyond of merely speculative activity, because, depite being the newer of the three mentioned cryptocurrencies, presents a unique opportunity for users to monetize their online activity.

Although we are always advised to be careful, it is clear (at least to me), that the profitability of cryptocurrencies such as Bitcoin, Ethereum, and Hive has created a new frontier for investors, and they are projected to continue growing in value. And when I say "value" I want to clarify that I am talking about value what these cryptos and their projects have beyond the merely monetary sphere, that is, beyond what they currently cost or not. Because only time will allow us to understand the real value of said cryptos, and in the future we will realize that they are worth much more money than what we can monetarily appreciate today in the markets. At least, that's the way I see it.

What do you think about the topic discussed? Please comment.