My stimulus check got plopped into my bank account the other day. I didn't even really care. I've turned a corner. For the first time ever I don't have the urge to immediately dump every last penny I have into crypto.
Probably has something to do with the fact that the @edicted account is now worth over $150k between both Hive and LEO. What's another $1.4k gonna do at this point? The stimulus is less than one percent of my stack on this network alone.
Hive spiking up to 44 cents to day certainly didn't hurt. I was very aggressively buying in the 10-15 cent range. My time on this platform taught be that this hardcore support level can't be broken.
While everyone and their mothers complained about Hive staying stagnant while BTC was spiking from $10k to $40k, I was just buying more and more Hive. This was probably the best opportunity to buy Hive that I will ever get in my entire life.
A year ago I had 40k Hive, and I was feeling pretty good about that. Now I control x5 that amount and my 100% vote is $5. Not too shabby. Everyone loves passive income.
Passive income.
Hive is a passive income network.
Leo is a passive income network.
Cub is a passive income network.
People LOVE passive income, and during a mega-bull run people get especially crazy. Remember all that reports from @penguinpablo?
https://leofinance.io/@penguinpablo/weekly-report-how-much-hive-is-stored-on-the-exchanges-march-17-2021
This is it, BOIS!
The one time we want number to GO DOWN. The 125M Hive on the exchanges will start reentering the wallets of their owners and get powered up. Why? Because passive income! That's why!
This is especially true as we sprint past certain milestones and unit-bias levels. After all, if you can suddenly make $100 a day in passive income by staking tokens, isn't that worth it? What if that turns into $200 a day? $300? It gets more and more tempting to take the passive income because that is just a crazy amount out in the real world.
As the dollar value of Hive goes up users have more and more incentive to power up, crunching the supply. We spent an entire bullish quarter scraping the bottom. During this time, only the hardcore Hive users such as myself were buying. Spoiler alert: we aren't selling. Supply crunch coming to a summer near you!
Again, April 1 is always an amazing day to buy Bitcoin. Q2 is always a great quarter with a lot of money sloshing around after we recover from the wake of last Christmas.
The nice thing about summer bull runs is that they are drawn out a lot longer. We often see a nice peak in June with consolidations and sideways action during July and August. Considering this current run seems like one of the strongest bull markets ever ever, there could easily be a second rally in August as well after consolidation in July.
Dem Alts Doe...
The thing about the alt market is that they thrive when Bitcoin has just spiked and starts consolidating. Because Summertime has a tendency to do just that, I'm expecting some pretty crazy stuff to go down during this long 3-month period. Pretty exciting stuff considering we haven't even hit April yet, and May is almost always a good month as well.
Market Cap
Whereas Bitcoin and Ethereum are already trading at all time highs, Hive would still have to go about x20 to get there. If I'm being honest, I'm having a hard time even imagining x20 blog rewards, as I'm already pretty happy with the $50+ I'm generating now. x20 that is $1000 a day... that can't be right, but it is, and it's happened before. That's also what I'm theoretically earning on CUB right now should the price stay constant.
Hive is currently sitting at rank 242 on the market cap. We are massively undervalued. Even if we went x20 and hit all time highs we'd only have a $3B market cap. That would put is at rank 40 on the market cap. Would that really be so hard to believe? I wouldn't be surprised.
I think Hive deserves a top 10 spot, easy. Tons of cool shit is being built on Hive and we are just now starting to ramp up into a supply crunch as we approach the summer. Get ready for the madness to begin.
We got a 3speak airdrop incoming. We have two more LEO airdrops incoming. We have better onboarding and UX now. DeFi is becoming very popular and everything we do here involves yields and ROI. It's like we've already been grandfathered into this next bull run but the market just doesn't know it yet. Prepare for chaos.
Posted Using LeoFinance Beta
Return from Summertime Alt Market to edicted's Web3 Blog
