In this post, we will take a closer look at Hive price prediction to find out whether the coin is worth investing in or not?
If you are interested in knowing more about Hive and the coin’s performance in the future, continue reading this article. Here we will learn together more about Hive (HIVE) and how successful it has been on the cryptocurrency market so far. Additionally, we will bring you the most recent market analyses and opinions about Hive price prediction provided by reliable and recognized experts and analysts concerning this coin. Reviewing its fundamentals, price history, and price prediction will help us better decide if it has to be added to the investment portfolio or not.
What Is Hive?
Hive is an open-source Blockchain developed over the years to bring a fast, scalable, and robust solution for Web 3.0 to the world. It is a decentralized information-sharing network and supports many different types of information-sharing applications. Various Dapps, APIs, and front-ends contribute to the general and straightforward accessibility of data, transactions, and records. Therefore, this existing diversity and utility ensure that the ecosystem is attractive to content creators, consumers, investors, and builders. HIVE is designed to store large amounts of content and to make it available for monetization. Examples of applications include social media with monetized rewards for content producers, interactive games, identity management, polling systems, and micro-loans. By combining fast processing times and fee-less transactions, Hive is poised to become one of the world’s leading blockchain technologies.
Hive emerged as an independent and decentralized hard fork of the Steem blockchain. This historical fork on the Steem blockchain happened on March 20, 2020, when Hive was born. In this way, many viewed Hive as a takeover of the Steem ecosystem. Meanwhile, Justin Sun, the founder of Tron, was one of the principal proponents of the Hive project. Hive distributes new coins based on the Proof of Brain mechanism (PoB). In essence, as Hive distributes the coins to the stakeholders through curation and stake rewards, it is a bit of a hybrid DPoS (the Delegated Proof-of-Stake algorithm)/PoB mechanism.
What Makes Hive Unique?
Hive is a blockchain platform that integrates simplified Smart Contracts. It is ideal for building highly interactive applications, supporting high transaction volumes and fast three-second block times, and fee-less transactions. Moreover, it has a unique focus on a second layer architecture for distributing application load to enable scaling beyond the limits of traditional Smart-Contract networks. This scaling capability also allows a unique competitive landscape for application developers. Many projects, dApps, and games have launched on the Hive blockchain, and the ecosystem is growing.
The Hive network has two native coins named HIVE and Hive Backed Dollars (HBD). HIVE is the liquid currency of the Hive ecosystem. The maximum limit is 500 million, meaning that only 75% of the total tokens have been issued so far.
It is not possible to buy all cryptocurrencies such as HIVE with U.S. dollars. However, once you have purchased Bitcoin using Coinbase, you can transfer your Bitcoin to exchanges such as Binance to purchase HIVE. HIVE is traded on many exchanges, including Upbit, Binance, and Bithumb. Note that Hive produces specific wallets available for download on its website, allowing you to store Hive on your computer.
The Hive Team
HIVE Blockchain Technologies Ltd. is a cryptocurrency mining company based in Canada, Sweden, and Iceland. It is involved in the mining and selling of digital assets, such as Ethereum, Ethereum Classic, and Bitcoin. However, the company uses 100% green energy to mine both Bitcoin and Ethereum. The company was already known as Leeta Gold Corp. but changed its name to HIVE Blockchain Technologies Ltd. in September 2017. The initial coin offering took place on September 20, 2017, and resulted in a valuation of $9.9 million.
Hive was founded by a diverse group of community members, developers, and investors with decentralization in mind. Hive has lots of nodes, stakeholders, and contributors in many countries all over the globe.
HIVE Price History
Source: TradingBeasts (HIVE Price History at a Glance)
HIVE started trading in March 2020 at the price of $0.28. The price of HIVE shot up by nearly 800% from April 22, 2020, through April 27, 2020, as several major exchanges, including Huobi Global and Binance, listed the coin for trading. It took HIVE from just above $0.11 to just above $0.82 (with a %672 growth rate in less than one week).
HIVE coin Price Prediction 2020
HIVE had a very successful start in 2021. The coin reached an all-time high of $1.48 on October 2021. Within the past 90 days, the price gain was around %49.20. It has to be noted that according to the latest data collected, the trading volume of Hive increased within the past four months.
HIVE coin Price Prediction 2021
Currently, one HIVE is worth $0.80 on major cryptocurrency exchanges. According to Coincodex, HIVE recorded 53% green (or bullish) days with %10.66 price volatility in October. The Hive market cap sits at $316,472,000.00, holding up for a market cap rank at #181. Also, the price of Hive increased by 577.93% in the last year. Based on their forecast, it is now a good time to buy HIVE coins. The coin has solid support levels of $ 0.797599, $ 0.767716, and $ 0.747401. Similarly, the resistance levels of the HIVE coin are at $ 0.847798, $ 0.868113, and $ 0.897996.
Market Sentiment for HIVE
Hive Price Prediction in 2021 and Beyond
Keep in mind that there is no guaranteed way to predict the future with 100% success, and past performance is no guarantee of future results. Therefore, you had better take these and any other predictions with a grain of salt. However, we will do our best to provide the most recent and reliable price predictions concerning this cryptocurrency. Then, let’s start and review some current viewpoints of leading platforms regarding the Hive price prediction.
WalletInvestor Hive Price Prediction
WalletInvestor is one of the most reliable platforms when it comes to cryptocurrency price predictions. According to the WalletInvestor forecast system, HIVE is a worthwhile long-term (one-year) investment. Then, if you look for virtual currencies with good returns, HIVE can be a profitable investment option. Hive price equal to $0.797 on November 1, 2021. Based on their Hive price prediction, a long-term increase is likely to happen. As such, the Hive price prediction for 2026-10-31 is $3.444. With a five-year investment, the revenue is to be around +332.12%. It means that your current $100 investment in Hive may be up to $432.12 in 2026.
Source: WalletInvestor (Long-term Hive Price prediction)
As shown in the graphs above, WalletInvestor thinks the Hive price can go up from $0.797 to $1.322 in one year. The long-term earning potential indicates a %65.91 growth in one year. Moreover, there will be a positive trend, and HIVE might be good for making money. Since this virtual currency has a positive outlook, they recommend it as part of your investment portfolio. Remember that trading in bull markets is always a lot easier, so you may want to favor these currencies under the given circumstances, but always read up on optimal investment strategies if you are new to investing.
TradingBeasts Hive Price Prediction
According to the forecasting platform, the Hive price prediction is likely to be $1.0238896 by the beginning of December 2021. The expected maximum price is $1.2798620, and the minimum HIVE value is $0.8703062. Then, according to their forecasts, the Hive price will increase in 2021. Now, the Hive price is $0.8039100, but by the end of 2021, the average Hive price can be $1.0289545 (representing a %29.70 gain).
Hive Price Prediction for 2021
The Hive price is likely to reach $1.0289545 by the beginning of January 2022. The expected maximum price is $1.2861931, and the minimum price is $0.8746113. In November 2022, the Hive price prediction can be on average $1.0875721. The expected maximum price is $1.3594651, and the minimum cost is $0.9244363. They predict that the Hive price will also go up in 2022. Currently, the Hive price is $0.8039100, but by the end of 2022, the average Hive price prediction is more likely to be $1.0928750.
Cryptoground Hive Price Prediction
By applying deep learning (neural network) algorithm on the historical data of HIVN, the Cryptoground forecasting platform thinks that HIVE is a profitable investment for the long term. Accordingly, the price of Hive (HIVE) after five years will be around $0.2517. As per the forecast and algorithmic analysis, the price of Hive will be approximately $0.2517 in 2026. Moreover, their Hive price prediction in 2023 will be about $0.0676. Based upon their forecast system, a crash is unlikely to occur in the coin.
Source: Cryptoground (Hive Price Prediction Chart)
Hive Price Prediction Table
DigitalCoinPrice Hive Price Prediction
Source: DigitalCoinPrice (Hive Price Prediction from 2021 to 2028)
As shown in the graph above, the platform predicts that HIVE will be $1.2 in 2021. Moreover, the HIVE price will reach ($1.41) in 2022, ($1.69) in 2023, ($2.01) in 2024, ($2.28) in 2025, ($2.77) in 2026, ($3.09) in 2027, and eventually ($3.63) in 2028. Then, the lowest price of the HIVE coin will be up to $3.31, and its highest price will be up to $3.99. Therefore, Hive (HIVE) prices will increase according to their predicted data. In short, HIVE is a profitable investment based on forecasting. According to their technical analysis data, the HIVE coin reflects a promising future.
Gov Capital Hive Price Prediction
Their historical data indicates that the digital asset price has been in an uptrend in the past year. Their predicted price is at $2.2340315858752 (representing a %177.796 growth) after a year. It means that if you invest $100 now in Hive, your current investment may be worth $277.796 on November 2, 2022. Moreover, it means that this asset is suitable as a new addition to your portfolio, as trading in bullish markets is always a lot easier.
Short-term Hive Price Prediction Gov Capital
Hive Price Prediction in the Next Year
Price Prediction Forecast
Since Hive has shown very powerful potential lately, it can be an excellent opportunity to dig right in and invest. The website reports that the HIVE was in a good upward trend within the last seven days and showed a 1.48% increase. Moreover, Hive has increased 13.716% in its value within the previous month.
According to their deep technical analysis on the historical price data of HIVE, the coin is more likely to reach a minimum level of $0.78 by the end of 2021. The price of Hive is predicted to come to a minimum level of $1.20 in 2022. The Hive price can reach a maximum level of $1.47 throughout 2022.
According to the forecast price and technical analysis, in 2023, the cost of Hive may reach a minimum level of $1.65. The price of one Hive may reach a minimum level of $2.31 in 2024. They also expect the Hive price to arrive at $3.11 in 2025 (Hive blockchain price prediction 2025). On the whole, they think that Hive (HIVE) is a good investment, and its value probably will expand in the future. As you can see from the table below, Hive has an outstanding potential to reach new heights. Accordingly, Hive can hit the highest price of $23.43 till 2030.
Source: Price Prediction (Hive Price Prediction2021 – Hive Price Prediction2030)
Hive had a tremendous performance in 2021. Moreover, there is a big active community behind it, and multiple developers are working on the project. Hive is also expanding its partnerships and investments. All these factors are influential in experts’ outlook concerning optimistic Hive price prediction in 2021 and beyond.
However, if you want to invest in HIVE, it is recommended to add it to your watch list and keep an eye on its latest news. Remember that HIVE is a volatile digital asset. Therefore, you had better proceed cautiously and never invest more than what you can afford to lose.