BTC Takes a Breather, ETH's Berlin Goes Live, HIVE Seeks Buying Pressure

in HODL3 years ago

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Bitcoin

$63k appears to be a support level for Bitcoin as it hovers between $62k-$63k before it goes on another bullish run. Currently trading at $62,819 according to Coingekco it might be an opportunity to buy before BTC hits $65k, a part of me thinks we might see BTC at $59k again though.

Ethereum

But help is on the way. The so-called Berlin hard fork, which took place when the network hit block number 12,244,000, should bring transaction fees down at least slightly.
Source

In efforts to reduce the transaction fee on Ethereum the Berlin hard fork is now live, the upgrade is not expected to drastically solve high gas fees issue but a start to the eventual Ethereum 2.0.
If Ethereum intends to remain the go to for smart contracts its gas fees need to be sorted out sooner as other chains surfaces as alternative solutions.

HIVE

After hitting the above a dollar mark, HIVE have been on the gradual route down south with struggles to establish a strong base. HIVE have been hovering around $0.60 region, a region that looks like it seeks buying pressure to reclaim $0.80 towards an eventual $1.

As the bullish sentiments continues generally and HIVE showing signs of successful years ahead, staying above $0.50 while seeking for a move up north will be great.

We owe it to ourselves to make Hive great

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Image by @doze

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I just attempted a transaction on ETH. The gas fee is still high.

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I think before gas fee eventually subsides it will be the complete Ethereum 2.0 upgrade the Berlin and the next London upgrades are just upgrades towards the major on I suppose.

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