What's New With Hive Week 2 September 2024

in LeoFinance4 days ago

Well I can't start this post out without talking about HiveFest. While I wasn't there myself I've picked up some short videos and pictures from the event from others sharing. It seems like it was a pretty decent turn out of around 100 people from what I could figure out and I'm honestly curious where most of hive users are from but that's kind of the beauty about decentralization is you shouldn't know! lol

Mainly I caught Khals little speech at the event as I'm always curious of anything new dropping on Leo since I'd say I'm decently invested into it's success. I mean when you take into account all the defi money I've put in, time etc it's been a rather large commitment that I'm hoping starts paying off well here soon.

Price action wise Hive continues to struggle. While this weekly chart might look good going from $0.165 to $0.18 the overall price has been greatly depreciated from where it was just a year ago at $0.30 and greatly depreciated from the average $0.80 it was holding for a while even after the bull market was over.

My thought was I wouldn't be happy and call hive in a healthy state again until the value was back over $1 per hive. However I'm going to change that now in half to $0.50 if it can get to that point and hold and press higher I'd call hive price healthy at that point again.

That being said let's jump into the Goals!

Goals

$HIVE

Goal: 250,000 Current: 117,360

Overall we only pushed 235 more hive to be powered up. This is mainly a direct result of my articles earning less than half of what they used to which of course pumps the breaks a bit. That ends up being just 33 hive powered up per day over the last week when in comparison we were hitting 55 a day or more.

The positive side to this however is I've been generating a lot more outside of article rewards and more towards investments.

HBD

HBD once again isn't a focus of mine however I'm still going to stack what I can from time to time. However I did sell some off into other assets and those assets have since risen 35% in the month since having bought them and I still feel like there's good pressure to the upside for the assets. This is why building passive income can be great but smart investments along with the passive income are the real way to seriously grow.

You need that stable fund of passive income to help fuel the larger more risky investments and help offset any negative sides as it's not always going to be positive.

$LEO

Goal: 150,000 Current: 146,077

Today is LPUD Leo Power Up Day! While I pretty much power up on the daily now I did wait a bit and ended up powering up a little over 151 LEO as I bought some off the market in order to hit that 150 goal I always have for LPUD.

This puts me very close to my goal and only needing to power up 37 LEO per day in order to hit my goal by end of year which I know we will for sure. Goal is to hit this sooner as once I hit that mark I'll still be powering up leo but around half of it will be put into pools here on hive and start expanding into Leodex.

Splinterlands

The goal here is still to push to 1 million SPS. So far we are well on our way to hitting that goal towards end of year but also I'm building up primarily land assets now in hopes that land will get a update at the end of the year for at least wood and some other basic things.

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You would think that hive would have rallied during Hivefest, but it didn't. Which is disappointing and frustrating. I’m sure others feel this way. With all this disappoint in the air, must be a sign of a bottom. Therefore I am bullish!!

I'm going to be honest with you I wasn't expecting a rally lol
Until over spending of things gets cut out and the blockchain starts to build applications and use case I think we will be sitting at these low levels for a while.

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You are doing all right with your hive goals and they are ambitious goals at that. But with the progress you are making reaching them won't be that hard. Kudos and keep pushing. Happy New week.

The price of hive and even Leo has been down yet let's give it a chance. Hoping this recent hivefest brings something great into the entire system. I admire what you are doing friend, keep stacking.