Hive (HIVE) Price Prediction — Will HIVE Hit $2 Soon?
- Bullish HIVE price prediction for 2022 is $0.5821 to $1.9499.
- The HIVE price will also reach $2 soon.
- Bearish HIVE price prediction for 2022 is $0.1915.
In Hive (HIVE) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about HIVE to analyze the future movement of the cryptocurrency.
Hive (HIVE) Current Market Status
According to CoinGecko, the price of Hive (HIVE) is $0.551986 with a 24-hour trading volume of $6,462,305 at the time of writing. However, HIVE has increased to 1% in the last 24 hours.
Moreover, Hive (HIVE) has a circulating supply of 371,261,453 HIVE. Currently, HIVE trades in cryptocurrency exchanges such as Binance, BKEX, MEXC, Pionex, ProBit Global, Gate.io, and Huobi Global.
What is Hive (HIVE)?
Hive (HIVE) is the native cryptocurrency of the Hive blockchain. Hive is a decentralized blockchain that supports the storage and retrieval of data. It was launched in March 2020 as a result of a hard fork of Steem Blockchain. Hive is built on the delegated proof-of-stake (DPoS) consensus protocol. Hive provides solutions to the drawbacks of other blockchains by facilitating faster block production (3 seconds) and exists as a fee-less model for the users.
A unique protocol of the Hive blockchain is the Proof-of-Brain (PoB). This PoB confers immutablity and censorship resistance to the data from content creators. Hive serves as a decentralized platform for content creators to monetize their content through dApps, blockchain-powered games on their built-in incentivized mechanism.
Hive hosts two different crypto assets: HIVE tokens and its native stablecoins, Hive Backed Dollars (HBD). Hive (HIVE) tokens exist in two forms: liquid form – HIVE tokens and staked form – Hive Power (HP) tokens. HIVE serves as the governance token of the Hive blockchain.
Hive (HIVE) Price Prediction 2022
Hive (HIVE) holds the 170th position on CoinGecko right now. HIVE price prediction 2022 is explained below with a daily time frame.
The above chart of Hive (HIVE) laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows.
If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Hive (HIVE) is at $0.5495. If the pattern continues, the price of HIVE might reach the resistance level of $0.6681, and $1.2805. If the trend reverses, then the price of HIVE may fall to $0.5151, $0.4244, and $0.3252.
Hive (HIVE) Support and Resistance Levels
The chart below shows the support and resistance levels of Hive (HIVE).
From the above daily time frame, it is clear the following are the resistance and support levels of HIVE.
| Resistance Level 1 | $0.5821 |
| Resistance Level 2 | $0.8679 |
| Resistance Level 3 | $1.2527 |
| Resistance Level 4 | $1.9499 |
| Support Level 1 | $0.3135 |
| Support Level 2 | $0.1915 |
The charts show that HIVE has performed a bullish trend over the past month. If this trend continues, HIVE might run along with the bulls overtaking its resistance level at $1.9499.
Accordingly, if the investors turn against the crypto, the price of the HIVE might plummet to almost $0.1915, a bearish signal.
Hive (HIVE) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Hive (HIVE) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of HIVE lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Hive (HIVE) is shown in the above chart. Notably, the HIVE price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, HIVE is in a bullish state. There is a possibility of a reversal trend of HIVE at any time.
Meanwhile, the relative strength index (RSI) of the HIVE is at a level of 44.57. This means that HIVE is in an oversold state. However, this gives confidence to the traders to trade without any fear.
Hive (HIVE) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Hive (HIVE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Hive (HIVE). Currently, HIVE lies in the range of 64.714, indicating a very strong trend.
From the above chart, the Relative Volatility Index (RVI) of Hive (HIVE). RVI measures the constant deviation of price changes over a period of time. The RVI of HIVE lies below 50, indicating low volatility. In fact, HIVE’s RSI is at 44.57, thus confirming a potential buy signal.
Comparison of HIVE with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Hive (HIVE).
From the above chart, we can interpret ETH, BTC, and HIVE are moving in a similar trend. This indicates that when the price of BTC or ETH increases or decreases, the price of HIVE also increases or decreases respectively.
Hive (HIVE) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Hive (HIVE) might probably attain $2 by 2023.
Hive (HIVE) Price Prediction 2024
With several upgrades in the network, Hive (HIVE) might enter a bullish trajectory. If the coin grabs the attention of major investors, HIVE might rally to hit $3.5 by 2024.
Hive (HIVE) Price Prediction 2025
If Hive (HIVE) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, HIVE would rally to hit $5.
Hive (HIVE) Price Prediction 2026
If Hive (HIVE) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, HIVE would rally to hit $6.8.
Hive (HIVE) Price Prediction 2027
If Hive (HIVE) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, HIVE would rally to hit $8.1.
Hive (HIVE) Price Prediction 2028
If Hive (HIVE) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, HIVE would hit $10.5.
Hive (HIVE) Price Prediction 2029
If investors flock in and continue to place their bets on Hive (HIVE), it would witness major spikes. HIVE might hit $13 by 2029.
Hive (HIVE) Price Prediction 2030
With greater advancements in the Hive ecosystem, the crypto community might continue to invest in Hive (HIVE) for the next 8 years and drive significant price rallies for the token. Hence, Hive (HIVE) might hit $15 by 2030.
Conclusion
With continuous improvements in the Hive network, we can say that 2022 is a good year for HIVE. For this reason, the bullish price prediction of Hive (HIVE) in 2022 is $1.9499. On the other hand, the bearish price prediction of Hive (HIVE) for 2022 is $0.1915.
Furthermore, with the advancements and upgrades in the Hive ecosystem, the performance of Hive (HIVE) might hit $2 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $3.41 in the near future.
FAQ
Hive (HIVE) is the native cryptocurrency of the Hive blockchain. Hive is a DPoS-based decentralized blockchain that hard forked from the Steem blockchain in March 2020.
Hive (HIVE) has been listed on many crypto exchanges which include Binance, BKEX, MEXC, Pionex, ProBit Global, Gate.io, and Huobi Global.
With the ongoing developments and upgrades within the Hive platform, it has a high possibility of reaching its ATH soon.
On November 26, 2021, Hive (HIVE) reached its new all-time high (ATH) of $3.41.
Hive (HIVE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of HIVE in the past few months, HIVE is considered a good investment in 2022.
Hive (HIVE) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Hive (HIVE) will hit $2 soon.
Hive (HIVE) price is expected to reach $3.5 by 2023.
Hive (HIVE) price is expected to reach $5 by 2024.
Hive (HIVE) price is expected to reach $6.8 by 2025.
Hive (HIVE) price is expected to reach $8.1 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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