Hive Price Prediction – Will HIVE Price Hit $2 Soon?
- Bullish Hive price prediction 2022 ranges from $1.3240 to $1.7465.
- HIVE price might also reach $2 soon.
- Hive bearish price prediction 2022 is $0.1044.
This Hive (HIVE) Price Prediction article is based on technical analysis alone. Below, you will see the key confluences that we have taken into consideration upon coming up with our HIVE price analysis and prediction.
The year 2021 is one of the years that most cryptocurrencies investors would not forget soon due to the all-time high prices attained by their assets. Hive (HIVE) was able to attain an all-time high of $3.42 on November 26th, 2021. All investors of HIVE in the past one year had received over 640% return on investment (ROI).
The recent crypto winter in the past few weeks had led to the loss of most of the recent gains in 2021 and HIVE is one of the crypto assets affected. Hive (HIVE) has been in partnership with top establishments such as Alpha Sigma Capital Fund, and Defi Technologies Inc.
Now that we know Hive’s latest performance and partnerships, will Hive be a profitable investment in 2022? Let’s find out in this CoinQuora Hive (HIVE) Price Analysis and Price Prediction.
What is Hive (HIVE)?
Hive was launched in March 20th, 2020 as a decentralized content sharing platform that enables content creators to earn rewards as a result of the upvotes they receive for their content. The worth of the reward is dependent on the voting power of the user, that is called the “Hive Power.”
Hive platform uses a blockchain decentralized algorithm called the Delegated Proof of Stake (DPoS). Transactions on the Hive decentralized social platform is enhanced with the Lightning Network (LN) which ensures that it is smooth and completed within 3-seconds
Hive was founded that a team of developers, investors, and Hive community members that believe that information that is shared online should not be censored. All proposals are voted for before they are implemented in the Hive platform.
With this knowledge about HIVE, do you think HIVE will be profitable crypto in 2022? Join me and let us see the charts in this HIVE price analysis and HIVE price prediction.
Hive (HIVE) Current Market Status
As of the time of writing this Hive price analysis, HIVE trades at $1.05 with a 24-hour trading volume of $331,539,708. The price of HIVE has increased by 8.86% in the last 24 hours.
Moreover, HIVE present circulating supply stands at 398,318,249.08 HIVE. Some of the cryptocurrency exchanges that support HIVE transactions are Binance, Gate.io, Huobi Global, Mexc, Bithumb, and others.
Now, let’s proceed to the next part of this HIVE technical analysis for 2022.
Hive (HIVE) Price Analysis 2022
Presently, HIVE is placed on the 137th position in CoinMarketCap ranking of cryptocurrencies by market capitalization. But, will upcoming developments, market trends, and likely changes in the HIVE ecosystem help the price of HIVE to go higher? Let’s now look at the charts in this HIVE price prediction article.
William Alligator indicator is a technical analysis tool that uses the smooth changes in three moving averages to deduce trading signals. The blue, red, and green colored curves in the Hive (HIVE) chart above represent the jaw, teeth, and lips respectively. Since the lips are moving from the bottom and had touched the teeth in the last candlestick, in the chart above, the price of Hive (HIVE) would soon start to experience an uptrend.
Average Directional Index (ADX) is an indicator that shows the strength of a trend. It ranges from 0 to 100. From the chart of Hive (HIVE) above, it indicates an ADX value of 27.45 which shows that the present bullish run is strong. Hence, the present price of HIVE is expected to surge soon.
From the 90 days and 30 days moving averages for HIVE, it could be seen that HIVE would go bullish in the long-term since the 90-day moving average is above the 30-day moving averages. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks due to crypto winter.
Hive (HIVE) Price Prediction
The chart below shows that Hive (HIVE) has shown a bullish trend in the past few days. Moreover, the HIVE price has dropped 35.4% in the last 30 days. If there is a reversal, HIVE might plummet to $0.8935 in support1 level and drop even lower.
Conversely, if the investors increase their buying pressure at the crypto, the bulls will continue to be in charge to ensure that the recent gain is in the price of HIVE is sustained. In simpler terms, the price of HIVE might surge to almost $1.3240 at resistance1, a bullish signal.
Meanwhile, our long-term HIVE price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $3.42 this year. However, that will only happen if it breaks many previous psychological resistances.
Hive (HIVE) Price Prediction 2022
If this bullish run continues, HIVE will reach $1.7465 by the end of 2022. Moreover, the first half of 2022 is going to show moderate growth, up to $1.3240 at resistance1. Then, HIVE will rise, but no major falls are expected. With upcoming, partnerships, and developments reaching $2 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Hive (HIVE) Price Prediction 2023
If HIVE has a bullish Average Directional Index (ADX) that is above 55 in 2022, which means a very strong uptrend since more buyers are entering the market, then the possibility of it reaching $4 by the end of 2023 has been narrowed.
Hive (HIVE) Price Prediction 2024
As per the latest upgrades, developments, HIVE price prediction, and new project forecasts of the platform, HIVE investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of Hive (HIVE) in the crypto market, and it will be on the list of the best investment as the price can spike and reach around $5 by the end of 2024.
Hive (HIVE) Price Prediction 2025
If Hive (HIVE) maintains a moving average where the longer duration is above the shorter duration by the end of 2024, then it will be likely that will reach $7 by the end of 2025.
Hive (HIVE) Price Prediction 2026
By 2026, the price of HIVE would reach $11 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
Conclusion
With the continued strong marketing approach, we can say that Hive has a bright future ahead of it in 2022. Bullish HIVE price prediction 2022 is between $1.3240 and $1.7465. As said above, it may even reach $2 if investors have decided that HIVE is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Users can obtain HIVE tokens by purchasing them from cryptocurrency exchanges such as Binance, Bithumb, Mexc, CoinEx, or Huobi Global.
HIVE is a good investment in 2022. However, HIVE has a low probability of surpassing its current ATH at about $3.42 this year.
Yes, it’s very much possible that HIVE might reach $2 in the near future as per the current bullish trend.
Yes, it’s very much possible that HIVE might reach $4 in the near future as per the current bullish trend.
Yes, it’s very much possible that HIVE might reach $5 in the near future as per the current bullish trend.
Yes, it’s very much possible that HIVE might reach $7 in the near future as per the current bullish trend.
Yes, it’s very much possible that HIVE might reach $11 in the near future as per the current bullish trend.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
