Hive (HIVE) Achieves Market Cap of $148.93 Million

Hive (HIVE) traded down 4.3% against the dollar during the twenty-four hour period ending at 7:00 AM ET on December 16th. In the last seven days, Hive has traded 27.2% lower against the dollar. One Hive coin can now be bought for about $0.30 or 0.00000287 BTC on popular cryptocurrency exchanges. Hive has a total market cap of $148.93 million and approximately $10.08 million worth of Hive was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.3% higher against the dollar and now trades at $103,748.66 or 0.99972731 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.6% against the dollar and now trades at $103,536.01 or 0.99767818 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Hive

Hive (CRYPTO:HIVE) uses the hashing algorithm. It was first traded on March 20th, 2020. Hive’s total supply is 500,749,243 coins. Hive’s official message board is peakd.com/@hiveio. The official website for Hive is hive.io. The Reddit community for Hive is https://reddit.com/r/hivenetwork and the currency’s Github account can be viewed here. Hive’s official Twitter account is @hiveblocks and its Facebook page is accessible here.

According to CryptoCompare, “Hive is an open-source blockchain platform developed for Web 3.0. It is a decentralized network where individuals have true ownership and control over their cryptocurrency. The platform uses a hybrid mechanism of Proof of Brain (PoB) and Delegated Proof of Stake (DPoS) to distribute new coins to stakeholders. Hive is a decentralized fork of the Steem blockchain and offers two classes of cryptocurrency assets, HIVE and Hive Backed Dollars (HBD). HIVE is the liquid currency of the platform and also exists in a staked form called Hive Power.”

Buying and Selling Hive

It is usually not possible to buy alternative cryptocurrencies such as Hive directly using US dollars. Investors seeking to acquire Hive should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Hive using one of the exchanges listed above.

HIVE/USD price chart by TradingView