HIVE Cryptocurrency
The cryptocurrency HIVE gets ranked 36th place on Crypto data tracking sites after surging more than 800% in just four days. Hive (HIVE) witnessed extraordinary performance after listing on major crypto exchanges.
Market Cap: 200 Million
On April 22, Hive cryptocurrency was trading at $0.12 with a market cap of $37 million. Currently, it is trading at $0.7, and the market of the digital asset surged to almost $200 million. Hive cryptocurrency being a fork of Steem has three times more value than the digital asset, STEEM. The Hive is a fork of Steem blockchain, but now there is a conflict between the two. The Steem network, the decentralized content sharing platform, was acquired by the Tron Foundation in January. The Steem’s community doesn’t want Justin Sun to manage the blockchain. The major influencers of the community voted in favor to create a soft fork called Hive to stop manipulation on the part of Sun.
Also read:When the community of Hive tried to shake the superiority of the Sun over the network, Tron CEO, in turn, attack them by saying,” When #Bitcoin invented, the beauty of the cryptos is that no one can take them from you. The sanctity of private property is guaranteed by the math and code behind it. Freezing people’s funds violates the basic foundation of cryptocurrency.”
The coin was welcomed warmly by the trading platforms as it is now listed on more than six crypto exchanges, including Huobi Global, Huobi Global, Bittrex, Probit, and others. The unexpected rise in coin’s price has wondered crypto analysts because it has also crossed the market cap of its blockchain’s native digital currency, STEEM.
However, one can swap the STEEM tokens with the HIVE tokens, but not everyone can do this swap. Per the Hive’s blog,” The only accounts who will not be [able to swap their tokens] are those containing the Steemit Inc [pre-mined] stake, and those who actively contributed to (and publicly declared support for) the centralization of the Steem Blockchain.”
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