Hive (HIVE) Hits Self Reported Market Cap of $50.68 Million

Hive (HIVE) traded up 0.9% against the dollar during the 1 day period ending at 8:00 AM ET on January 8th. One Hive coin can now be purchased for approximately $0.11 or 0.00000118 BTC on major cryptocurrency exchanges. Hive has a total market capitalization of $50.68 million and $5.54 million worth of Hive was traded on exchanges in the last day. During the last seven days, Hive has traded up 11.1% against the dollar.

Here is how related cryptocurrencies have performed during 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 2.2% lower 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 2.3% lower against the dollar and now trades at $89,756.28 or 0.99843486 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Hive

Hive (CRYPTO:HIVE) uses the hashing algorithm. Its genesis date was March 20th, 2020. Hive’s total supply is 509,967,386 coins and its circulating supply is 479,777,447 coins. The Reddit community for Hive is https://reddit.com/r/hivenetwork and the currency’s Github account can be viewed here. The official message board for Hive is peakd.com/@hiveio. Hive’s official website is hive.io. Hive’s official Twitter account is @hiveblocks and its Facebook page is accessible here.

According to CryptoCompare, “Hive is an open-source blockchain, forged in years of development to bring Web 3.0 to the world. With a diverse community of stakeholders and without controlling bad actors, individuals can experience true ownership in a decentralized blockchain & cryptocurrency.Hive distributes the new coins based on the Proof of Brain mechanism (PoB). Although it also distributes it to the stake holders trough curation and staking rewards so it’s a bit of hybrid, DPoS/PoB. Hive was created as an independent and decentralized fork of the Steem blockchain.The Hive network comes with two classes of cryptocurrency assets named HIVE and Hive Backed Dollars (HBD). Moreover, HIVE exists both under a liquid form (simply called HIVE) and a staked form (called Hive Power). HIVE is the liquid currency of the Hive ecosystem.”

Buying and Selling Hive

It is usually not presently possible to buy alternative cryptocurrencies such as Hive directly using U.S. dollars. Investors seeking to trade Hive should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Hive using one of the aforementioned exchanges.

HIVE/USD price chart by TradingView