Hive (HIVE) Hits Self Reported Market Cap of $50.08 Million

Hive (HIVE) traded 2.4% lower against the dollar during the 24-hour period ending at 9:00 AM E.T. on January 16th. Over the last week, Hive has traded 3.5% lower against the dollar. Hive has a market capitalization of $50.08 million and approximately $2.36 million worth of Hive was traded on exchanges in the last 24 hours. One Hive coin can currently be purchased for $0.10 or 0.00000109 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 2.2% lower 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 down 1.2% against the dollar and now trades at $95,244.08 or 0.99733498 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Hive

HIVE uses the hashing algorithm. Its genesis date was March 20th, 2020. Hive’s total supply is 511,299,732 coins and its circulating supply is 479,777,447 coins. Hive’s official website is hive.io. Hive’s official Twitter account is @hiveblocks and its Facebook page is accessible here. Hive’s official message board is peakd.com/@hiveio. The Reddit community for Hive is https://reddit.com/r/hivenetwork and the currency’s Github account can be viewed 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 currently possible to buy alternative cryptocurrencies such as Hive directly using U.S. dollars. Investors seeking to trade Hive should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Hive using one of the exchanges listed above.

HIVE/USD price chart by TradingView