Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

What is Hive (HIVE)?

Hive basic info

Name:Hive
Ticker:
Introduction:

What Is Hive?

Hive is a blockchain platform that was launched in March 2020 as a hard fork from the Steem blockchain. Hive stands as a gateway transitioning from Web 2.0 to Web 3.0. This innovative blockchain promises lightning-fast processing times coupled with fee-less transactions, making it a preferred choice for various use cases ranging from social media platforms with monetized rewards for content creators to interactive blockchain games and identity management systems. As an open-source blockchain, Hive emphasizes scalability through layer-2 sidechains, maintaining a common layer-1 blockchain backbone to safeguard distributed data integrity.

In the Hive ecosystem, users find themselves immersed in a social network of apps and services where they can explore the potential of blockchain technology. It fosters a community where users, as the true proprietors of the network, can securely share content and connect to the platform, experiencing an equitable redistribution of value. This unique approach allows sponsors to directly engage with communities and artists without the need for intermediaries, fostering a more transparent and direct connection.

Resources

Whitepaper: https://hive.io/whitepaper.pdf

Official Website: https://hive.io/

How Does Hive Work?

At the core of Hive's functionality is its commitment to speed, scalability, security, and spacious storage, making it a robust platform designed for Web 3.0 and social media decentralized applications (dApps). The network harbors a future-proof system for bandwidth and resource storage, capable of securely storing vast amounts of data and making it accessible through time-based monetization. This feature makes it a fertile ground for developers, offering them the ease to create, deploy, and run dApps with the flexibility to implement new public and private networks using Hive's open-source code.

One of the standout features of Hive is its Proof of Brain protocol, a mechanism that maintains a high level of content quality by leveraging the power of human subjectivity, thereby stimulating a thriving creative economy. Within the platform, users can vote for content creators using HIVE and HBD tokens, fostering a community where original content is not only encouraged but also rewarded. This voting process occurs within a 7-day window, ensuring a dynamic and engaging user experience.

Furthermore, the decentralized nature of the Hive network, built on the Delegated Proof of Stake (DPoS) consensus mechanism, ensures a secure and transparent financial ecosystem. In this setup, delegates or witnesses verify transactions and create new blocks on the blockchain on behalf of investors, enhancing the decentralized control over the network.

What Is HIVE Token?

The HIVE token is the native governance token of the Hive ecosystem. This is complemented by the HBD stablecoin, which maintains a peg to the US dollar, providing stability amidst the often volatile cryptocurrency market. These digital assets are integral in facilitating various transactions and engagements within the Hive platform, including incentivizing content creators and fostering a vibrant, decentralized economy. The HIVE token not only facilitates transactions but also serves as a representation of a user's stake in the network, granting them voting rights and a say in the platform's governance.

Hive's Impact on Finance

Hive's emergence in the financial sphere marks a significant shift towards a more inclusive and democratized financial ecosystem. Its fee-less transaction model stands as a groundbreaking innovation, potentially reshaping the way financial transactions are conducted in the digital age. Furthermore, Hive's emphasis on decentralization aligns seamlessly with the evolving trends in the financial sector, which is gradually gravitating towards more transparent, user-centric, and open financial systems.

By creating a platform where users are at the helm, owning and controlling the network, Hive is spearheading a financial revolution. It encourages a more equitable redistribution of value, fostering a community where financial interactions are not dictated by centralized entities, but are instead guided by the collective input and participation of its user base. This shift heralds a new chapter in the financial sector, paving the path for a more inclusive and equitable financial future, where technology and community converge to create a more open and democratic financial landscape.

What Determines Hive's Price?

In the ever-evolving landscape of the cryptocurrency market, understanding the factors that influence the Hive price can offer a significant edge to investors and enthusiasts alike. Like many other digital assets, the Hive price is predominantly determined by market supply and demand dynamics, which are influenced by a myriad of factors including technological developments, market sentiment, and macroeconomic trends. The Hive blockchain, renowned for its decentralized approach and rapid transaction speeds, has carved out a niche in the sector, attracting a community that values transparency and user empowerment.

Another critical determinant of the Hive price is its utility within the blockchain ecosystem. As a platform optimized for Web 3.0 applications, Hive facilitates a range of use cases, from social media dApps offering monetized rewards for content creators to interactive blockchain games and identity management systems. The intrinsic value of the HIVE token is closely tied to its utility in facilitating these services, with increased adoption potentially driving a surge in demand and, consequently, a rise in price. Moreover, the strategic developments and partnerships that the Hive platform engages in can significantly influence its market valuation, making it a focal point for investors keen on blockchain technology's transformative potential.

Furthermore, the broader cryptocurrency market trends and regulatory developments play a pivotal role in shaping the Hive price. Investors and traders often keep a close eye on the global cryptocurrency landscape, with fluctuations in the prices of major cryptocurrencies like Bitcoin and Ethereum potentially having a ripple effect on altcoins, including Hive. Additionally, the role of community engagement and sentiment cannot be understated, as positive news and developments can fuel bullish trends, while adverse events can lead to price corrections. Therefore, a comprehensive analysis of the Hive price should encompass a holistic view of the market dynamics, technological advancements, and community sentiment, offering a nuanced perspective to those navigating the complex world of cryptocurrency and blockchain investments.

Show more
Current price:
All-time high:$3.42
All-time low:$0.08694

HIVE supply and tokenomics

Circulating supply:500,749,250 HIVE
Total supply:500,749,242.95 HIVE
Max supply:0 HIVE
Market cap:$176.70M
Fully diluted market cap:$176.70M

Links

Buy Hive for $1Buy HIVE now

What is the development prospect and future value of HIVE?

The market value of HIVE currently stands at $176.70M, and its market ranking is #322. The value of HIVE is not widely recognized by the market. When the bull market comes, the market value of HIVE may have great growth potential.

As a new type of currency with innovative technology and unique use cases, HIVE has broad market potential and significant room for development. The distinctiveness and appeal of HIVE may attract the interest of specific groups, thereby driving up its market value.

What will the price of HIVE be in 2025?
Based on HIVE's historical price performance prediction model, the price of HIVE is projected to reach $0.4164 in 2025.
What will the price of HIVE be in 2030?
In 2030, the HIVE price is expected to change by +9.00%. By the end of 2030, the HIVE price is projected to reach $0.7353, with a cumulative ROI of +202.84%.
Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of HIVE and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

Is HIVE worth investing or holding? How to buy HIVE from a crypto exchange?

If you want to buy HIVE, the following information may be helpful for your investment decisions:
In the last seven days, the price of HIVE has risen by 15.86%, leading to positive returns for most HIVE investors. The market is currently optimistic about the price trend of HIVE.
It is important to note that the current price of HIVE has retreated by -89.68% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.
Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.
To decide whether HIVE is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.
Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in HIVE or any cryptocurrency comes with certain risks and uncertainties.
Regardless of your outlook on the development prospects and future trends of HIVE, if you want to buy or sell HIVE, you can consider Bitget for your trading needs. The best place to buy HIVE is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.
Investing in Hive has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Hive. Here's a step-by-step guide on how to buy Hive on Bitget.

How to get Hive through other methods?

Using cash to buy Hive is not the only way to obtain Hive. If you have the time to spare, you can get Hive for free.
Learn how to earn Hive for free through the Learn2Earn promotion.
Earn free Hive by inviting friends to join Bitget's Assist2Earn promotion.
Receive free Hive airdrops by joining ongoing challenges and promotions.
All crypto airdrops and rewards can be converted to Hive through Bitget Convert, Bitget Swap, or spot trading.

What is Hive used for and how to use Hive?

The use case of Hive may expand as the crypto market and the project itself develop. Currently, you can use HIVE to achieve the following goals:
Arbitrage by trading HIVE: Since HIVE is a frequently traded cryptocurrency, the price of HIVE is always fluctuating. Earn more HIVE by buying low and selling high on the exchange. Bitget spot market provides a variety of HIVE trading pairs to fully meet your needs.
Earn by staking HIVE: You can also generate income through financial management methods such as staking HIVE or lending HIVE. Bitget Earn offers a variety of financial products designed to help you earn more income from your HIVE.
Send or pay HIVE: If you want to give HIVE to your friends, a charity, or a fundraiser, or you want to pay someone with HIVE, you can quickly and easily send HIVE to the recipient through their payment address.
You can also go to the official website of the Hive project to learn more about the use cases of HIVE. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

Learn about other cryptos

New listings on Bitget

New listings

Recently added coin prices

More
A selection of recently added coins

Trending coin prices

More
Assets with the biggest change in unique page views on Bitget.com over the past 24 hours

Where can I buy Hive (HIVE)?

Buy crypto on the Bitget app
Sign up within minutes to purchase crypto via credit card or bank transfer.
Download Bitget APP on Google PlayDownload Bitget APP on AppStore
Trade on Bitget
Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.