Hive Trading Down 6.7% This Week (HIVE)

Hive (HIVE) traded 0% higher against the US dollar during the one day period ending at 23:00 PM E.T. on November 3rd. One Hive coin can now be purchased for about $0.17 or 0.00000248 BTC on major exchanges. Hive has a total market cap of $85.70 million and $1.63 million worth of Hive was traded on exchanges in the last 24 hours. During the last seven days, Hive has traded down 6.7% against the US dollar.

Here is how similar cryptocurrencies have performed during 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded 0.8% higher against the dollar and now trades at $68,936.54 or 0.99766848 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0% lower against the dollar and now trades at $68,499.69 or 0.99134627 BTC.

About Hive

Hive uses the hashing algorithm. Its launch date was 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. Hive’s official Twitter account is @hiveblocks and its Facebook page is accessible here. 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 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 purchase alternative cryptocurrencies such as Hive directly using U.S. dollars. Investors seeking to acquire Hive should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Hive using one of the exchanges listed above.

HIVE/USD price chart by TradingView