Hive (HIVE) Price Hits $0.31

Hive (HIVE) traded down 6.9% against the US dollar during the 1-day period ending at 7:00 AM E.T. on February 6th. Hive has a market capitalization of $152.84 million and $12.26 million worth of Hive was traded on exchanges in the last day. During the last seven days, Hive has traded 27.7% lower against the US dollar. One Hive coin can now be purchased for $0.31 or 0.00000310 BTC on major exchanges.

Here is how related cryptocurrencies have performed during the last day:

• GMX (GMX) traded up 0.6% against the dollar and now trades at $17.10 or 0.00017348 BTC.
• 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 2.2% lower 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 up 0.3% against the dollar and now trades at $98,520.36 or 0.99944674 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.6% higher against the dollar and now trades at $98,170.70 or 0.99589966 BTC.

About Hive

Hive uses the hashing algorithm. Its genesis date was March 20th, 2020. Hive’s total supply is 500,749,243 coins. 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. The official website for Hive 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 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.”

Hive Coin Trading

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

HIVE/USD price chart by TradingView