Great News for Entrepreneur One Members and a Look into the Future Of Hivecoin 

Markethive is relentlessly pushing boundaries, driven by the pursuit of excellence in creating a cutting-edge platform that leaves traditional social media and marketing tools in the dust. With a focus on streamlining user experience, Markethive is incorporating innovative technologies that enable effortless broadcasting, significantly expanding your reach and influence.

With the recently launched wallet that is your comprehensive accounting and financial hub, Markethive is likened to a bank. Hence, the level of security is second to none. The cottage industry concept within the Markethive ecosystem will provide avenues to secure your financial freedom in a sovereign and meritocratic environment in a ‘market-verse’ unique to Markethive but extending its influence beyond the confines of the platform and into the broader online community and cryptocurrency realm.

We have made such significant progress because of the unwavering support and contributions of the Entrepreneur One community and ILP holders. The team behind the scenes is deeply grateful for the backing of these visionary individuals who share our commitment to advancing liberty for all people.

Markethive’s End Of Year Bonuses For E1 Upgrades

It’s Christmas time, and as promised, the 2023 bonus of one whole ILP to each of the Entrepreneur One (E1) associates who have maintained their subscription for the past 12 months will be credited to your wallet in January 2024.

To express our heartfelt gratitude and appreciation for the unwavering support of our esteemed E1 associates who share our vision, Markethive's founders, Thomas and Annette, are thrilled to announce a new promotion set to begin in January 2024. This exclusive offer is a token of our appreciation for your steadfast belief in our mission and your continued dedication to our community.

The incentive for next year is 1000 Hivecoins (HVC), and thanks to Annette, it will include another full ILP! This offering will be delivered at the end of the 12 months in January 2025. The initiative is for Entrepreneur Ones only and any other member who would like to upgrade to an E1 membership of $100 per month. To qualify for the bonus, members must maintain an active subscription for a consecutive 12-month period, and they will receive one whole ILP and 1000 HVC in January 2025.

There's no restriction on the number of Entrepreneur One subscriptions you can own, so you can benefit from multiple memberships. If you have numerous E1 subscriptions, you'll receive the corresponding number of bonuses, such as the ILP and HVC, for each membership you hold. For instance, owning two E1 memberships means you'll receive two whole ILPs and 2000 HVC in January 2025. The more memberships you have, the more rewards you'll achieve.

Alternatively, you can save $200 by upgrading to the E1 with a yearly subscription of $1000, which covers you for 12 months. Note that if you choose the annual option and pay for it a little later in the year, it will be backdated to January, and you will still be eligible for the ILP/Hivecoin 2024 promotion. Please keep in mind that your bonus will be paid to you at the end of the promotion in January 2025. 

Remember, the E1 Upgrade is only available from the company Markethive for a limited time. As we move closer to the official release of Hivecoin, E1 Exchange, and associated implementations within the Markethive system, the Entrepreneur One will only be available to bid and purchase primarily from E1 associates who hold multiple E1 subscriptions, should they choose to sell one via the E1 Exchange (E1X). 

It’s worth noting that 1000 Hivecoin is equivalent to 200,000 Markethive tokens (MHV) currently used within the Markethive ecosystem for micropayments. As Markethive is presently on the Solana blockchain, the Hivecoin is classed as a Token. Once Markethive establishes its own blockchain, which will drive the crypto coin exchange, Hivecoin will be the native token of its blockchain and be regarded as a Coin. 

What Type Of Crypto Is Hivecoin? 

In a previous article, we looked at the different types of cryptocurrencies and their respective categories. Many of the cryptos mentioned were utility tokens, even though they fall under other categories. For example, Binance and Chainlink are utility tokens, but they are classed as exchange and oracle tokens, respectively.   

Markethive's Hivecoin (HVC) is a versatile utility token that extends beyond its primary function to encompass aspects of exchange, payment, smart contracts, and commerce tokens. Its utility is further amplified by its use in various Markethive services, including sponsored articles, press releases, broadcasts, banner advertising, video advertising, and digital advertising on cryptocurrency faucet sites, news sites, the Bounce, and the upcoming Push. Additionally, Hivecoin will play a crucial role in Markethive's gamification strategy, contributing to the overall growth and development of the Markethive ecosystem driven by Hivecoin.

The components mentioned above, along with the Premium Upgrade (PUP), are the tipping point for the Incentivized Loan Program (ILP), as they will be extremely valuable in bringing in revenue for ILP holders. The ILP token is a smart contract, as any member who acquires ILPs through the E1 subscription or purchased the ILP outright is essentially loaning the funds to Markethive for its development. 

The Markethive Credit (MVC) falls into the category of a stablecoin that serves as the backbone of the Markethive ecosystem's staking mechanism. The more MVC you possess in your Markethive wallet, the greater the daily interest you'll accumulate. The interest rates are influenced by other various factors, as depicted in the image below. On the first day of each month, you'll receive your earned interest in Markethive Tokens (MHV), which will be reflected in your coin clip and detailed in your wallet's Accounting section. 

The Markethive Token (MHV) is currently used internally for micropayments. As we make the transition to Hivecoin and listed on the coin exchanges, the MHV will likely be replaced with the Bee Token. It takes 1 million Bees to make one Hivecoin. The Markethive Token is equated at 200 MHV to 1 Hivecoin. 

What Will The Hivecoin Be Worth? 

A realistic way of determining Hivecoin’s worth in the near future is taking into consideration the circulating supply of cryptos with a similar supply to HVC. If you research Coinmarketcap and click on circulating supply, the cryptos with coin supplies in the billions are priced extremely low. Most are less than a cent, with little hope of gaining real value. 

The cryptos with a circulating supply of millions fare much better—many cryptos of around 70 million range from $7 to $50. Markethive is somewhat modeled after Elrond’s MultiversX (EGLD), which has a circulating supply of just over 26 million with a maximum supply of 31.5 million and is currently priced at $61.56 when writing this article. 

The Hivecoin has a capped supply of 48 million. With this low supply and the genuine use cases  Markethive offers, we can expect HVC to go to $10 – $50 within the first year once we are on the exchanges. Going by empirical evidence, the fact we have a strong community and a real need for Hivecoin, we can justify that. 

So what would 1000 Hivecoin be worth if it was MultiversX? It would be worth $61,560. That's pretty cool, and Markethive is giving that to you for being an Entrepreneur One! Another example is Arweave (AR), with a circulating supply of 65.4 million and a maximum supply of 66 million currently sitting at $11.04, which is $11,040, which is nothing to sneeze at. 

One of the strategies that Markethive will use is to buy back or repurchase some of the HVC tokens using its cash resources from holders at market price. This approach is not novel, as businesses have long utilized self-investment as a means of stabilizing prices (or inflation) in the traditional financial market. 

Hivecoin can profit from the successful and popular buyback approach used in the cryptocurrency market. Binance and Nexo are two examples of successful crypto projects that have employed this strategy to draw investors and deliver tangible advantages. Through a buyback, Hivecoin can offer a compelling and valuable proposition that works well within the system, ultimately resulting in a substantial increase in asset value. This tactic has shown to be effective and profitable, making it a wise decision for Hivecoin's future.

Empower Markethive's Mission

Markethive is not a drop in the ocean but an entire ocean in a drop. Rather than the ‘seeing to believe’ notion we’ve been brainwashed with, we must practice ‘believing to see.’ By embracing the power of belief, we can unlock our potential and create a brighter future. As a shining beacon, Markethive stands among the best, offering a haven for those seeking sovereignty, prosperity, and growth. To further our mission, we invite you to join us in empowering the people and creating a better world for all. Together, we can make a difference.

Upgrading to Entrepreneur One now is extremely advantageous, as you would receive a sizable bonus consisting of 1 ILP and 1000 Hivecoin. By doing so, you'll benefit from the many products and services exclusive to the E1 upgrade and be recognized as a pioneer in the Divinely inspired groundbreaking initiative, the Lord's Vision, aimed at liberating humanity in a world filled with turmoil.

Merry Christmas and blessings to all! 

This article is provided for informational purposes only and should not be relied upon as legal, business, investment, or tax advice. Furthermore, however plausible, the contents of this article may include speculative opinions. Of course, there is nothing wrong with speculation as long as its premises are made clear. Speculation is the customary way to begin the exploration of uncharted territory as it stimulates a search for evidence that will support or refute it.

Tim Moseley

Understanding and Identifying the Different Types of Cryptocurrencies is a Must for Sound Investing

The value of cryptocurrencies is a question that has likely been posed to you before and perhaps that you have also wondered about. The answer varies depending on the specific crypto coin or token being discussed. With over 11,000 cryptocurrencies in existence, each one has its purpose or intended use case that adds to its value. However, it is essential to note that not all cryptocurrencies are currently active or hold value. By disregarding the many "dead" cryptos, we are left with approximately 8,000 active cryptocurrencies.

Most cryptocurrencies can be grouped into various categories, including those that serve as a means of storing value, facilitating smart contracts, providing oracle services, enabling payments, ensuring privacy, acting as exchange tokens, and even serving meme coins. 

Identifying the category a cryptocurrency belongs to when investing in the crypto market is crucial. This is because each category has its advantages and disadvantages, and they tend to experience different patterns of price surges and declines during a bull market. This guide provides an overview of the different types of cryptocurrencies and offers insights on how to leverage this information to optimize your investment strategy and mitigate potential losses.

Image source: Business Today

Store Of Value Cryptos

Cryptocurrencies that fall under the store of value category are intended to maintain or enhance their buying power as time passes. Although there is usually a gradual rise in their price over time, it is important to note that price and purchasing power are two different concepts.

Traditional currencies lose about 2% to 3% of their purchasing power yearly due to governments printing more money to stimulate economic growth. Therefore, if you invested in a stock that increased by 23% last year, the actual purchasing power of that stock remains the same despite the increase in its dollar value.

The government's excessive money printing diminishes its value, which is why cryptocurrencies like Bitcoin were created. Bitcoin, launched in 2009, reacted to the 2008 financial crisis and the subsequent government money printing. It's the only cryptocurrency that fits the store-of-value category, although some argue that others, like Litecoin, also qualify. Litecoin is also known as silver to Bitcoin’s gold.

Bitcoin differentiates itself from traditional currencies by having a limited supply of 21 million BTC, in contrast to conventional currencies, which are subject to continuous printing and subsequent devaluation. This 21 million BTC is created gradually, thanks to miners who solve intricate equations to facilitate transactions on the Bitcoin blockchain and are rewarded with BTC.

A decentralized payment network has been established by allowing anyone to mine Bitcoin and receive BTC as a reward for processing transactions. This network comprises millions of computers located worldwide. The presence of economic incentives makes Bitcoin the most secure payment network globally. It cannot be shut down by targeting a single location.

Although Bitcoin was initially intended to function as a form of virtual currency, its economic characteristics and the relatively slow speed of its transactions have resulted in it being more comparable to digital gold than digital cash. Within the cryptocurrency market, Bitcoin holds the highest market capitalization, and the price of Bitcoin influences the prices of almost all other cryptocurrencies. 

If Bitcoin's value experiences a sharp decline, it also leads to a decline in the value of other cryptocurrencies. Conversely, if Bitcoin's price remains stable or gradually increases, it increases the value of other cryptocurrencies. Furthermore, if Bitcoin experiences a significant surge in value, it outperforms other cryptocurrencies by a substantial margin. The ongoing fluctuations in Bitcoin's dominance can be observed in real-time through the Bitcoin dominance chart.

The main benefit of store-of-value cryptocurrencies is that they tend to be less risky investments than other cryptocurrencies and have a higher potential to appreciate in value over time. However, the critical factor determining their success is a fair launch, where a community of miners collectively starts mining the cryptocurrency from the beginning. 

Many store-of-value cryptocurrencies have been pre-mined, where the development team and private investors hold a significant portion of the supply, which can lead to centralization and decreased trust in the network. To verify if a store of value cryptocurrency is genuinely decentralized, you can check its supply distribution using a Blockchain Explorer. Bitcoin and Litecoin are examples of store-of-value cryptocurrencies with relatively equitable supply distributions.

One major drawback of cryptocurrencies that serve as stores of value is their lack of extensive features. This is why some individuals compare Bitcoin to a pet rock. These types of cryptos primarily focus on preserving purchasing power and facilitating peer-to-peer transactions without intermediaries. The limited functionality of store-of-value cryptocurrencies is why many individuals anticipate that Bitcoin will eventually lose its position as the most prominent cryptocurrency in market capitalization. The crypto that surpasses Bitcoin is expected to emerge from the second category.

Smart Contracts Cryptos

Smart contract cryptos, which belong to the second category of cryptocurrencies, are specifically created to be programmable and prioritize functionality over value preservation. The reason this is important is as follows. 

If you are currently viewing this article on either your computer or phone, it means you are utilizing a specific program, whether it be a web browser or a mobile application. The distinguishing feature of the programs you rely on daily is that they are centrally controlled. A major technology company is typically responsible for developing and overseeing these browsers or apps. Additionally, these programs are not particularly secure. There is a risk that an individual could hack or alter the program to gain access to your personal information, finances, identity, and so on.

The influential tech conglomerates and financial institutions are constantly monitoring your digital activities. Whether you're spending, saving, or trading your funds, you must utilize a centralized medium, such as a bank or a brokerage firm. However, cutting-edge smart contract cryptocurrencies present a revolutionary replacement for the digital and financial systems we rely on today. This innovative approach is known as Web3, representing a significant upgrade from the existing Web2 internet.

Image source: globalxetfs.com.au

Smart contracts are self-executing programs that automate specific actions when predefined conditions are met. They can be used to create various cryptocurrency tokens, such as fungible tokens similar to traditional currency or non-fungible tokens that are unique and rare, like a collectible baseball card. What sets smart contracts apart from regular programs is their immutability and decentralization. Once created, smart contracts cannot be modified, and their decentralized nature means they cannot be shut down as they exist on a vast network of computers globally.

A decentralized application (dApp) is formed by merging various smart contracts. These dApps cover a wide range of functions, such as payments, trading, lending, borrowing, and even gambling. Utilizing dApps does not necessitate sharing personal information; all that is required is an internet connection. The most significant advantage of dApps is the absence of intermediaries extracting fees or compromising your data. Transactions within dApps occur directly between individuals, ensuring a level of privacy for your activities. (However, there is one exception to this, which will be elaborated on later.)

Many decentralized applications (dApps) with a significant user base operate on various smart contract-based cryptocurrency platforms, primarily Ethereum and Binance Smart Chain. Also, Solana is very active in this niche. These cryptocurrencies derive value from their utility in facilitating transactions and executing smart contracts rather than solely as a store of value. 

Transaction fees on these networks are paid in the native cryptocurrency of the respective platform, such as ETH for Ethereum, BNB for Binance Smart Chain, and SOL for Solana. To maintain a sufficient supply of cryptocurrency for transaction fees, most smart contract cryptocurrencies do not have a maximum supply. Instead, they implement annual inflation schedules that can range into double digits under certain conditions.

If there are sufficient dApp users purchasing the coin to cover the necessary fees, the act of ‘printing coins’ is typically not an issue. This leads me to the main benefit of smart contract cryptocurrencies: their worth is connected to the scale and acceptance of the dApp and token ecosystems established on their blockchains. Despite Ethereum and the Binance smart chain having only a few million users, ETH and BNB had market capitalizations in the hundreds of billions. And SOL is not far behind them. 

The adoption of smart contract cryptocurrencies could significantly increase market caps for associated coins, reaching trillions of dollars by the end of the decade. However, the main drawback of smart contract cryptos is the uncertainty of which one will emerge as the winner. The competition in this category is fierce, with new projects entering the market regularly. Unless you have the means to invest in all of them, it is crucial to conduct thorough research before making any decisions.

Image source: Researchgate

Oracle Cryptos

Oracle cryptocurrencies facilitate the integration of real-world data into smart contract blockchains, enabling decentralized applications to access and utilize external information. In centralized systems, applications rely on APIs provided by external entities to obtain data such as weather or pricing information. Similarly, smart contracts require access to real-world data to execute practical tasks. This is where Oracle cryptocurrencies come in, providing a decentralized means of sourcing and verifying data for blockchain-based applications.

Oracle cryptocurrencies differ from data feeds like APIs by offering decentralized data feeds. Typically, multiple individuals or institutions will tell an oracle crypto the price of a particular item, and the oracle calculates an average of their responses. Similar to smart contract cryptocurrency coins, oracle crypto tokens are required to pay for the fees to cover the costs of obtaining this data.

Despite Chainlink currently holding the top position and being widely used as an Oracle cryptocurrency, around twelve other Oracle cryptos exist, including Band Protocol and API3. The main benefit of Oracle cryptos lies in the increasing number of smart contract cryptocurrency dApps and users. The demand for their tokens is also expected to rise. However, a significant drawback of these oracle cryptos is that most have allocated substantial portions of their pre-mined token supplies to their teams and private investors.

Consequently, if the prices of these cryptocurrencies increase, it creates a strong motivation for teams and private investors to sell, preventing the price from reaching higher levels. Additionally, many smart contract cryptocurrencies rely on multiple oracles to provide data for their decentralized applications, and specific cryptocurrencies, such as Cardano, have chosen to develop their own decentralized data oracles. As a result, this decreases the demand for any individual Oracle cryptocurrency.

Image source: Howmuch.net

Payment Cryptos

Payment cryptocurrencies, which belong to the third classification of virtual currencies, aim to substitute the existing payment systems currently in use. In some instances, these payment cryptos utilize smart contract technology. If you have ever made an international money transfer, you know its exorbitant costs and sluggishness. For business owners, the substantial fees charged by payment processors such as Visa, Mastercard, and PayPal per transaction are for business owners well known. 

Those who have experienced payment problems are also familiar with the numerous hurdles one must overcome when resolving issues with their bank. Additionally, many of us pay monthly fees simply to maintain a bank account or credit card. Irrespective of the circumstances, whenever money is involved, an intermediary takes a portion, causing delays and introducing complexities to processes that would otherwise be straightforward.

Payment cryptocurrencies enable swift transaction settlements and significantly reduce costs compared to using an antiquated payment network that takes several days to finalize transactions. Furthermore, similar to other cryptocurrencies, you can securely store payment-oriented coins or tokens in your personal wallet, eliminating the need to depend on a bank for fund storage. This also removes concerns regarding unauthorized access to your bank account or restrictions on incoming and outgoing payments.

Cryptocurrencies optimized for payments like Bitcoin Cash, Dash, Telcoin, and Solana have gained popularity due to their sophisticated smart contracts and dApp ecosystems centered around payment systems. These cryptocurrencies boast the highest potential for widespread adoption, targeting the largest and most profitable market globally. 

Dash has already achieved significant usage in Argentina for everyday payments, while Telcoin has made strides in offering affordable remittance services. Solana has been of particular interest in the payments niche as it's becoming clear that its technical capabilities are suitable for these applications. Recently, Visa joined the Solana ecosystem designed to offer high-speed performance, expanding its stablecoin settlement capabilities with the USDC stablecoin and furthering its core business with things like cross-border payments and using crypto for one of its core use cases.

The principal drawback of cryptocurrencies, except for stablecoins, designed for payment purposes, is that it is highly improbable that they will supersede traditional currencies in the near future. This is primarily because the value of these cryptocurrencies is often unstable. Additionally, governments have demonstrated a willingness to intervene and restrict their use for payment purposes.

Image source: Investing.com

Privacy Cryptos

Privacy cryptos, also known as privacy coins, constitute the fourth classification of cryptocurrencies. These types of cryptos aim to safeguard users' privacy during transactions and while utilizing decentralized applications (dApps). It is a common misconception that cryptocurrency transactions are inherently private. However, as mentioned earlier, most cryptocurrency blockchains are publicly accessible, enabling anyone to observe transactions as they occur in real-time. Although an individual's identity is not initially linked to their cryptocurrency wallet address, it is still feasible for others to determine which addresses belong to them.

This holds particularly true if you utilized a platform or trading service that demanded your personal details for buying cryptocurrency. Your identity can readily be associated with your digital wallets in transactions. It is plausible that you are perfectly fine with this and believe that all transactions should be completely open and confirmable by anyone. However, companies and affluent individuals hold a contrasting viewpoint. The very last thing they desire is for others to see the extent of wealth stored in their cryptocurrency wallets.

Furthermore, as an individual utilizing cryptocurrency dApps, it is highly likely that you desire a high level of privacy for your data. Privacy cryptocurrencies aim to tackle these concerns and come in various forms and options. For instance, Secret Network enables the development of dApps that prioritize privacy.

Specific cryptocurrencies, like Monaro and Zcash, prioritize confidential transactions and employ top-notch privacy mechanisms that are supposedly impervious to government surveillance. Another privacy-focused cryptocurrency, Haven Protocol, takes it a step further by enabling the generation of virtual fiat currencies, cryptocurrencies, and precious metals, thereby creating a virtually untraceable offshore bank account.

Privacy cryptocurrencies have a significant edge due to their robust design and durable structure. Most have had a fair and transparent launch without any pre-mining or favoritism towards private investors. Using Monero's XMR coin as an illustration, it shares similar store of value properties with BTC and can be transacted as quickly and as cheaply as most payment cryptocurrencies.

Monero also employs a unique mining algorithm known as RandomX, which prevents specialized computers from mining XMR. This feature enhances Monero's decentralization by allowing anyone to participate in mining XMR.

One of the main drawbacks of privacy cryptocurrencies is that regulators often single them out due to their association with illegal activities, or at least that is the primary reason given. Consequently, privacy coins are frequently removed from cryptocurrency exchanges, making them difficult to obtain and hindering their potential for price appreciation.

Decentralized exchanges like THORChain provide a means to trade privacy-focused cryptocurrencies, such as Monero and Haven, without relying on a centralized platform. Notably, some privacy-centric cryptocurrencies have been developed with regulatory compliance in mind, allowing users to demonstrate their wallet balance and transaction history to regulatory authorities upon request, thanks to sophisticated cryptographic techniques.

Image source: Binance Square

Exchange Tokens

Cryptocurrencies, known as exchange tokens, fall into the fifth category. These tokens are owned and controlled by the cryptocurrency exchanges they are associated with. Exchange tokens can be seen as a mix of a membership subscription and company shares. Similar to a subscription, they offer various benefits, such as discounts on trading fees and exclusive access to early coin and token sales. However, like company stock, the value of exchange tokens is influenced by the popularity of the exchange they are connected to.

The reason for this is that nearly all exchanges buy back and burn a portion of their circulating exchange tokens using a fraction of the trading fees they collect. Buying back raises the price, while the burn reduces the overall supply, resulting in a cryptocurrency token that appreciates in worth as time passes. Additionally, certain exchanges like Binance have developed smart contract cryptocurrency networks that necessitate using their exchange tokens, creating an additional source of demand for these tokens.

The main benefit of exchange tokens is their strong potential for price appreciation. On the other hand, exchange tokens have a slower growth rate than other cryptocurrencies, nor are they guaranteed. As the influence of cryptocurrency exchanges continues to grow, regulators are gradually beginning to resist. It has been observed that a single unfavorable announcement regarding an exchange can result in a significant decline in its token value.

Meme Coins

Another type of cryptocurrency is meme coins. These digital currencies often lack a clear purpose or practical application, and their main appeal is based on hype and the promise of financial gain. In reality, if someone tried to sell you on the idea of becoming a millionaire by investing a few hundred dollars, you'd likely recognize it as a dubious proposition.

Interestingly, this apparent impossibility inexplicably becomes achievable when the identical concept is expressed for cryptocurrency. This could be attributed to the fact that novice cryptocurrency investors may not comprehend the connection between a meme coin's market capitalization, supply, and value in dollars. For instance, a single Shiba Inu token is priced at approximately 1/1000th of a cent. Without considering the market capitalization, one might think that if they invest a mere few hundred dollars into Shiba and its value rises to one dollar, they would become multi-millionaires.

Screenshot: Coingecko

The primary challenge with Shiba Inu's valuation is that its market capitalization is already in the billions, owing to its considerable circulating supply of 590 trillion and maximum supply of over 999 trillion, even after factoring in perpetual burns. Consequently, for Shiba Inu's price to reach $1, it would require an investment of over four times the total amount of money in existence, which seems unrealistic.

A large number of the meme coins that have emerged in recent months share a common characteristic: they have enormous supplies, which makes it unlikely that they will reach a value of one dollar in the near future. If you are considering the possibility that these coins have deflationary properties or unique economic mechanisms that will drive up their price, take a moment to reflect on the true purpose and potential outcome of these meme coins.

A common viewpoint is that none of these meme coins genuinely intend to provide useful functions for their community. The main objective behind most meme coins is to benefit their creators financially. While some individuals may choose to take a chance on them, the risk often outweighs the potential benefits.

Having said that, due to its unique origins and features, Dogecoin stands out among other meme coins. It was created as a lighthearted joke, and its survival during the last bear market can be attributed to its ability to be 'merged mined' with Litecoin at no extra cost.

Meme coins may provide an opportunity for rapid profit, but their volatility means the potential for loss is equally high. The unpredictability of pump and dump schemes makes it challenging to turn a profit, as the likelihood of being left with losses when the dust settles is significant. Meme coins are notoriously susceptible to manipulation and are the most manipulated cryptocurrencies on the market, with their prices often being artificially inflated and then suddenly collapsing. It makes the price manipulation of Bitcoin seem insignificant in comparison.

Image: Markethive

In Closing

Grasping the various forms of cryptocurrency and their potential applications is crucial. Projects that have pioneered a specific field, offering genuine utility to the broader community, have a distinct edge. By continuously adapting and staying up-to-date with technology, being a first mover enables a project to gain a significant portion of the market and avoid the negative consequences of oversaturation.

In terms of being a pioneer, Markethive belongs to the category of first movers, offering a wide range of practical applications. This raises the question of where Hivecoin (HVC) fits in among other cryptocurrencies. All of this and more will be disclosed in the upcoming article.

This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Tim Moseley