The Leading SoFi Platform
There’s no doubt that Hive is the number one SoFi platform out there. Arena, on the Avalanche chain, comes in second. However, Hive continues to dominate the space despite its native token, HIVE, being heavily oversold along with many other altcoins. HIVE is currently trading at $0.10, which is its lowest evaluation ever. Hive OGs have taken a serious knock. However, for newcomers, it’s a great opportunity.
You may earn more in dollar terms when the price of HIVE is a lot higher. However, your chances of earning more HIVE are a lot higher when the price is low. This may sound counterintuitive to some. However, long-term users benefit from times like these. If I had excess capital, HIVE would be one of the tokens I would acquire, simply due to its long-term benefits. Having a decent voting weight definitely helps.
The more HIVE you stake (power up), the greater your voting weight and influence become on the platform. The investment of time can and does result in more HIVE and HP. However, acquiring some cheap tokens helps in gaining the necessary traction every new user requires. I have been writing on Hive for five years and can attest to the difficulty in getting started.
You Can’t Escape It
Whether you like it or not, Crypto has become a long-term game. Quick and scheduled cyclical gains are over. Projects that work and have much-needed use cases secure a seat at the table. Everything else will devalue over time. On the other hand, solid projects will appreciate over time. Many altcoins are sitting at all-time lows. It’s a bitter pill to swallow.
Hive is great because you can allocate an initial investment and then build from there. That’s the beauty of SoFi. I know many WEB3 and SoFi enthusiasts must be deeply disappointed. However, SoFi still has potential. Platforms like Hive can still be viable to the committed and connected.
Unfortunately, Hive is a long-term grind. There’s no way around it; you have to do your time and put in the hours. Yes, article rewards have taken a serious knock. It’s not easy to go from $18 per post to $3. It’s soul-destroying, but what else can you do but continue? Eventually, the tide turns, and your work gains value. It does take time, though.
Final Thoughts
Regardless of whether you utilize WEB3 or WEB2 SoFi platforms, earnings are down across the board. Newcomers have the benefit of gaining a meaningful start with a small investment. However, for the rest of us, we continue. One can always purchase cheap HIVE to bolster one’s account. This is not investment advice. However, these views may add value. All the best, see you next time!
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