Hive (HIVE) Price Hits $0.40 on Major Exchanges

Hive (HIVE) traded up 1.7% against the U.S. dollar during the 24-hour period ending at 22:00 PM E.T. on June 23rd. One Hive coin can now be bought for about $0.40 or 0.00001889 BTC on major cryptocurrency exchanges. In the last seven days, Hive has traded 10.9% higher against the U.S. dollar. Hive has a market cap of $178.18 million and $6.12 million worth of Hive was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed in the last day:

  • TRON (TRX) traded 0.3% higher against the dollar and now trades at $0.0642 or 0.00000305 BTC.
  • WAX (WAXP) traded up 4.3% against the dollar and now trades at $0.0947 or 0.00000450 BTC.
  • Velas (VLX) traded 3.7% higher against the dollar and now trades at $0.0448 or 0.00000213 BTC.
  • GXChain (GXC) traded up 8.2% against the dollar and now trades at $0.46 or 0.00002204 BTC.
  • FIO Protocol (FIO) traded 2.4% higher against the dollar and now trades at $0.0397 or 0.00000189 BTC.
  • Credit Tag Chain (CTC) traded flat against the dollar and now trades at $0.18 or 0.00000507 BTC.
  • 0Chain (ZCN) traded 11.4% higher against the dollar and now trades at $0.15 or 0.00000693 BTC.
  • Qredit (XQR) traded flat against the dollar and now trades at $0.0060 or 0.00000019 BTC.
  • Metaverse Dualchain Network Architecture (DNA) traded 3.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Centric Cash (CNS) traded flat against the dollar and now trades at $0.0003 or 0.00000001 BTC.

Hive Profile

Hive is a DPoS/PoB coin that uses the

Delegated Proof-of-Stake

hashing algorithm. Its genesis date was January 26th, 2018. Hive’s total supply is 448,372,666 coins. Hive’s official website is hive.io. Hive’s official Twitter account is @blockhive_ee and its Facebook page is accessible here. Hive’s official message board is peakd.com/@hiveio. The Reddit community for Hive is https://reddit.com/r/hiveblocks and the currency’s Github account can be viewed here.

According to CryptoCompare, “Hive is an open-source blockchain, forged in years of development to bring Web 3.0 to the world. With a diverse community of stakeholders and without controlling bad actors, individuals can experience true ownership in a decentralized blockchain & cryptocurrency. Hive distributes the new coins based on the Proof of Brain mechanism (PoB). Although it also distributes it to the stake holders trough curation and staking rewards so it’s a bit of hybrid, DPoS/PoB. Hive was created as an independent and decentralized fork of the Steem blockchain. The Hive network comes with two classes of cryptocurrency assets named HIVE and Hive Backed Dollars (HBD). Moreover, HIVE exists both under a liquid form (simply called HIVE) and a staked form (called Hive Power). HIVE is the liquid currency of the Hive ecosystem. “

Buying and Selling Hive

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

Receive News & Updates for Hive Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Hive and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.