$0.37
1H
10.9%$0.0370
24H
6.60%$0.0232
7D
19.7%$0.0618
30D
-12.7%$0.0546
Hive is a Graphene-based social blockchain with the core idea of decentralization. Hive’s prime selling points are its true decentralization, speed and scalability. Other notable features include it having the lowest entry-barrier for user adoption in the market, time delay security, integrated token allocation, and the upcoming Smart Media Token integration. It is an ideal building location for a variety of innovative projects focused on a broad range of fields, from open source development to social games. Hive aims to be the preferred blockchain for dApp development.
Hive said that it will move all its GPU arsenal of 38,000 Nvidia GPUs to power cloud technology that hosts advanced AI tools through its new service dubbed HIVE Cloud.
Several crypto stocks saw considerable increases in value while others dropped, as the 2023 Bitcoin price rally continued.
The price of Bitcoin climbed higher on Monday raising hopes for a rally in 2023, and taking several crypto stocks along with it.
Hive said that they would deploy their GPU miners to mine other Proof-of-Work cryptocurrencies. The company said that it is well-positioned to navigate the market ahead.
The increased revenue and earnings inflow HIVE blockchain reported in its Q1 ended June 30 might have been boosted by the incessant crackdown on mining activities by Chinese authorities.