It's been another exciting week in crypto. After my previous Actifit Report and Update, the price of Hive reached over 40 cents. However, within 2 hours it dropped down to 35 cents. This sort of pump and dump is quite common in the crypto world. A few people would have made a nice profit if they sold at 40+ cents. After the dump, the whole crypto market took a downward turn. Hive still looks quite healthy at just above 20 cents. This is another opportunity to buy before the price climbs much higher. I am still optimistic that Hive will make it above $1 before the end of the year. I think even above $2 is possible. We need a good price before the next major bear market.
In regards to my activity, I did some shopping yesterday. I went to a few smaller supermarkets to get what I needed. I avoided the bigger supermarkets as I don't like the Covid-19 restrictions they currently have implemented. After that, I took Mango the dog for a walk at the lake. The weather was fine. Today, it has been raining for several hours. I think I'll do some exercise in the house.
Since my previous Actifit Report and Update, I have posted twice. In the first post, I discussed the possibility of blockchain based virtual shopping hubs. Virtual shopping hubs enable people to shop from home but in a more interactive manner than visiting shops' individual websites. People could be able to explore many different shops on one application. They could have direct contact with shops or compare similar products from several different shops in the hub. The blockchain could greatly enhance the shopping experience. It would enable the use of a single currency for shops from different countries. It would make use of a common database (blockchain) for many different virtual shopping hubs. It would enable small businesses to reach a much larger market and allow them to be more competitive with larger businesses.
In my other post, I generated the selling prices for my 'Buying and Selling Game' as well as announced the winner. This time only 3 people entered. Amazingly, all three participants made a loss. So the winner was the participant with the smallest loss. I included some additional information in the post explaining how participants can make higher profits thus have a better chance of winning. Hopefully, in the next contest, the winner can make a healthy profit. The prize will remain at 30 Hive. This will not change regardless of any price movements. The next contest should be in a few weeks time.
That wraps up this Actifit Report and Update. I hope everyone has a great week. If you have time, take a look at my blockchain based virtual shopping hubs post. I think such developments could significantly change the way we shop and how businesses operate.