In my opinion I guess there is no amusement for Hive right now so the chances are very less for it to go high. For the past few weeks I have been observing the trend and it looks like the price of Hive has just gone down and still slowly going down. As far as I see the trend will still be in that direction only unless we have some FOMO among the investors.
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All we really need is for bitcoin to go up like crazy. Bitcoin is the king of the market, when it goes up it takes everything with it, everything which has some inherent value anyway. I believe Hive has value!
I'm not sure if that theory would work for Hive because when there was a huge pump last time, nothing happened with Steem. So, again even if bitcoin pumps to around 15k, I doubt it would take Hive price any further. But anything can happen in the crypto world. 😀
Right.
While most of the market is rising quickly, Hive is slowly losing value.
As I said, I am not an expert to predict what's gonna happen in future, I had observed such flat charts before and they most likely make a strong move upwards or downwards.
As the market is rising, I just had a feeling that Hive might follow.
Yes, the charts are absolutely flat on Bittrex and especially USDT-HIVE and USD-HIVE pair. Hardly less than 5 trades happen in a day.