Millions of hive changing hands to chase 100k hive. Seems like madness! 100k hive could be had for 2 BTC just a couple of weeks ago. That being said, it's fun to think about the material equivalent of my powered up holdings, but I am highly skeptical there is any fundamental basis behind this move. I could be wrong, Hive could be the canary in the coal mine of the next epic crypto bull run. Either way, my outlook hasn't changed fundamentally, so sitting on my hands seems to be the best move for a non-trader such as myself.
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Well Josh, financial markets are always madness. Crypto even more so. There is no basis for the move other that Huobi. To a large SE Asian community, gamification of financial instruments is a tested and tried approach that typically works. Huobi knows this exceptionally well.