HIVE price is rallying and more than double its value during the last 48 hours.
While this is certainly very good for everyone, we need to keep in mind why this rally is happening, in order to build a good strategy to profit as much as we can.
The price is rising so much because of the HUOBI hive listing, and the promotion they are launching in to attract traders to use their platform.
Here the link of the promotion.
To resume:
To celebrate the listing of HIVE, Huobi Global will launch the “Deposit HIVE on Huobi Global to Share 100,000 HIVE!” promotion.
Promotion Period: 14:00 23rd April to 14:00 28th April 2020 (GMT+8)
How it works:
Top 100 HIVE Net Deposit users with HIVE Net Deposit Volume > 5,000HIVE during promotion period can each receive 1,000 HIVE. Only users who have completed ID verification can receive the award.
Top100 ranking is measured by HIVE Net Deposit Volume, whereby:
HIVE Net Deposit Volume = HIVE Deposit Volume - HIVE Withdrawal Volume
So we need to keep in mind the 28th of this month as the dead line of this promotion, and be attentive to what is going to happen later once the airdrop is done.
What goes up, comes down. That's what will happen after the airdrop.
the question is: It will be brutal as it rised or a bit softer?