Things Are Heating Up Nicely For HIVE
Normally you have to hunt for HIVE on Crypto Bubbles, but lately HIVE has been standing out for all the right reasons with upward price movements. Even on he yearly we are doing great considering were we were during the last bull cycle. We neve really saw price growth like this every few weeks and IVE as always been a late bloomer. This is very different as HIVE is now one of the crypto's getting attention on a regular basis.
One ha to consider tis has all happened within the last month ever since HIVE
was added as a futures trade on exchanges. If you think about it realistically HIVE has not had much else going for it besides the normal and this would not spark the interest we have seen now. Crypto investors do not generally do any research and it is more about which coin is pumping and can I make profit.
If you look at the top 100 coins by trading volume HIVE currently sits in 10th spot with 3 of the top 10 being stable coins so HIVE is doing extremely well and is definitely catching everyone's attention.
The one downside is HBD has lost it's peg and is currently at $1.18 which is not great for internal conversions and is a definite worry when we see the peak of the bull cycle later in the year. Still it is performing better than SBD which is sitting on $3.28, but they are not paying a small fortune to keep it's peg. Surely there has to be a better option than what we currently have as 18c over is literally 18% off the peg and this is not a stable coin like we keep on telling everyone. If you were a business you would seriously question using this because stability is what you require.
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Lost peg again and I cannot recall how much HIVE funds this to remain stable, but it is a shed load of HIVE.
The problem with the HBD being off the peg is that the internal price does not really reflect the market price and will force the likes off myself to move HIVE to the exchanges and then move into USDT before coming back to HIVE. I wanted to stay internally and not have to move using exchanges, but this is showing this may not be possible. Any thoughts of what to do as I seriously would like to remain on HIVE throughout the cycle and not move in and out using external exchanges.
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I have the same problem trying to find decent solutions on Hive instead of on CEXes during the pumps. Not great so far.
No it is not great and I think this has highlighted that I need to change my plan and involve CEX's from now on which was never the original plan. These pumps are going to be regular occurrences and making 25-40% is what is on offer each time so in order to benefit you cannot sit around hoping the internal market is active and the same price as externally which it is not because of HBD losing it's peg each time.
Very good and bullish day for HIVE. If we See some more of those I will have to adjust my bullrun Target. 😋
Wouldn‘t mind but am staying cautious until we sustainably break the $1.00-1.20 resistance.
It's nice that you have that option to move it to an exchange like that. We don't in the US and it kind of sucks.
I thought a shit ton of HIVE was going to the Hive Stabilizer DHF proposal to keep HBD pegged at $1.00
We will need to investigate further to see what can be done to keep it pegged.
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Time to work extra hard and get ready! Need to flip a decent bag of Hive this time.... to get ready for the time after that!
Hopefully this will result in Hive being more available on US exchanges and in more press coverage.