These days I am more bullish on HIVE than I have ever been in the past as one just has to look at the volume on what as to be considered a quiet day for HIVE. The $100 plus million in daily volume is nearly 60% of HIVE's total market cap.
The last 14 days has seen HIVE rise by more than 60% and is roughly the same time period where we saw all the new listings for HIVE paired with USDT for futures trading. What we have seen is HIVE is becoming the go to crypto for trading when the markets are very quiet and we saw this playout the other day with HIVE staying green and the majority of the market in the red.
All this has done is made HIVE more volatile than most crypto and this has attracted loads of attention due to the profits that can be made very quickly. I am sure there must be far more crypto investors holding HIVE these days than there were 2 weeks ago. Knowing if you buy HIVE at $0.30c or $0.35c and within a short period of time can almost guarantee a 20 or 30% profit due to these regular price spikes/pumps.
HIVE has always been a difficult crypto to read as in the past it generally used to lag the market and not automatically rise when other cryptos were flying. This I feel is very different now as HIVE is not under the radar any more and the market has been turning to HIVE to make profits. This change is very bullish for HIVE and why this cycle any number is possible and I do expect a new ATH to be achieved at some point this year. Sometimes you cannot plan for such events and they just happen and this organically on it's own beats any type of marketing or promotions.
At one stage there was the worrying talk of possibly HIVE losing it's status on the CEX's and why DEX's were seen as the future. This move placing HIVE in the futures markets will cement HIVE's future as CEX's will not want to miss out on the extra profits HIVE now is generating for these exchanges. I don't think anyone saw this coming and we can thank the South Korean community for doing the regular pumps with HIVE which we have become accustomed to.
We are so fortunate having the internal market which we can take advantage of these price spikes and ride this all the way until the peak of the cycle whenever that might be. In crypto the dream is we can always expect the unexpected and for all of us on HIVE we can be living the dream in the not so distant future.
Posted Using InLeo Alpha
well, a 10x from here would be a nice amount for you, over half a million...
Yes it would be a nice number that would help boost the next cycle.
Its starting to look more promising, Yes. @hatoto also achieved a new listing for HIVE at the European Exchange Bitpanda. I am still sticking to my Target area of $1-2 but HIVE might surprise us…🤷🏼♂️😇
I think you are way off and expect a new ATH late this year. A $2 can happen long before the peak of the cycle just by these mini pumps.
Wouldn‘t mind at all if HIVE really goes beyond those $3.41 we saw 2021. 😅👍🏻
ATH might be a bit ambitious..
I don't think so and do think the extra exchanges HIVE now has will see the ATH comfortably passed.
You know that's like $3 and some change right..
$3.41 yes.
It is surprising that the daily volume has increased so much despite not much price fluctuation. The opening of margin market trading on Binance has had a big impact.
@tipu curate
Upvoted 👌 (Mana: 44/64) Liquid rewards.
#Hive road $1 coming soon
Hive hit over 50 cents today which is impressive. I was hoping it would stay lower a little while longer in order for me to accumulate more, but I guess I should be happy that price is rising and HIVE visibility is increasing. Hope to see HIVE on Coinbase some day :)
As of the moment, its at $0.49 :)