That’s a good question well we will never really know but my theory is that alt coin season only kicks off when people feel Bitcoin is seriously overbought the last run a Bitcoin 4-5x’d before Alts started to kick off as investors now started to look for coins they felt are”cheaper”
most retail investors use data aggregotors to decide and invest in the ones with the largest market caps first and then move their way down of which hive has a really tiny market cap at 50mil or so it should eventually get its moment in the sun
As for SBD since the tron intergreation hype steem had a pump and for some reason people started bidding up the price of SBD no rational reason I can think of to be honest with you but then again these markets are hardly ever rational
That’s a good question well we will never really know but my theory is that alt coin season only kicks off when people feel Bitcoin is seriously overbought the last run a Bitcoin 4-5x’d before Alts started to kick off as investors now started to look for coins they felt are”cheaper”
most retail investors use data aggregotors to decide and invest in the ones with the largest market caps first and then move their way down of which hive has a really tiny market cap at 50mil or so it should eventually get its moment in the sun
As for SBD since the tron intergreation hype steem had a pump and for some reason people started bidding up the price of SBD no rational reason I can think of to be honest with you but then again these markets are hardly ever rational
I understand now. It seems that nobody's buying Hive then.
Sounds like Crypto religion.