It's 7 pm, here on the West Coast of the US and Hive is experiencing a hell of a candle. Went from $.60 USD this morning to $1.04 as I type this post.
Of course I always get curious where the volume is at and this time, it's a little different.
For the first time ever during a pump, I'm surprised by the results. Most of the volume is always on Upbit, but as you can see nothing out of the ordinary low to moderate volume there. Instead we see Binance and some other exchanges are experiencing the high vol.
Meanwhile, moved by the price of Hive we also see Leo with a nice pump, currently sitting at $.46
In any case nice to see some action, we shall see what the sell pressure does..
Stay tuned.
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That was a good pump wasn't it?
Up almost 70% in the last 24 hours.
Yep, heck of a nice pump
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Leo order book looking a bit thin. :/ Its 3AM here in the UK this action has me up late. Good job i dont have a job :D
Yeah I've also noticed Leo supply is changing again!
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Hives a funny little token it moves so damn fast! Even though we are having this massive pump it's so quick and it's often in bursts. You'll get a pump of 20 cents and then a slow trickle down about 10 cents and then another pump of 20 cents give or take a few cents but it's interesting to watch.
I'm curious what causes that though. Are we seeing HBD bot kick in and buying up even more hive or is it just something else and normal trading?
LEO had a good run but it was even faster. That thing bottomed out again rather quickly sadly was hoping it would hold a bit longer. In any case though to me the decline in price to me made it a VERY smart buy to pick up massive amounts of new LEO (which I did covert some over on to CUB as I'm building a new stake there)
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Nice! I'm aggressively back filling the Leo I sold for Cub.
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Let's see the pullback that is coming after 🙂
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LOL, so true.
FYI
LOL, sheesh. Thanks for letting me know and good to see you
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It's astonishing to see these results, I mean, I know hive was going to moon, but it feels like it did rather quicker. Probably some corrections, here and there? Later?
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Oh, I'm sure it will correct some after a move like that, but it's still churning, so keep an eye on it.
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Exactly, it's exciting hopefully it'll hold to some extent.
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it show how little money needed to move up. Splinterlands cards the same.
IMO it will not end up like the last time we see 0,1$ again. If, I would be a whale. But I don't think it will be :)
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There is a compounding effect that is quite powerful for sure.
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depending on users, there will be always a solid bottom line. i think if the active user would have some higher x factor, hive would not necessarily depend on a bullrun.
Simple because there are fiat gateways like splinterlands.
I could be wrong, because to bullish on hive. But yeah that's part of the game. If I'm wrong ( and nothing dramatic happens) i will buy a much larger stake if the price should drop massive :D
I wrote off Hive ever being a big hit quite a while ago, doesn't mean I don't love it.. I just see it as a quieter project.
I will tell you recently, I've seen some changes that "could" change that.
Changes for the better: A calmer culture, some whales powering down for better distribution. Less bernie style hounded of users. The maturing of Splinterlands and other projects. People really enjoying tribes.
It's just going to be really hard with this amount of competition to get break out level attention, when with the exception of Lordbutterfly there is almost no outreach happening for users or developers. Time will tell.
It is the strongest it's ever been though, so.. Who knows.
IMO if hive become the gas/gov token without the reward mechanic on posts (because the average user will always feel it "unfair") + a strong stable coin ( also with some changes), hive can become top 10 IMO.
Depending on the future development, I think it could make a move like ETH in the early days.
In general, I see so many randoms buy BTC/ETH and will never use it. That's different on hive. And for no "real" marketing, decentralize building I think we run not bad :)
So much of Upbit is wash trading. I don’t put much faith in their reported volume. 200%+ of market cap trading on one exchange in a 24-hour period?
They always have the highest volume, I'm not sure why, but also the exchange does a lot of hbd to hive conversions even on the internal market.
I don't know what to think of it, but on this pump, it was coming from Binance as an outlier to normal patterns.
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I think this is the first time that hive went high because not long ago it barely reached $1. I wonder what's going on now.
Just a little interest in Hive I guess
@whatsup,
I feel Korean community is looking to join HIVE instead of STEEM Sh!t. It's a good sign or either they are going to play Monsters ;) Enjoy!
Cheers~
Monsters mostly it seems
That is perfect the only thing that made me a bit confused is leo price which is dropped against hive
Leo pump do not withstand long with hive pump
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I hope this is a good sign @whatsup
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