The obligatory Hive Price Post
Some of you might not of noticed Hive's sudden price change over the last few days and due to a shortage of posts on the topic, I thought someone should communicate the changes and what they mean.
(that's sarcasm, of course the community is excited about the pump)
At the time of this post Hive is sitting at $2.19, with low volume trading and most of the activity coming from Asia on Upbit, and the price is holding with a slight downward trend after yesterday's wild pump activity.
Clearly the pump was a bit different from our standard pump and dumps of high volume only on Upbit and a quick pump followed by a quick dump. I could still see some consolidation being reasonable. I do expect the $2.00 ish trend to hold for a bit.
Per usual most of the volume is with the Korean KRW, on Upbit, but we are seeing solid trading volume on other exchanges as well. I see the fact that it is holding here as a good sign of being able to enjoy higher prices for the near future anyway, barring a sudden or deep drop in Bitcoin.
When Hive isn't moving quickly it tends to trend very slowly down.
Only time will tell if the new Hive holders will just use the Hive to trade or use apps or if the new owners will power up to participate in governance or on one of the Social Media apps.
Currently about 59% of the Hive supply is liquid, but I don't think that is a bad thing, as there is much more to do with Hive beyond the Governance and Rewards piece, but it also allows for more volatile price swings.
@clayboyn called it in advance.
Another interesting change will be the amount of HBD that will be printed for reward payouts. With the price of Hive being higher than HBD more will have to be printed to keep up with the higher USD value of posts and in general that should be good for the peg.
Personally I haven't been holding a lot of liquid Hive, so other than being excited about future growth and the marketing edge a higher price holds, it is not a big change, but you can't help but to be excited for the home team and it looks like as long as Bitcoin holds pretty well, I see the new price range nearish to $2 more than just a quick pump.
What are you expecting?
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IMO the obvious floor is $1.50 at the moment. Very possible we never get back to the floor because of the double airdrop coming in 5 weeks. People go apeshit over airdrops; I wouldn't bet against Hive till at least Jan 6th.
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I can't imagine a lot of people are selling here, but then again.. :) Who knows.
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1.6 would be 200 MA
as of right now, looks weak and 2 dollar will break. Monday is going to be a red day. For how long nobody knows but there is going to be a reaction across the board to omnicron.
I had the same thoughts but I ended up being pleasantly surprised when checking the HIVE USD price today.
If there is good strength and Hive gets into the top 100, i dont see why Hive cannot end up on Coinbase. This is what markets a product, exposure. Then reward Coinbase with some Hive as a per to earn and the normies might see the light and get excited. Decentral social media has not really had its time in the limelight yet. But the Metaverse hype is going to take hold and it could take Hive with it. Life has taught me that when i get super excited about stuff like Hive previously Steemit, it just takes longer than i expect for the sheeple to catch on.
Coinbase listing would be amazing. Still the momentum is growing with out it. Even I want to fomo back in
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Coinbase does In my opinion mostly insider listings. I don't think hive would fit their pump and dump scheme ( from past listings).
Coinbase is non political, they list anything which is neutral, no drama no politics involved. Hive fits into the model.
That's not an accurate assessment.
Crypto IS political. Otherwise, Brian wouldn't be tweeting about it in regulatory context.
Heres what he said. 'Cryptocurrency itself is inherently political, as it’s aimed at changing the financial system. Coinbase’s stance is not to be “apolitical” in a purist sense, but to limit political activism to issues specifically related to crypto, said Armstrong in response to Dorsey’s'
I didnt say crypto wasnt political, i said Coinbase is more interested in leaving politics out of its business. Hive has little politics other than the hard fork and is decentralised as much as any chain really. It is a community project.
I think he meant it more as taking sides or endorsing parties.
There's no way to not be in politics, especially when your financial products either fly or crash based on regulations.
I remember massive insider deals in the past.
mmm maybe, i dont see any reason why it cant be on coinbase at some point. Its decentralisation, as raw as it gets.
That is for sure.
I agree with you, 2$ seems a good and stable ground...for the moment
It actually took a little move up when the Asians woke up. I think we do fine here for a while.
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I'll be more than happy with it holding at $2. Higher reward payouts will get attention.
It's holding a bit above, so.. Hopefully that's exactly what we get.
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I was gonna say, there's ample posts lol sarcasm is key to know! 🤣
If we held at this level, that would be interesting. I think if we have gotten this far I don't think we will dip below 2$ for a while, considering the coming 4 airdrops and stuff.
Yeah, there are too many reasons to hold right now.
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Yeah for sure! I know I'm not doing anything foolish outside of spending my HBD for Splinterlands assets lol
Completely off topic and I don't blame you if you don't want to answer or talk about it but how is your husband doing? I remember he was having some health issues a year ago or so but don't remember if I've seen anything around that! Hope he's doing well!
He is doing well. He was given a very grim outlook in Aug 2020, with Stage 4 cancer and told he'd be on Chemo for the rest of his life.
His last chemo treatment was 1 year ago this week. He's feeling better now and starting to gain a little strength back. He went back to work about 2 months ago after a year off and we couldn't be happier - we did a mixed bag of traditional medicine and off label drugs, diet and health remedies, we threw everything we could at it.
His last 2 scans have been cancer free. They say it will come back, but we say.. We will continue to support health and plan on him living. :)
Thank you so much for asking.
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That’s wonderful news to hear! I’m happy for you both! I think that worked well for him so that’s awesome to hear. It’s good to take things one step at a time but also heal and repair the body while it’s undergoing stuff like that. Fingers crossed that the subsequent scans come back clean as well!
I’m sure he’s happy to be back to work and getting his mind focused on something else. It will be present for sure as a thought but being able to do something like work is huge, I bet that was a good confidence boost for him!
I think there are so many new projects on the horizon that the short term price doesn't even matter.
For instance, which do you think was responsible for the increase in price? - Was it due to Hive-Fest, Punks on Hive, the return of @gonzo...
Or do you think it was a combination of all three?
The return of @gonzo is my pick!
Well, I hadn't bought any hive in a while and I did buy some to buy punks!
The closer we get to the SPK airdrop the bigger the pump will be. If HIVE jumps into the TOP 100 on coinmarketpcap then I wouldn't be surprised if the price goes over $5.
Absolutely no one is selling right now.
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If someone is going to sell, they are probably waiting for January-February. We'll see where the HIVE price will be in two or three months.
We tested the $2 level yesterday but the price didn't fall down. We might test it again today and I hope the price will bounce back up again. As you said, this isn't a typical pump and dump and we might see $5 very soon.
From a purely technical standpoint, $2 does not look very stable. We seem to be forming a triangle with a descending top. The more times the bottom gets tested, the more likely it is to fail. The top is falling because the bulls are running out of money. At some point, the bottom will get punctured and the price will fall.
However, the end of the year is approaching soon and the rest of the crypto market is in extreme fear and Bitcoin is about to test the 20-week and 50-week moving average bull market support band. I think it is likely that BTC and the rest of the market will bounce soon. That is bullish for Hive as well.
Technically, it looks bearish and we may test the $1-$1.5 range in the coming weeks. But if the whole market starts moving up soon, then that scenario may get invalidated and the $2 could prove a new floor for a longer time.
Looks like there was even a little up action this afternoon, but I suppose it could go up more.
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I'm ready for make some memes into dreams.
According to coingecko most of the Korean volume has diluted, thus the price of HIVE could hold value pretty well. Maybe even another pump in works... Nevertheless, in the middle of all the numbness of the crypto market, HIVE is a performer.
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We had another little Upbit pump this afternoon, I guess it helps churn out the sellers.
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Well I think it's going to come down from $2 in the coming days. Then probably we will see a bit of stability in its price.
That could totally happen!
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@whatsup! The Hive.Pizza team manually curated this post.Fundamentals are good. So ready for the moon mission!
I suspect we see south of $2.00 USD but we will have a new bottom and when the next run hits a new ATH to look forward to. Its a great time to be a HIVEN.
I think it will consolidate more and can reach to 1.5 level before touching the ATH again.
Seems like a reasonable guess! Let's see what happens.
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I would be happy if it would stay over the $2 mark, but I think it will retrace more until improving once again. This is how the market movements work and the descent might be more abrupt than the rise, even if not with the same velocity.
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I think it will hold because even I am getting used to this price. At first I felt skeptical and felt it was unhealthy because how fast it went up, but since it is holding $2 and it is still under 1 billion USD in mcap I started accepting it
I think it will rise and fall in this range for a bit, but then again.. I could be wrong.
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You could rephrase that to “I think it will rise or fall” so that you can not possibly br wrong wink
Nothing. And that is the best, because I cannot be disappointed that way. I do not even have liquid Hive, and I do not trade it either. I currently hold all my Hive in Hive Power (currently 867.264 Hive), and I am happy to give $0.09 upvotes. But my current voting power is 74.80% ($0.07), because recently I casted a little bit more upvotes (and/or in more amounts) than I should, so I am going to wait for it to recharge to be above 80% again.
lol, haven't we all trashed our voting power sometimes. lol.. It will recover. :) Congrats on the vote, that's respectable.
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Well, I am a bit surprised but very pleased to still see HIVE over $2! As I am writing it is $2.36. The run to $3.41 was massive and I firmly believe $10 will be a new floor price, not too distant from now.
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What hive is showing in last days just unbelievable. I didn't expect too much pump right at this time. It is amazing. There are some small users who want to make profit from rise and fall of token price. So they keep their coin liquid.
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STOPCheck out the last post from @hivebuzz:
When ever the price changes by a lot it is closely followed by drama. lol... Stay tuned!
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