Hive is at it again! Yes, it started pumping yesterday and it's now currently trading at around the $0.37-38 mark. So that's a $0.15 increase in just one day, representing a staggering 60% jump in price. This is wonderful to see of course but what's causing it?
(Source: Coinbase.com, Hive 24 hour trading chart)
Trading volume is up in the past 24 hours by almost 3000%.
If we take a look at the trading volume on various exchanges for a moment once again we can see that Upbit has experienced a $525m trading volume in Hive, by far outstripping the rest and accounting for 80% of the total volume. That's an insane amount of Hive trading taking place there. It appears the Koreans are pumping the Hive market again.
(Source: Coingecko.com)
But this time it's not just Hive. Very curiously Steem is also pumping. When I saw this I assumed there was a wider altcoin vertical movement taking place, but I was wrong. So this gets more interesting.
Check the 24 hour price graph and Steem is up 21% to $0.24.
So it's clearly not as strong a performance as Hive but nonetheless a significant jump for Steem. Do we have the same person or group pumping both markets? Any thoughts?
Peace!
Greetings again @peaceandmoney ,
Hope you do not mind ...I thought a separate comment would be best. ^__^
Anyway....as I focused on what would be my favourite comment this week or any week...I realised it was far easier to choose my favourite post. What do you think of adding that as an option to #fcf or is it already and I missed it?
Toodle Pip!
Bleujay
I think that's a splendid idea yes why not add your favourite post to the #fcf project, good thinking @bleujay. Thank you for that.
VIP reward: 0.5 Hive
Greetings @peaceandmoney ,
Hope you are well.
Thank you for your post here addressing the excitement of the HIVE price.
Since you inquired if anyone has any thoughts...thought I would send you a link to @geneeverett 's Vlog.
https://peakd.com/hive-167922/@geneeverett/12-22-24-week-end-market-vlog
If you don't know of him and his work...you might want to have a look.
Merry Christ-mas!
Toodle Pip!
Bleujay
Thank you @bleujay for this link, I will check this guy out.
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