Hive doesn't seem to be following the broad crypto market up

in #crypto2 months ago

If you look at the top 100 cryptocurrencies, they all have upward sloping graphs - they're being pulled up by Bitcoin, which breached $50,000 yesterday, up from $22,200 this time last year.

Hive unfortunately is still 25% down on a year ago. Here's the graph:

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Part of this might be down to liquidity issues - both Bittrex and Poloniex have closed down, and Binance is banned by western countries, so it's hard for new western money to enter Hive.

Steem by contrast, which relies on eastern money, is up compared to this time last year. Here is the chart:

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As a result there may be a crossover in prices if the broader alt market pulls Steem up, but ignores Hive.