Daily Crypto Markets Live Blog: $HIVE On A Wild Ride (06/28/22)

in LeoFinance2 years ago

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My believe in Hive get stronger every day.

Did you guys see the spike down in CTP today?

The CTP market on the LEO Dex.

Anyone want to do the research required to tell me who it was and then speculating on whether they were purposely dumping or fat fingered their entire stack?

Also, cryptoandcoffee's take on problems with Hive layer-2 tokens is an interesting discussion point stemming from the dump.

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The lack of liquidity is fatal. But that is the point we are at.

Hard enough to get enough volume on the Internal Exchange with HBD/HIVE.

Layer two solutions will require a lot more users.

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You're right that without any diesel pools or external wrapped LPs, CTP faces a real lack of liquidity.

This is where LEO's external LPs and even the SWAP.HIVE:LEO LP on Tribaldex puts us on another level.

What I find interesting is that the CTP price hasn't come close to recovering yet.

But remember when the LEO whale fat finger sold all their LEO down to 0 recently?

Price recovered instantly because the liquidity available elsewhere allowed savvy traders to arb the market.

Liquidity is king!

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Without a doubt. Plus the use cases for LEO keep growing as the platform expands. There are a lot of buyers as evidenced by the LPUD.

There were a couple hundred wallets adding. This is key, having a diverse number of wallets all seeking to increase their stake.

LEO is starting to get that.

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Yep, you're on point again bringing up the importance of token distribution.

Gotta build a strong middle class that's ultimately able to absorb any whales who want to do what chronocrypto did here in CTP and cash out in a single hit.

LPUD is a great way to encourage this.

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Four days ago, chronocrypto posted that he is going to liquidate his tokens to create the buy wall for Utopis. I suspect that's what happened to CTP.

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Ah there you go.

That's the info I was looking for.

Cheers :)

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I just missed that opportunity. I still have an unserved buy order of 400 CTP at 0.01029900. Perhaps later, I will change the price.

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Anything between 0.010 and 0.15 seems like a good buy price.

We've seen a ton of people just buying CTP at the market price via ListNerds, meaning it will likely continue to grind back higher toward 0.03 again when things settle.

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Yeah, I should have bought it last night at 0.013. 😆

That is why, thank you for sharing.

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You're welcome, my friend.

Oops, I wished I was there to scoop that up, lol! Price is now up. Hoping more use cases for CTP will come out.

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If you're taking the long term view that Jongo will deliver, I don't think you can go wrong accumulating CTP at these prices.

It's pretty much still a 50% discount.

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That's right. The current price is still a great entry.

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Exactly, someone just sold big. Happened with Leo and polycub. Someone out there is only looking to cash out.

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LEO's drop looks like it was simply in line with the HIVE price pump?

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Oh, LEO's dropped too, someone's really mad and selling

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Just remember that Hive-Engine prices tokens against HIVE.

So even though it looks like the price of LEO is tanking, it has actually rallied when priced in USD.

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Oh, that is right. Didn't see it that way. Thank you :)

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Someone just sold. No biggie. I bought a few "on sale" price will be back soon enough.

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Nice :)

While I don't think they've quite got a sustainable model for CTP just yet, I'm backing jongo and the team to build one for their community.

I'm going to join you in scooping some up down here too.

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I really needed some, I was starting to fall off the rich list on listnerds.

I had some spare HIVE in my wallet, so I used some of it to buy CTP. I'm not threatening anyone on the richlist, so it's OK.

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Lol, looks like it was just chronocrypto cashing out of everything on purpose.

Savage.

With all this chat of sunshine, lollipops and rainbows around the community...

...it's important to remember that when it comes to maximising your income via the free market, it's really every man for himself.

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Jon is a supporter of his many projects, phew! This is absolutely crazy.

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Hive is lucky to have him :)

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In @chronocrypto's defense, he has obligations to holders of his own UTOPIS token. I get daily drips of UTOPIS, so it's been good to me.

Will @chronocrypto buy back CTP at a later time? I can't say. Only he knows.

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And we're back baby! Had I waited until today I would have had an addition 40pHBD oh well. Putting more in soon 30% APY is a good return

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Hard to argue with the return on pHBD.

We are seeing some nice expansion regarding HBD.

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REMINDER!!!

Get all those #CANDIES. They are really going fast and your sweet tooth is heading into overdrive.

Do not get caught short.

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Got 40 today 💃🏻💃🏻💃🏻🥳

Yes, don’t forget to collect all.
Have a good morning, day and evening 👋🏻

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That's great, collecting before bed is so sweet :)

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Thanks @ifarmgirl 😁 it became a habit now 😎

Hope it pays off in the long run hehe

We will see one day 🤓🤞🏻

I came to get my candies before going to bed :) I'm on the 4th floor I got 40 candies.

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Night night 🥱😴😴😴
Congrats on you 40 too!

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Thanks, I can sleep soundly now.

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You are welcome, hope the sleep was good 😊

Congrats on making it to the 4th floor. The climb is a little steep, but the rewards are sweet, lol

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We are on the same floor! keep up the sweet climb.

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Yes, would keep enjoying it while it lasts

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Exactly, you too!

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40 in the jars today. Won't be missing them. Sweets are giving me energy, lol

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$HIVE went on a wild ride today. Came close to 50 cents before pulling back.

At the moment, hovering around 44 cents.

Dead cat bounce? What is going on?

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This bull/bear cycle has produced many such spikes in Hive. That has become a peculiar chart pattern, especially for Hive. I would personally think it's a win-win game as long as Hive sustains above 30 cents.

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Upbit.

Perhaps just hit 50 cents.

They do like to pump it.

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HIVE likes to draw tall green candles. Maybe a little early for now, but I'm hoping to see $1 in August.

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I do not think you get $1 on $HIVE unless the entire market turns. I am optimistic about the hard fork but I do not believe it will bring buying pressure.

Perhaps we can see the rollout of ProjectBlank helping if it reaches us in the next two months. I think that one will be a serious winner.

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Good point :|

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$HIVE now at 50 cents.

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50 Cent should change his rapper name to 1 HIVE.

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What impresses me the most is the enormous market volume, according to cmc it has a volume of more than 1000%, a real barbarity :D

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It may be a simple pump and dump, but the good thing is how positive the market is in relation to HIVE as it is performing well.

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0.59 now. If Wave C is already complete, then this could be a possible indication of a trend reversal.

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It's now at 60 cents, wow!

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I have shared this a few times about the Tesla phone. Over the past year, I pulled a number of videos about it yet never saw anything from the company.

Now we have a video claiming the second generation Tesla phone is out. What is going on? Anyone have any insight into this?

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Nope, not really but I found this website:
Tesla phone?

It states :”There are a few primary reasons we're questioning whether this phone is due for an actual release:
Most of the rumors come from an early 2021 YouTube video from adrstudiodesign, but they clearly state those are the designer's ideas, not real leaks or details from Tesla. Most of the rumors we've seen appear to be based on that source.

So maybe… it won’t be released and are just ideas brought to life by an designer…
It also has a tweet in there from Elon stating phones and watches are yesterdays technologies.
This article does talk a bit more about neuralink.

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Thanks for the clarification and link.

It does make sense that this is design concepts. If they were seriously looking at building something like that, word would have leaked out.

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You are welcome @taskmaster4450le 😁
Yes… more news would be out for sure, but they need to create more things first as some features are either none existing or not tested yet.

Can’t see any posts at all this morning, or notifications, comments and replies none of them in LF not on mobile or iPad.
So answering via ecency.
We will find ways hahaha 🤣
Enjoy your Tuesday!

Much ado about nothing, this man sells pots of smoke, so let this be more of the same.

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The concept is amazing but it seems Tesla is not really on it based on Jackie's linked share :) It would be great if such a phone will be developed though.

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Grayscale and the SEC are continuing their dance. The SEC has to rule on Grayscale's application for a spot Bitcoin ETF by July 8th.

Will they finally approve it? It is ridiculous that it is being stopped.

Grayscale will likely sue if they do not get approved.

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What does Anvesh Reddy mean by this?

If the current 200-Weekly Moving Average of $22,000 is breached this week, it would mean Bitcoin would make history.

Source

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Bitcoin Magazine is launching its first European Bitcoin conference from 12 to 14 October at Westergas, Amsterdam.

Source

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Is Roger Ver a deadbeat?

The debate over CoinFLEX is on with both sides saying they are owed money.

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Interesting. I wonder which side of the stories is true. Too bad if he's a deadbeat.

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He does, and knows about the need for more utility. Great to read his thoughts👇

but I do know that once there are applications with smart contracts not on Bitcoin but across crypto that regular people use and figure out, just like streaming was a better version of getting audio and video than traditional media was when there’s better reason to use crypto applications, that’s when it takes off.”

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Mark Cuban made his billions in communications, so he should know. Not that it makes him an expert in cryptocurrency, but he's a visionary who can see what it would take for Bitcoin to take off as an asset of use to people besides being treated like a stock or a digital bar of gold.

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That's right. He sees the value in it and understands or sees how it would take off.

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