People need HIVE for it‘s different utilities on Hive DApps and for Curation. Now if the price rises and they still need some more, they will have to FOMO in, because it might take too long to wait and check for the market to cool down again.
A lot of ‘liquid’ Hive Supply is actually staked and can’t be swiftly moved into the market. So that leaves us with Demand vs Demand vs Pump and the supply gets deteriorated. Slowly into slowly into full clip pop 🚀
On top of this normal crypto FOMO stuff, posting rewards on HiVE explode with the price and we see tons of accounts getting ‘active again’.
Huge accounts and new users from everywhere start to get interested as soon as the posting rewards reach their threshold.
Btw. that’s a big question for a comment on a d.buzz, maybe I’ll end the answer here. Cheers
I don't understand much better now. Thank you very much for your long explanation.
So the price increase can have negative effects as well.