I'm sure that everybody has checked their account balance after a crazy day in the markets. It's nice after all these years of low prices to see some crazy price action on Hive again. Not that it's the main game but still nice to see it.
If only we didn't have that pesky power down period I'm sure that a lot of Hive would be sent to the markets today to take advantage of the pump. Luckily for ourselves and for the pump that we can't fomo into dumping our valuable hive and have to play the long game.
Unfortunately that means the lovely big number in my wallet page is still only dreams and hope for a better future where i can buy a little island off the west coast of Ireland. Settle down to a bit of homesteading with my wife and faithful sheepdog/donkey away from the problems of the real world.
But since we are trapped in the Hive matrix i suppose we can just sit and hope for another level after this. Strangely enough the pump seems to have a bit of life in it other than the usual korean boys on upbit driving things.
It seems to be tied more into binance futures which are paying out nicely as well as the earn feature which is offering 80% staking APR on their exchange. We saw a huge flurry of listings last month across multiple exchanges tied to binance futures which might be playing a big part in the current demand.
All I know is that if we can break out past 70c tonight then there is very little between that and $1 as most of the market orders were swept up already.
If we do that it will get really interesting since there is big money on the hive market today and not a lot of liquidity which will only end one way. That's if the price doesn't drop and we see a lot of people unload their new hive tokens to hold the profit.
Just looking at @coingecko today.
What is the daily trading volume of Hive (HIVE)?
The trading volume of Hive (HIVE) is $2,111,648,647 in the last 24 hours, representing a 1,934.20% increase from one day ago and signaling a recent rise in market activity.
What is the all-time high for Hive (HIVE)?
The highest price paid for Hive (HIVE) is $3.41, which was recorded on Nov 26, 2021 (about 3 years). Comparatively, the current price is 81.10% lower than the all-time high price.
2B in trading volume and 2,000% increase in trading volume day on day.
Looking at Binance.
We are a trending coin on their earn page with the highest APR.
That is what I mean about price being the best marketing tool that we have. Todays pumps have put us front and center of the biggest crypto sites across the internet. You can't buy publicity like that and hopefully if it holds up we can convert it to more users and more interest in the eco-system.
Now we just need to see altcoins get a proper pump and maybe see $5 this bull market. Fingers crossed.
Posted Using InLeo Alpha
Many things will happen positively this year for Hive. There's enough time to do anything you want, so don't worry if you missed the pump. There is the possibility to have the funds and sell too soon, which is often why traders don't earn as much as long term holders of assets that appreciate over time.
New listings and futures offer us visibility and hype for traders from outside the ecosystem. The question is how many will make the step from temporarily holding HIVE or a futures contract based on HIVE on a CEX and how many will use our ecosystem. For their particular interest in trading, our markets still need much higher liquidity to be of interest to them.
I used only the internal market and Hive-Engine (without an external CEX), and I could see why a trader would prefer a CEX (or a well-developed DEX) with high liquidity and other trading pairs or instruments that may come useful in times like this.
Inleo are making some big connections which is great for our profile and the big question is what VSC can deliver in terms of smart contracts and cross chain capabilities.
If they can deliver a product that works and makes crypto simpler then we could have a good year. Not much info from blocktrades lately so who knows what they are working on these days apart from chain dynamics.
At least prices are moving up and people are getting excited again.
Let's see what VSC will bring and how soon. Yes, I was thinking about Inleo's partnerships and cross-marketing campaigns too. Maybe even Splinterlands marketing campaign will help. But certainly these spotlights from CEXes help.
A sustained price pump is really what Hive needs to get more attention and I hope it will start feeding on itself bringing more users increasing the demand for Hive Power, pumping the price more bringing more users. That's pretty much the recipe for things to go crazy. Eventually though the sell pressure is bound to catch up so it only really can go to a certain hight.
It depends if we can break through the sell pressure. There isn't that much hive on the exchanges and with a 13 week powerdown it's hard to catch the pumps.
If outside funds start buying and staking on binance it wouldn't take much money to drive the price up to a few dollars. There is very little market sells on the exchange at the moment at least.
Hoping to see it drop back below 50c to buy more and then wait for the next one. Could break a dollar next.
Superb post 🔥
We just need a Coinbase listing!
Now that would light a fire under our asses.
Especially if it happened while we were pumping like this.
0.6 is good price, how long it would remain above 0.5 do you have any theory on it?
I think it will drop below 50c again this week as people try to take a profit.
Depends on the bull market after that if we can see a few more big pumps and break the dollar mark soon.
I'm just staking everything. Hive for me is an interesting endeavor, - I am glad to see the price go up since I know that potentially changes some lives and helps ensure the health of the platform.
It's important to stake too for your activities here. I've held through the last couple of bull markets to keep growing so this time i want to to play the markets a bit and try to grow faster.
I swapped some liquid hive for hbd already, let's see if it's good or dumb
I did the same on binance. I have some playing around money there. Hoping to buy back into hive around 40c.
Make a nice gain in the quantity of hive i hold.
Quite possible it goes back to 0,4$
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In a discussion in a discord channel a whale once said something similar to the following; "To be a whale you have to be able to do whale things". And it stuck with me ever since. I include that logic at all levels of growth. In-short, we need liquid for the opportunities that present themselves. That being said, if mine was powered up I might not of traded a junk of it away at $0.40 :P