Besides the recent increase of price that not only HIVE but the whole market is presenting these days, forget about the current fall just happening that is going to be short-lasting, there is another good indicator appearing in the information that our fellow Hivean @penguinpablo has recently presented to us in his regular weekly Hive Report.
This one:
Yep, this is the total amount of HIVE stored in all exchanges and, despite in a first sight it could still provide you with so bad feelings and frustration, I am trying to be positive and to see the "green shoots" growing on top of that painful long-lasting and steep cliff.
It looks like the amount of HIVE stored on exchanges are stabilising if not starting to decrease, and this, my friend, are good news because despite all the selling pressure that HIVE has suffered since its split from STEEM, this is the first time we see an equilibrium of sellers and Buyers which I hope it will lead for the victory of the seconds from now on, in my opinion.
What is also interesting is to see that, HIVE is not performing so bad lately in front of BTC, I mean, of course, still would be a bad investment If we would have chosen to put the money on HIVE instead of BTC but it looks that HIVE is also recovering the field on this aspect as well.
Finally I am starting to see the light at the end of the long tunnel.
Enjoy!
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Nice piece of information, you could be very correct there! We’ll see very soon!
Hopefully
I hope this light gets bigger and bigger :)
Great article
!BEER
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I think we might end up seeing that some of that HIVE being "stored" on exchanges belongs to few very big buyers who didn't want to tip other people off to their buying. I don't see any other reason why so much would be accumulating. ??? It kinds of makes you a little nervous when you think about it. Got to keep an eye on @penquinpablo's updates for more clues on that!
Or either they are waiting for a better price to sell
The light at tunnel of late is getting brighter as we stick around, I have the positive feeling HIVE will appreciate more in value over time.
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HIVE has had its bottoming time. It was about time for it to start rising. Look at ADA how long it has bottomed and how far it's gone in the past few weeks. I'd say if we get a bit of FOMO over HIVE will have a $1 HIVE in no time.
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But first we should create that FOMO, and seems that ELON is not in our side 😂
We need to find our Elon...
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