The crypto market is in a nice up trend during these lasts few days, and all the major cryptocurrencies are experiencing a price pump.
Unfortunately the HIVE
is finally experiencing the dump we were expecting, and we mentioned in our previous post of this kind.
The asset lost almost 50 %
of its value against BTC
, and now the STEEM
price is significantly higher.
It is sad to see also how the volumes
rised a lot, and nowthey are around 23 BTC
showing a huge sell of, considering the level of 5/6 BTC
volumes we were used to see.
STEEM
on the other hand, is trying to keep is value after the pump of 3 days ago, a small sell off is in place, but it is "under control".
The volumes as well are around a nice level of 12.5 BTC
.
To understand if the sell off will reverse we think that we need to see the movement of the major cryptocurrencies, and if they will get a sudden pump probably STEEM
will follow else this trend will continue.