The Hive community has long been waiting for this day. After the bear trend we saw in crypto, it was a matter of time before the bottom was officially in and we saw a bounce.
In typical HIVE fashion, the pump was delayed behind the rest of crypto.
It should be pretty obvious to anyone at this point that HIVE lags behind the rest of the crypto market. It should also be obvious that there are certain tokenomic factors at play that cause HIVE to have very inconsistent pricing.
What I mean by this is that HIVE will often have long bear trends and bottom out. When the rest of crypto starts to rise, it seems like HIVE isn't going anywhere.
Then, all of the sudden, you'll see HIVE pump... and it pumps hard.
This is because of the limited liquid supply and low market cap relative to other coins. We rallied 40% off of the bottom here and that's no small amount.
The key is understanding HIVE trends and token flow models. It's a tough currency to trade but it's also an easy one.
Wait for the bottoms, buy heavy and then limp behind the rest of the crypto markets. Make no mistake - there's plenty of money to be made in trading HIVE but there's also plenty to lose.
Keep your head up and stay informed. The market is always right.
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Glad to see Hive heading up. There is just so much going on w/ Hive that I don't see how it can't survive and grow. Seems like new killer dApps are popping up every other day.
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Me too. Fundamentals are there but we need the traders to join in
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Yes it is moving up and it might be part of the larger trend.
Or it might be just a short term pump. We will have to see how things end up going.
Nice that people get a chance at some excitement though.
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Always lags behind crypto we will have to wait and find out if we can eventually get ahead of it
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Still lagging behind steem unfortunately...
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No JS to pump our bags!
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Unfortunately not...
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Hopefully, HIVE will make more than a great recovery!
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