Yesterday night when I was off to bed the price of Hive was 69 cents and I told people in the Neoxian City that when I wake up I want to see the price hit 1$. To my surprise, it really happened. When I woke up and checked the price of Hive it was around 77 cents. But then a few minutes back when I checked the price it was already over 1 cent. Yesterday night before going to bed, I placed a sell order of 80 Hive at 70 cents, and no wonder it was filled overnight. I have no regrets about selling low because nobody would know that hive would pump like this.
I don't know what caused the price to pump like this. It can be splinterlands or it can be just like that but thanks to whatever it was. I'm assuming there will be lots of people booking their profits right now. Maybe some people might even initiate a power down and wait for a week to see if the price stays like this and book their profits. In my opinion, we shouldn't get too excited about this because Hive should break the 1$ resistance in spite of all the selling pressure it would get.
Time to buy Hive Engine tokens
This is usually the time when people will try to sell their Hive Engine tokens for Hive and try to book their profits. Whenever Hive pumps, people will try to move their assets from Hive Engine to Hive after converting them to Swap Hive. There is a high possibility that some of the Hive Engine tokens can go very low in value making it an opportunity to invest in your favorite project. The value of these tokens are pegged only to Hive and only a few like DEC and LEO are pegged to USD value as they are listed in other exchanges as well.
All the Hive pegged tokens will see a good overall value and also see people dumping them. If you don't care about this current pump and if you plan to stay invested here for the long term, then this is the right opportunity to get into some Hive Engine tokens. Grabbing some tokens from people who are dumping them.
Time for some screenshots
These are some rare moments and I wanted to take some screenshots of my account value. There is a high possibility that Hive can go down back to 80 cents or even less than that in a few hours due to selling pressure. But if it can overcome that selling pressure and stay stable, it will be a great journey to skyrocket to a new base value for Hive.
Above are the screenshots of my main account worth and my Hive Engine tokens worth. I still haven't included my alt accounts for Hive Engine tokens. I guess all together the value would be close to 10k USD. So far around 35k USD value is great on Hive and I hope the price of Hive stays stable at 1$ and I'm now imagining what would be the value of my account if Hive is touching 5$. I'm sure it has the potential to do that.
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I am actually surprised to see it around the $1 level as I expected a ton of people to take profits so who knows if it will hold.
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If HBD stays above the peg we may see another leg up for HIVE sooner rather than later!
Yes as long as the market is green, I guess HBD will stay high I guess.
Hive is really going up and this is good as well 🥰
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Holding
I guess 100 cents
it was already over 1 cent.For me also it went above $10000
I’m actually not surprised. Not taking profits here. Gonna hold some liquid. That’s all. You my guy is balling!
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wow! This is interesting news. HIVE is following SPLINTERLANDS.
Yep let the money flow in. 😀
Yes I also long term hold.