When I last checked the price of bitcoin, it was trading below $28,000. But, when I woke up this morning, I suddenly realized that the price of Bitcoin had just surpassed $30,000. This signals a positive thing, in my opinion. Does this imply that a potential bull market may be on the horizon soon? Well, I still think that the price of BTC will retrace a little before beginning an uptrend to the $40k region; a drop to the $25k region is still feasible, and it will also create possibilities for altcoins to spike up as a decline in the price of BTC might help reduce the dominance of Bitcoin.
Hive is also up 2%, and if things continue as they are, we might see the price trading above $0.5 back. The volume has been spiking, and all we need now is more strong buy walls to add more liquidity and boost volume.
The price of Hive reached $0.54 on the 20th of last month before falling back to $0.36. If you had put $100 into Hive at its low point last month, you would have profited over 50% of your initial investment early this month as we experience a pump that pushed the price up to $0.4987..
See how awesome this is? As the price drops back to $0.409 and is currently trading at $0.422, there is another opportunity. There is a strong potential that Hive might reach $0.6 if Alt starts to pump. If you decided to buy at this current you'll be making over 40% of your investment when Hive reaches $0.6.
This is simply my personal opinion about the Hive token and the cryptocurrency market, not financial advice.
Posted Using LeoFinance Beta
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Hive still has to catch up. Indeed. 50 Cent is the crucial barrier. If we make this the way towards $1 is quite obvious.