Hello Hive.
.
So late into the Afternoon yesterday we witnessed a pump in price of hive to somewhere above $0.56 and I must say that anyone who must have been able to witness the exact time this happened or made any move at that point must have stayed glued to the charts and probably not busy at the time.
Its not always easy to stay abreast these happenings and maybe after checking in at night you will get the gist of what has transpired in the market during the day.
Okay to the above graph now
What could be responsible for this price pump since hive has manages to hold unto a price above $0.4 since then.
Still been new in crypto and blockchain, I have often heard of price of a token been pumped and am curious about how this is done.
This is also true for all crypto newbie and those to come after me/us.
A token price can fall when holders keeping large amount of the token decided to dump them.
There is always a price shift especially when such a one is holding large percentage of the profit.
So how does a token pump happens?
This might just be the most foolish question of the century but an answer to it can help widen someone's knowledge of crypto and blockchain.
And just beforr concluding this post we had that first graph with a new $0.6+ price of hive.
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We have never figured out why, but every so often Hive goes crazy on Korean Exchange Upbit! It just pumps and usually falls again! It's nice though cause it keeps the volume up and trading heavy.
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That's really good to know and I so much appreciate your prompt reply. 🌹💓
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Well if whatsup doesn't know, it is a mystery! I have heard of upbit before. It's done this a few times?
Am just hearing about that. Will look up for what that means
It is a Korean exchange where hive is traded ..
Heavy trading bring about a pump. You can check market cap to see exchanges with highest volume.
Oh, wow, this sounds interesting
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BEER.In the last year Hive has jump to 3,4.
I think that this jumps have an easy explanation. The investors that earn a lot of many trading with cripto, are selecting where to put the many, and when they do so, the price jump, because the demand increase. There are bots (of they walles) that detect this pression of the demand and so that increase the price of the ofert.
And, of course, Hive is one of the platforms in where many investors put money, because it is a cripto platform that really works.
Wow, this is interesting to know.
Thanks for this and so sorry for late reply, am a little against the weather.