I really don't know what to think anymore.
The volume is crazy - around $300mill and yet the price can't go beyond $0.4 levels before it crashes. It's kinda annoying to watch it as I'm expecting HUGE move that never comes.
Does anyone have even a guess of what's happening behind the scenes?
Accumulation? - I don't think so.
I mean, if anyone wanted to pump the price he could do it without a problem so I don't know the reasoning behind it.
Perhaps someone's preparing the ground for something bigger than we expect - unlikely but possible.
Manipulation - for sure.
Reason still unknown.
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Wash trading for higher volumes to attract attention is my guess.
If we were still under stinc control I'd almost guarantee it.
And, yes, all markets are rigged, for now.
With leveraged trading occurring on the exchanges I don't see how they can't be.
That is how they control the market with the other commodities.
Maybe preparing the ground for march?
Attention might be the right answer.
Guess we'll have to see.
Maybe Justin Sun still has loads of Hive and whenever Hive is starting a pump, he dumps them, to buy Steem. Who knows.
Possible, but Imo he got rid of Hive when it pumped to $1USD - and the price soared once Binance listed it - accident? Doubt that haha
Whatever the case might be I would like to see hive hit a dollar sometime this year. Someone commented that Justin might still hold a lot of hive and is dumbing whenever hive pumps. That can be a case.
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Everything's possible, but as I already wrote above, I feel like he dumbed Hive on the lastest run when Hive hit $1USD.
Perhaps I'm wrong.
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Check the exchange from where the volume is coming from...
Ye i saw it, but still... Why?
It's not like Hive pumped all the way to $2 usd and then soared. If this is pnd its poorely executed.
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