I also expect buy pressure when the speak network announces their 90 day airdrop date, which I believe is still scheduled for this year, so their announcement should be happening in the next 6 weeks for that timeline to happen.
I also expect buy pressure when the speak network announces their 90 day airdrop date, which I believe is still scheduled for this year, so their announcement should be happening in the next 6 weeks for that timeline to happen.
Yeah that airdrop is going to create quite a supply shock.
It happened once before when Hive was created. If my memory is correct, there was massive buying of Steem to take advantage of the 1:1 airdrop and then there was a massive sell off afterward. That is one reason why I would like the Speak airdrop to be based on Hive Power to avoid an instant sell off after the airdrop.