Market watch: Hive on the move

in LeoFinance2 years ago


Binance
Watching charts on the 4hours time frame has been one of my best method of watching the market for short term trades as it tends to give me the reactions of traders at the moment.

Hive has been pumping with the rest of the cryptocurrency market over the past 48 hours and it looks like it's going into correction as the volume is gradually dropping and KDJ indicators is now flashing for a price retracement in the short term, hive has been holding the 0.5$ price well especially with the current market dipped below 3x is value, hive still continues too wax strong with a daily trade volume of 1.5m hive which is quit decent for a coin like hive as alot of the hive coin is on staked powered up on the hive blockchain which is gradually reducing the volume of coins in circulation and causing liquidity shock which may soon skyrocket the price of hive in the long run.

While the markets focus on near-term headwinds, Hive Blockchain has been delivering strong numbers in development and upgrades with recent hard forks of the blockchain too scale user retention. In its most recent fiscal year, the blockchain developers aka witnesses has be giving periodic reports on the progress of development ongoing on the blockchain, with hive-engine at the front lines with their tribes and community which forms the base of the second layer of the hive blockchain massive adoption and pricing of hive too about $3 per coin Is not as far as we think.

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Dear @topworlds, we need your help!

The Hivebuzz proposal already got important support from the community. However, it lost its funding a few days ago and only needs a few more HP to get funded again.

May we ask you to support it so our team can continue its work this year?
You can do it on Peakd, ecency,

Hive.blog / https://wallet.hive.blog/proposals
or using HiveSigner.
https://peakd.com/me/proposals/199

Your support would be really appreciated.
Thank you!