As you can see from the screenshot above, HIVE is the main feature on the Bittrex exchange home page, both on highest gain and highest volume. Seeing this token performing around 60 cents is something that I wouldn't expect to happen so soon, to be honest.
There are many potential causes for this, and I'm sure it's not just one, it's probably a combination. Here are my thoughts:
big amounts have been transferred to Bittrex in the last week, improving drastically the trading volume. This, in turn, may have triggered some automatic trading based on the perceived performance of the asset.
the fact that the "ninja stake" has been removed may have had a supply and demand effect that created a "positive price imbalance", because there is less supply, the demand may have increased
HIVE really got a positive sentiment and investors are starting to buy in
Whatever the reasons are for this (unexpected, but much appreciated) bull run, I will say what I always say when this happens: let's enjoy it responsibly, while it lasts.
There is an ongoing funding proposal for two of my Hive-related projects, which will allow me to support some of the costs involved. If you want to support this proposal, all you have to do is to vote it using any of the two links below:
Already supported by: @toofasteddie, @alina.romila, @amico, @bluerobo, @chrisaiki, @erikah, @ervin-lemark, @ew-and-patterns, @guruvaj, @mytechtrail, @pharesim, @ryivhnn, @sacrosanct, @captainklaus, @santigs, @inertia, @bro.poker, @distantsignal, @doze, @gadrian-sp, @shmoogleosukami, @valued-customer, @condeas, @justinashby, @likwid, @bucipuci
I'm a geek, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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|I know the feeling. That's why I created hive.supply, an easy to use and accurate tool for calculating your HIVE rewards|