And just like that again Hive does the big pump thingy while the rest of the market is in a sea of red. What a day to blast out a whopping +37% rise again. When looking at where the biggest volume is on exchanges on Hive this is on the Korean Upbit exchange where they sure all love a gamble at the volume in the last 24 hours was more than 250 million. Damn, that is a lot!
Or is something happening newswise that we are all missing and need to know of? There is a lot happening behind the scenes on our precious blockchain, but on the other hand....sometimes the news on this is hard to find. So what is going on here?
Back in the days when I started on the board when it was still blue, there were also a lot of crypto nerds writing a lot more about the details on what was going on on chain. There were also a lot of discussions which were not always so friendly, but I did have the feeling I was a lot more aware of what was going on.
Those posts always had a lot of rewards and I always thought they were very educational for a blockchain starter as that I was. I am missing those kinds of posts a bit now. When looking at the trending page it is way more about blogging life stuff.
Don't get me wrong, I love this! Because that is also how I blog as well. Random and just about daily stuff. But I do get the feeling every now and then that I am missing some info on where we are all heading (let's still hope it is the moon ofcourse!!)
Back to the pump!
Bitcoin is ranging in a gigantic range and I have as always no clear idea where we will be heading on the short run. The general economics are giving a good chance to go a lot higher but the timeframe is totally unclear to me, which is all fine.
Hive as every altcoin remains very dependent on what Bitcoin is doing, but these kinds of pumps really do help bringing more attention to the token. With out 326th spot on the coinmarketcap it is easy to the overruled by all the flashy new tokens which jump right into the top 100.
Seeing this in the top gainer list....that is what grabs peoples attention!
People need a reason to look into hive. Sure we have a decent twitter community as well, but the algorhythm doesnt always to the magic when you look at the hashtags.
These kinds of thing do really help to grab some attention. On chain these kinds of pumps also help the people who are trying to swap a bit between HIVE and HBD which you can do without any costs on chain. Lovely to get more Hive right?
Let's hope Bitcoin goes into stable modus and the alts get a new chance to rise even further. Hive made a nice head start at least in the previous day. Enjoy!!!
Don't you just love it that this was one is available on Giphy
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No idea on the why, but also trying to play the swap game and make some extra Hive 😁. Still enjoying Vietnam?
Need more liquid hive to get more of this going, because this is a good game at the moment! Also have no idea why this is happening, but it does tend to happen like once a month or so right?
nehhh, back in the 50 shades of rain and hail. Duty calls somewhere right?
Yep, know the feeling! I stashed some liquid hive for these events after swapping my hbd, if this pump turns out like the last we'll see price revisiting the lows before starting to climb steadily up... that would be sweet!
Usually I always ask WHY now? Korea is a logic reason, no matter why - seems unfortunately not related to the great things hive does. Sometimes feel they play with us :-)