High Volume for Hive. Is Steem following foot?

in #price4 years ago (edited)

Record High volume

for Hive:

24 hours volume at Huobi Global 14,647 BTC

3.PNG

24 hours volume at Bittrex 542 BTC

4.PNG

Prices for Hive are trading for:
0.8699 ≈ 0.86 US

24H High
1.0000

24H Low
0.6305
RSI>50


The volume steadily rises for Hive for the last 4 days from 15 BTC to 150 BTC and today's record high of 542 BTC

What that means and where we are placed with those figures.

The below charts are from 35 hours back when I was thinking to post about price but I thought to wait it out to have a point of reference.

1.PNG

2.PNG

Is not a small achievement getting the 3rd place of the 3rd largest exchange in the Crypto world. as you can compare the above screenshots of 2 days ago
with the one that I just took from CoinGecko.
That only grows, steady the past days.

6.PNG

From 7.91% if Huobi's total volume to 9.69%


That ain't nothing, This will get the word out and some eyes will be turned this way.

I have experienced this again in the past, I am almost 51 moons old in this chain. The name might have changed but the goal still remains.

In a side note Steem started an Upward trend and saw an upawrd spike at volume from 15 BTC to 124 BTC the last 24 hours.

Interesting is the least I can say, I am eager to see the outcome of this race and how if possible that could catalyse for an ever higher price for Hive.


For sure this will bring more people into our little world growing it bigger. More fishes more dolphins more orcas and more whales, Good news for creators and engagement.

Interesting days ahead.

Yours truly
@skapaneas

Edit: Fixed Title

Sort:  

At least until the initial 13 week period is over, the Hive and Steem economies remain linked. While I believe there’s a greater proportion of users selling Steem to buy Hive, surges in Hive value will inevitably cause a counter surge in Steem as it gives those folks more capital for their Steem purchases. And vice versa! So it just keeps volleying back and forth.