Hive Pumping
I woke up this morning to see $HIVE is up 56%. Not a bad start to the day as I finish up some coffee and start looking for a topic to write about. I started to look at where the volume was coming from and it looks like we are getting a pump from Bithumb with about 7% of the volume or $46m traded.
$BTC and $ETH are down about 1% at this time so it looks like Hive is pumping by external factors relative to the rest of the market. I don't think we will hold these gains, but it would be great if we could create a new support in the mid $0.30 cent range after taking a beating after the FED announcement of 2 rate cuts next year.
As part of my research this morning I came across an article on coingecko about a crypto analyst on TradingView, sharing his analysis of the Hive and his 750% prediction. He thinks this goal may take three to six months to reach which would be amazing.
I don't disagree with him as Hive is rising from a four-year-long bottom marked by a long-term higher low. I think the alt market looks ready for a major uptrend after a period of protracted sideways movement and a last decline to long-term support levels. Not to mention, Hive has a strong community working to further our technology and build a functional community unlike many other projects. I have faith that Hive's value will be seen I just wish we could get a big listing like Coinbase.
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I think we need to solve the ease of use issue before that happens. But I read that article. I agree with him.
Yes east of use and brand identity are issues we still need to get creative with. I know I spend time on other site correcting people on what hive is.
Hive pumped today a lot , Hive to the moon 🚀🚀🚀🚀
to da moon
im not sure if regular TA would also apply on HIVE so much as on other tokens as there is so much more human interaction involved on the chain. On the other hand...people on exchanges dont care about that and do head to TA.
I would be more than totally fine with this dude!
I actually agree TA only works to some extent on coins like hive. I'm not sure how many technical traders or algorithms are trading right now.
I'm always sleeping when it pumps like this and I usually miss it.
I feel like you're tired. Sleep more to pump even more.😃
(I'm joking)🫣
Oh no, you are right, I am tired. I was up quite late last night playing with my grill!
I ended up making a ham on the smoker today so I was up early since we did a family christmas at 1 today.
Very nice!
there's always a dump i just hope it stays above where it started to pump.
It seems like the koreans like to pump it so it would not be great timing for us.
It was a special and beautiful surprise for all of us this morning
yes the issue is will it hold. Historically they don't last but we will see.
Yes
This beautiful green view will hopefully be the beginning of a bigger pump when the bull run arrives. :)
I hope we can continue this upward momentum. Hive at $1 would be awesome
Yes, seeing Hive reach $1 would be awesome! With consistent development and community support, momentum can definitely build towards that goal. Fingers crossed for strong progress!