I'm sure that everybody has checked their account balance after a crazy day in the markets. It's nice after all these years of low prices to see some crazy price action on Hive again. Not that it's the main game but still nice to see it.
If only we didn't have that pesky power down period I'm sure that a lot of Hive would be sent to the markets today to take advantage of the pump. Luckily for ourselves and for the pump that we can't fomo into dumping our valuable hive and have to play the long game.
Unfortunately that means the lovely big number in my wallet page is still only dreams and hope for a better future where i can buy a little island off the west coast of Ireland. Settle down to a bit of homesteading with my wife and faithful sheepdog/donkey away from the problems of the real world.
But since we are trapped in the Hive matrix i suppose we can just sit and hope for another level after this. Strangely enough the pump seems to have a bit of life in it other than the usual korean boys on upbit driving things.
It seems to be tied more into binance futures which are paying out nicely as well as the earn feature which is offering 80% staking APR on their exchange. We saw a huge flurry of listings last month across multiple exchanges tied to binance futures which might be playing a big part in the current demand.
All I know is that if we can break out past 70c tonight then there is very little between that and $1 as most of the market orders were swept up already.
If we do that it will get really interesting since there is big money on the hive market today and not a lot of liquidity which will only end one way. That's if the price doesn't drop and we see a lot of people unload their new hive tokens to hold the profit.
Just looking at @coingecko today.
What is the daily trading volume of Hive (HIVE)?
The trading volume of Hive (HIVE) is $2,111,648,647 in the last 24 hours, representing a 1,934.20% increase from one day ago and signaling a recent rise in market activity.
What is the all-time high for Hive (HIVE)?
The highest price paid for Hive (HIVE) is $3.41, which was recorded on Nov 26, 2021 (about 3 years). Comparatively, the current price is 81.10% lower than the all-time high price.
2B in trading volume and 2,000% increase in trading volume day on day.
Looking at Binance.
We are a trending coin on their earn page with the highest APR.
That is what I mean about price being the best marketing tool that we have. Todays pumps have put us front and center of the biggest crypto sites across the internet. You can't buy publicity like that and hopefully if it holds up we can convert it to more users and more interest in the eco-system.
Now we just need to see altcoins get a proper pump and maybe see $5 this bull market. Fingers crossed.
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