I couldn't believe it.
Greetings Hive users!
I hope you are doing well.
Today, when I checked hive price on ecency.com, I was surprised to see a unexpected jump in Hive price.
I couldn't believe what I saw. I checked hive price on coinmarket cap app and found what you can see on this chart. There was a massive jump of 50% in Hive price within a few hours. I should say this happened within 12 hours as hive price was around $0.06 at 6 AM and it touched $0.09 before 6PM. Off course, Bitcoin and Ethereum are performing well during this month but Hive had outperformed all the top cryptos which is unprecedented. I had never experienced such a massive jump in hive price.
After touching $0.09 price range, profit booking started. Now its price has came down. It is still around $0.082 when I was writing this. If it may sustain at this level, we may see further jump in Hive price. And reversal may come if price comes below $0.075 range. I have not analyzed its price but other experts have given this resistance and support level.
I don't care about the price action. My concern is about this massive jump. Is this a real breakout or just a pump and dump scheme is difficult to say at this moment. We need further data to confirm. Overall, I am happy that at last hive has shown some kind of reviving signs. It means this blockchain and its native token is still worth buying. Within a year I had increased my staking from 10k to 18k which is almost 45%. I wish to increase my stake whenever I will find a suitable time. You should also invest wisely. Fear of missing out may be a dangerous thing for your wealth.
Thank you!
te felicito por ese incremento del 45% en tu staking este año, con movimientos como el de hoy se nota que esa constancia rinde frutos.
congratulations on that 45% increase in your staking this year; with
Hive's sudden price increase was really surprising, I was also quite surprised when I saw the chart. You are absolutely right, we need to wait for more data to confirm whether this is a real breakout or a pump-and-dump. But it is really good and reassuring to see Hive turn around like this. The great advice you gave to avoid 'FOMO' and invest wisely is something everyone should remember. Thanks for sharing a great market analysis
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💙 Curating Hive with Ecency 💙
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This may happen because of Hive Power Up Day, with some Hive Buying maybe.
After all we are witnessing another Price Pump of Hive, which is a good thing itself.
I am also surprized to see this. I had no idea that such a thing happened. But now price is down as I have checked. !LADY
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LOHtokens.@erica005, you successfully shared 0.1000 LOH with @akdx and you earned 0.1000 LOH as tips. (1/4 calls)
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