Crypto Pump: The BTC Effect
Even though i have no clue why BTC is pumping i see a lot of people talking about cryptos again. During these past 7 days as you can see in the screenshot above from coinmarketcap the price is almost 18% which is quite something. Heck, it even reached 35k. It's still far from the All time high which was at 68k but it's a good start.
Probably the price will decrease but i hope that i am completely wrong. Now due to the pumping of BTC, 2 things are happening. The first one is that the whole crypto market faces some big moves, mostly pumps in the top cryptos. Hive is no exception as the prices have been up 7% during the past 7 days.
The funny and sad thing at the same time is that while Hive has what it takes according to my opinion always, to be in the top 10 cryptos out there, we still need a BTC pump for the price to increase. We have a "product" that's actually working and people can earn money daily by having different income streams. We need more Dapps, games and people who will interact and invest i guess!
Now the other thing that happens when BTC is pumping is that everyone starts talking about BTC and cryptos in general. That's mostly a good thing in my eyes as more and more people can get into cryptos and invest and ofc discover Hive if they decide to do research or something. The only drawback is maybe some scammers but i believe the benefits are vastly more. I believe that during 2024 we will see some great pumps if we don't see another world war :P