Crypto PUMP season has started | HIVE pumped 60%
Hello Readers,
I hope all of you are having an awesome day with your friends and family. If you are reading this then it is obvious that you are already a user of the Hive blockchain and know about its native Coin Hive and stablecoin HBD. That means you are quite happy right now, as all the Hive people were waiting eagerly to experience a pump in Hive token while feeling sad seeing all the other coins on the market are getting increased with good margins. Well finally Hive has entered the winner’s club as it went through a strong Pump after a long time and even after a huge correction, it is still now trading above 0.25$ per coin. So in this post, I am going to talk about the situation in the current crypto market, the performance of Bitcoin and our Hive. So if you are interested, let’s take a dive without any further ado.
After a long time being spent in the so-called ‘Crypto Winter’, the cryptocurrency market is finally experiencing its long-awaited pump and this has made the globe talk about this sector once again. Bitcoin, being the first, most costly and first mover crypto coin has initiated the trend just recently and now, Ethereum, BNB, Dogecoin and all other Altcoins have also started following the trend. If we look at the current top 8 coins chart on coinmarketcap website, we can see that every coin has experienced an increment in its price. Leaving the two stablecoins, the least profit that these top 8 coins have made since the last 7 days is Solana $SOL with 13.47$, and the most that the coin made out of this last 7 day’s pump is Dogecoin $DOGE with a whooping 101.7% pump. While the king Bitcoin $BTC has gained a happy 21.60% in the last 7 days, Ethereum $ETH has done a little bit more with 23.72% and $XRP also performed well with a strong 32.11% pump since the last week. Overall, all the major and popular coins with good marketcap have gained from this pump and though joined late, Hive has also enrolled itself in the pumping list and only this morning and I was active during this time and not to mention that I did sell some liquid hive to book profit which I am about to talk later in this post.
BITCOIN $BTC
First, let us take a look at the Bitcoin price chart and as you can see from the graph above taken from coinmarketcap, we can see the price movement of Bitcoin in the last 1 month. You can see the gradual growth at the beginning and then after a small correction, it went with a spike and right now trading near its all-time high price of 89,588$ per unit. Since the last 30 days, it has gained around 37% which is a great price movement while considering that we are talking about Bitcoin, the coin with the largest market cap of $1.77T USD in crypto. In the last 24 hours, the total volume of trading for Bitcoin is more than 100 billion USD, so you can clearly see there’s a lot of activity been going on with it. Anyway, as Bitcoin is well known for its consistent first mover role, it is leading the path right now and in the near future, we may see even more pumps from here and I personally think that this Crypto Christmas will be gigantic.
HIVE $HIVE
Now, moving on let me take a look at our dear Hive token and if you don’t know, it is the one and only native token of this blockchain and when staked, you can earn staked Hive by voting other’s content using your Hive power. Now looking at its price chart, Hive is right now being traded for 0.252$ per unit with a 20.36% growth in the last 1 day, but today morning when it was at its peak price, it made a little over 60% pump which is just kid blowing. A whopping 483.19 million USD of Hive has been traded in the last 24 hours, so you can see that there’s quite a trading season happening today. This massive pump has brought great joy among the users of the Hive blockchain and all are celebrating this actively in Threads or other chats and by publishing Blogs.
Luckily, it was close to its peak price when I woke up today and even more luckily I have been accumulating liquid Hive for quite some time while waiting for the golden day. After waking up, because of this ongoing pump season, I first check the Coin prices I interact with. I got stunned seeing Hive has made over 50% pump just overnight. Last night when I went to sleep, Hive was being sold for around 0.208$ and when I woke up, it was trading for around 0.32$. I suddenly felt a wonderful feeling and got soon confused thinking whether I should sell my Hive tokens or wait to see if it pumps even more from here. But as I had to take a long journey to my home city today, I decided not to take any risk and sold 1543 Hive tokens for 484.805 HBD using the internal market. I still have a lot of liquid Hive in my wallet and I just converted a decent percent of my Hive for HBD to book some profit to utilize the pump. I am holding most of my amount cause I strongly think Hive will touch 1$ this year, and 0.5-0.6$ at worst. It is only the start of a pump season so I will take my chances waiting. Please note that anything I say in this post is not financial advice and please DYOR before investing in any cryptocurrency.
I hope you liked reading my crypto analysis post and now let me know your thoughts and plans in the comment section below. That’s it for today readers and I will be seeing you all in my next post.
Posted Using InLeo Alpha