Understanding the Recent Hive Price Pump and a Smart Holding Strategy

Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.

Today I am going to share a strategy which I think is very understandable, especially for those who are holding tokens from the Hive ecosystem.

Recently, Hive pumped extraordinarily by around 35% to 40%, moving from 9 cents to 12 cents. This is a massive pump. Even though in price terms it is just a 3 cent move, on paper it is around 33%, and 33% is actually a very good pump for a token in just one day.

However, this pump was actually a manipulation. Anyone who has been in the market for the last few years knows that an instant surge in the market, especially in a specific token without any major news, is usually a sign of manipulation. The same thing happened with the Hive token. Due to massive volume entering the market, the price surged by around 33%.

Source

I checked the volume on Bitget, where the daily volume was usually around 10,000 to 20,000 USD. Suddenly, on the day of the pump, the volume crossed 2 million USD, which is a massive increase compared to recent days. This clearly shows that whales were involved.

Whales usually know when they are about to manipulate the market, and they play accordingly, while retailers often suffer.

Now let us come back to the strategy I was talking about. The strategy is to sell and convert your Hive ecosystem tokens into Hive tokens and then wait for Hive to pump. After Hive pumps, you can buy your Hive ecosystem tokens again.

This works because the natural movement of Hive ecosystem tokens is such that when Hive goes up in USD price, most Hive ecosystem tokens come down in value against Hive in order to maintain their USD price.

This behavior is not limited to just one token. It happens with most Hive ecosystem tokens. I am holding LEO token and BEE token, and both of these tokens showed similar behavior when the Hive price went up.

So, if you are able to identify when Hive is likely to pump, you can sell your Hive ecosystem tokens, hold Hive, and then convert back into those tokens once Hive has moved up. This way, you can earn some extra profit.

This was a small strategy that I thought about and wanted to share with all of you. In this blog, you now know a simple strategy related to the Hive ecosystem and also the reason behind the recent price increase in the Hive token.

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This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.

In the screenshot below you can see my terracore base and we used 6 attacks today with the base on the ultimate penalty mode and still performing very nicely and so this time I am so happy with my base performance.

In golem overlord base the penalties were already active and so I just used 16 attacks today as soon as I opened the game even though I know I will not be winning SHARDS but as I am quite inactive in the game, I just used the attacks by more than 50% ratio.

After that I claimed my parts and sadly no SHARDS but then we also bought SCs and then maxed out our Rep point XP generation by spending parts on them as you can see in the screenshot below.

That is all from my terracore and Golem overlord base.

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Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.

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