HIVE is The Champion of The Day

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I see "Bart heads" everywhere... Yes, I do... If you check the top 100 cryptocurrencies by market cap and their one-month chart you'll recognize them(the Bart heads) yourself as well. I guess we can say these are the "meme chart patterns" of a consolidation period.

Bitcoin and pretty much the entire altcoins arena are bound in quite a trading range for a while. Bitcoin keeps on getting rejected at resistance, $32,000 being the strongest so far for BTC, and finds a bottom near the $29,000 support every time resistance rejects it.

HIVE is of a different breed, though. It's still not in the top 100 cryptocurrencies by market cap, with just $223,777,398 in total market capitalization, but quite a performer.

While most of the alts and the king himself(BTC) have lost steam today and fell from the promised land that fueled a bit of FOMO once again, HIVE is doing terrific. It's currently valued at a bit over $0.60 and the chart looks great if you ask me.

The Koreans are at it again, that's for sure, cuz the volume on Upbit on the HIVE/KRW pair is $55 million, Binance for example rolling just $6 million in trading for the past 24 hours. We're talking $50 million in trading volume for an asset that has $220 million in total market capitalization.

Why are the Koreans so much into trading HIVE, cuz they seem to be mostly trading it than just buying and holding for the future, is way out of my understanding. One thing is sure. This killer coin looks like it has bottomed and is on its way to recovery.

Does that mean the bear market is over? Hell no, but not all the altcoins have to walk the same path. If I remember correctly, LINK and XTZ have outperformed most of the market back in 2019-2020, so why wouldn't HIVE do that.

At least this one(HIVE) has a use case. I don't think we will see it at $1 any time soon, but the price action sure looks like a steady climb to me. What do you think?

HIVE is indeed the champion of the day.

Thanks for your attention,
*Adrian *

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(Edited)

So far it looks like HIVE is decoupled from the rest of the coins.

If BTC dips again big time, HIVE may be impacted again but that would be another good entry opportunity.

Funds ready ☺️

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This is interesting and very informative, We are so lucky to be on hive blockchain,best of luck to us @acesontop

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Yep, Hive is the shit right now, a few more of those pumps and we’re in the top 100. And I am not so sure that 1 $ Hive is so far away…

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Seeing at $1 might not be soon but believe me Hive at $2 before the year run-out will be like magic

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(Edited)

Hive is king indeed and this is not blowing its trumpets. The way the coin has managed to keep its peg despite the heavy bleeding of the crypto market is really something worth taken note off.

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I think the bear is not over for Hive but I recall how Hive crawled its way up to it's ATH even when the big boys were not doing well.

The position of hive is moving better and constantly trying to breach 60 cents mark.

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HIVE is indeed performing very well. Quite the opposite of what it did when BTC had its bull run a year or two ago.

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Hive will not cost 2$ in 2022, because of unlimited quantity. Hive on binance with 2-3.41$ was pumped by MM of Binance. It is good for Hive to have a price for 1$, but i'm sure it wouldn't be. And don't compare Hive and Ether)

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It's actually 371 million coins in total supply atm from which may are locked in HP. It's not that hard for HIVE to reach $3 again and even more.

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it's x5 from now to reach 2.80$) i can bet 100$ that it will not on binance at least 2$ in 2022

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ok ok)))) how much time? when i should remined you about your opinion?

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I find it somewhat incredible that HIVE has maintained its range between 50 cents very well despite the free falls of bitcoin, of course this may not be permanent as it may fall, but it indicates the great potential it can have as a currency, I have taken some profit in trading with HIVE, and now I'm waiting for it to fall again to return to trade.

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