Bitcoin drops and Hive rises

The cryptocurrency market is filled with a lot of fluctuations over the past years, and this is not new to see a decline, but traders do not realize this, especially the new ones, but for me it is a market and the meaning of a market is to see supply and demand increase and decrease and this is what many should realize.

The fear indicator started to rise a little when Bitcoin fell again from the level of 59,000 dollars to 56,000 dollars before rising a little, but the cryptocurrency market is still full of red color, but we must focus a little and not get nervous, this deceptive red color does not exceed 2% in most Cryptocurrency.

Most of the cryptocurrencies fell, but by a very small percentage ranging from 1 to 2% after the recent Bitcoin correction, and despite that there are still many currencies that perform well and have green candles now.

Hive and outstanding performance

Despite the dim media light on the Hive, it is one of the best performing currencies in the recent period, as it continued to rise in the midst of the great decline of Bitcoin, and although it corrected a simple correction more than once, it only returned to rise alone despite the decline of most cryptocurrencies.

This great performance by Hive is not a temporary pump this time, but rather it is the result of real activity in the network that led to an increase in trading operations, as the trading volume increased in the last 24 hours for Hive and reached a high of 115% and more than 100 million and from two days the trading volume was Daily increased 200%.

The Hive coin is still at a price of $1.22 with a distinct rise that led to an increase in Curation rewards and great activity in the network, which we hope to see soon in the top 100 coins, but this will happen slowly because we are building a solid ground for the construction to rise on, and not just a passing pump in which the coin rises and the traders reap the profits, then Back to the decline.