Hive observe massive gain despite market dip
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, Hive observed a massive gain of more than 60% in last 24 hours. Interestingly, pump observed 3.55% dip in last 24 hours.
source
Hive observed a lowest worth of $0.526 and highest worth of $0.97. However, coin unable to sustain its worth and at the time of writing coin is trading around $0.867. Overall coin observed 61.96% rise in last 24 hours. As per coinmarketcap data Hive 24 hours trading volume in last 24 hours is about $806 million which is more than double of the $375 million of Hive market cap. Out of $806 million $611 million traded on Upbit Exchange. More than 75% of trading volume came from Korean Based exchange. World largest exchange by volume Hive trading volume is around $98 million. Two exchanges has a trading volume of almost 90% of the overall trading volume. Upbit massive trading volume helped Hive to gain momentum.
Massive trading helped Hive to grab 101 position in coinmarketcap list. Hive has tendency to go high. In my opinion, Hive is still the undervalued coins according to its potential. Coin is no where near to its potential. Hive Blockchain is the home of amazing platform like splinterlands, leofinance, risingstar and so many other dapps. Coin has potential to grow massively.
Massive trading on one exchange is not good for Hive itself. We need stability in price. Steady growth in market may help to give value to Hive. Hive deserved steady growth rather than pump and dump. Let's hope to see sustainable growth.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
Posted Using LeoFinance Beta
I sold my liquid. Now I pray it goes back down so I can buy back and grow my stack. I've watched too many pumps come and go without doing this. With my luck it will probably moon lol
Posted Using LeoFinance Beta
That is crazy how the price spiked and still holds up. I wonder if this is a power play or what will happen - pump and dump...?
Posted Using LeoFinance Beta
Massive trading on one exchange is not good for Hive itself. We need stability in price. Steady growth in market may help to give value to Hive — well said and spot on. Stability in price is what gives the blockchain uttermost value. One should not be carried away by the constant pumps and dumps.
It was a really massive pump, the most interesting thing is that the global market is down by 0.9% making a 63% pump in fee hours, hive is not just a coin, it a safe haven.