BMR for 24th May 2021 - What is driving Hive up? Who is buying?
A little before I went to bed last night, I was checking the price of Hive. As you can see by this 24 hour screen shot when some buying volume came in Hive shot up to a high of 57.74 cents USD. Nicely the volume and price is on an upward trend.
But as my title says I always wonder, out of curiosity, what and who are buying. I find it harder to find this information than I do for bitcoin.
But it sure does look pretty.
Hive: $0.4249 up 14.02% A great indicator of how Hive is doing is how it compares against BTC and ETH and it is up against both. 0.00001164 BTC 7.65% and 0.0001873 ETH 2.33% Just shows that Hive is just not following upward trend of the markets but pushing past it and climbing for other good reasons (that are beyond me at the moment).
Bitcoin: $36,549.77
CUB: $0.9
Chia: $741.08
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Have a great day all.
Bradley
It must be the UTOPIS, @chronocrypto is farming ETH to buy Hive and pay out to token holders.
Well, that is cool. !BBH
😉
Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work