Why is HIVE pumping?

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While Bitcoin and cryptocurrencies are facing a major downturn, Hive is proving to be near impassive and continues to remain at very high levels above $ 2.50, after hitting a new ATH of 3.40 in the past few hours.

Where does all this enthusiasm come from?

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In the past 24 hours, the trading volume has exceeded $ 2 billion, an increase of nearly 500%. Half of these trades take place in the Korean Upbit exchange and it is no coincidence that the HIVE / KRW pair exceeds the 1.2 T of trading dollars. WOW!

Why are Koreans buying HIVE?

Korean users are passionate about crypto games, an interest in HIVE could come from games like Splinterlands for example. I encountered a major defibrillation soon after @theycallmedan's announcement on Twitter and the development of a new HBD-based NFT PVP game. Do you remember?

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From the date of the tweet's publication, HIVE had a leap of more than 100% in the next 36 hours. Coincidence? Maybe yes maybe no.

What to expect in the near future?

After every pump, a dump can be expected. Many users are making big profits and the price will inevitably go down. I hope there is some good support between $ 2 and $ 1.50, it would be a very good level to build up in anticipation of new possible upside. Always remember that HIVE had an average value of $ 0.80 a week ago and therefore would still be a nice upside!

What to expect in the near future?

Of course, TO THE MOON! 🚀

Next year will be very exciting: @spknetwork, @splinterlands, @leofinance, @nftshowroom and many other projects on Hive will have a particularly exciting development and we can expect a lot of satisfaction. Beware of selling all your HIVEs now, you might miss the next HIVE train for $ 5 -10 $.

ITA

Mentre Bitcoin e le crypto stanno affrontando una flessione importante, Hive sta dimostrando di essere quasi impassibile e continua a restare su livelli molto alti oltre i 2,50 $, dopo aver toccato un nuovo ATH di 3,40 nelle scorse ore.

Da dove arriva tutto questo entusiasmo?

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Nelle ultime 24 ore il volume di scambi ha superato i 2 miliardi di dollari, un incremento di quasi il 500%. La metà di questi scambi avvengono nell'exchange coreano Upbit e non a caso la coppia HIVE/KRW supera gli 1,2 T di dollari di scambio. WOW!

Perché i coreani stanno acquistando HIVE?

Gli utenti koreani sono appassionato di crypto games, un interessamento in HIVE potrebbe derivare da giochi come Splinterlands ad esempio. Ho riscontrato un defibrillazione importante subito dopo l'annuncio di @theycallmedan su Twitter e sullo sviluppo di un nuovo NFT PVP game basato su HBD. Ricordate?

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Dalla data di pubblicazione del tweet, HIVE ha avuto un balzo di oltre il 100% nelle successive 36 ore. Casualità? Forse si, forse no.

Cosa aspettarci nel futuro prossimo?

Dopo ogni pump, è lecito aspettarsi un dump. Molti utenti stanno ottenendo grossi profitti ed il prezzo scenderà inevitabilmente. Io spero che ci sia un qualche buon supporto tra gli 2$ e 1,50$, sarebbe davvero un buon livello per accumulare in attesa di nuovi possibili rialzi. Ricordiamoci sempre che HIVE una settimana fa aveva un valore medio di 0,80$ e quindi sarebbe comunque un bel rialzo!

Cosa aspettarci nel medio futuro?

Ovvio, TO THE MOON! 🚀

Il prossimo anno sarà davvero molto eccitante: @spknetwork, @splinterlands, @leofinance, @nftshowroom e tantissimi altri progetti su Hive avranno uno sviluppo particolarmente eccitante ed è lecito aspettarci molte soddisfazioni. Attenzione a vendere ora tutti i vostri HIVE, potreste perdervi il prossimo treno di HIVE tra 5$-10$.

Posted using LeoFinance Mobile



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23 comments
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Twitter has been alive broadcasting by members, was brilliant to see upturn today, hopefully not too many sell and stay invested.

This is what many have been waiting for over the last couple of years, let us wait and see over the coming week.

@tipu curate

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thank you very much for the tipu!

These moments are very auspicious, it is clear that too much pump is not sustainable but in some ways we have entered the radar of many investors.

Interesting to see the developments in the coming days and weeks

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We have been noticed, that is good, it will also attract bad, that is life!

Anyone who has been here for awhile will recognize these ups and downs and ride with them out, some may cash in thinking this is it!

Development teams are doing a sterling job, this will attract more interest with ongoing mention within Web2 Social Media, where people are starting to see worthlessness of what is on offer there.

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It’s interesting that you mentioned that half the trades have been taking place on Korean Upbit. If I’m not mistaken the huge pump in Steem some years back was also related to a lot of Koreans moving into the platform, perhaps it was listed on one of their platforms at the time. The SBD pumped real hard and peaked at around USD 15.

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The Korean market has always looked with favor on Steem, now it seems that it is taking a lot of interest in Hive ☺️

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That's true. Most of the "Korean volume" is gone now so the pump and the dump might cool down a bit.

Posted Using LeoFinance Beta

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Yea it sure seems like it. When looking on the chart of Hive the spikes are usually fast and intense but followed by a quite long consolidation. So it’s a small window to make big profit unless you already put some aside in preparation

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Grazie per la tua interpretazione. L’ho trovata molto convincente.
Vedremo poi cosa riserverà il futuro
!lolz

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Io concordo con l’analisi di Caludio... sarei anch’io per non vendere assolutamente nulla

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I've been asking why Hive is up a lot the last fews days and only got an answer that investors put money in some potential projects so it is good to know where they are from and the volume they putting in. Thank you for sharing

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Thanks for your feedback, Hive is still a very young blockchain and now the attention has also reached other potential investors

Posted Using LeoFinance Beta

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Bel post! Non sapevo da dove stessero arrivando questi acquisti. Io sono rimasto molto stupito. Sono stato preso assolutamente in contropiede da questo rialzo.

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Diciamo che qualche segnale era stato dato dai precendenti pump degli ultimi mesi, difficile predirlo ma lieto che sia arrivato

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Interest from multiple exchanges would be much more reassuring. When it's all from one exchange i fear it's being manipulated. Having said that the Korean community is huge so hopefully it's due to a surge in interest.

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I believe it will probably dip to as low as $1.5 after the pump, but considering the incentives to hold, I doubt anything further down to $0.8.

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I hope a little higher than $ 0.80 but we'll see a little. It is not yet averted that it will reach $ 5 by Christmas 🚀

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(Edited)

With the sheer amount of volume i wouldnt be surprised to see crazy things happen. Sure it will correct but maybe it could way up first to the point that a correction to below 2 dollars a pipe dream, at least for the foreseeable future. This pump is the best form of marketing, this pump is marketing.

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Sure, anything can happen in this market. the next few days will be important to understand the trend a bit ☺️

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