RE: HIVE Had More Trading Volume Than Cardano, Polkadot, Avalanche, Polygon and Tron | This is How I Traded
You are viewing a single comment's thread:
https://hive.blog/hive-167922/@taskmaster4450/pumps-the-reason-hive-and-hbd-need-derivatives
read @taskmaster4450 article. he mentions only $223m HIVE is out on the market for trade. the 24h volume was 870m on the top. That's even worse, 4x of the total tradable assets... it wasnt just some bought a dip sold the top, if it was he did it twice. even after @taskmaster4450 new info to me, i dont understand.
i've seen similar too - but not the same -, maybe 2-3 times or with totally new, very cheap coins more often. just 1/3 of the marketcap value disappeared, that's a big red flag for me.
0
0
0.000
Take a look at a chart like this one on TradingView. The price goes up and down a lot and this volatility goes up during steep rises and falls in price. Day traders don't simply buy once and sell near the top. Some do that while others (especially trading bots) buy and sell many times every hour to maximize gains. More volatility leads to more opportunity to make profits day trading.