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Hive is Still Flying

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@aimee.tariq
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Weeks ago, the Hive coin began to rise repeatedly and crossed the $1 barrier when the price was $0.82. Reaching $1 was a big pump happening to the currency, and all we hoped for was that the currency stabilized significantly above $1.

About 5 days ago, the currency rose again and reached 1 and a half dollars, then it began to decline and gradually rise around the level of 1.2 dollars, and on the last day of the 26th, about 3 days ago, the currency surprised everyone with a historical rise, as it crossed the barrier of 2 dollars, so many began to sell and freeze the balance to HBD. To 2 dollars is a historical number for the currency since its inception.

But the Hive did not stop there, and the bullish momentum continued dramatically until it reached $3.35 and reached ATH, which is the best ever and was not expected, as the daily trading volume of the currency approached more than 2 billion dollars, and the currency reached the 95th position in Market Cap, more than one billion dollars.

In fact, this bullish momentum was completely unjustified, but it seems that the Koreans had a different opinion as it was the saturation of the Korean trading platforms that led the currency to such a large rally.

Bitcoin Falling

In the past two days, the Bitcoin began to go in the opposite direction and fell to the level of about 53 thousand dollars, and in the meantime, the Hive began to fall as well, and it is not considered a drop, but rather the end of the pump that occurred in the past days.

We still need price stability in order to know the real price around which the currency will settle, as coinciding with the decline of Bitcoin, the currency fell to the level of $2, but it still maintained its level above $2 in a wonderful way.

With the beginning of the rise of Bitcoin again today and its rise to the level of 57 thousand dollars at a rate of about 5%, the Hive also rose and reached currently 2.4 dollars, so will this level be the fixed price of the Hive in the coming period, this is what we are waiting for.

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