Hive In Beast Mode
Hive over the last few days has proven one thing the last rise was not a pump and dump. Since August we have seen some weird price actions which resulted in small marginal gains. The price we jumped up from was around 83c and two days later is still roughly up 20% which is not that normal considering what we have seen thus far. This is excellent timing and could not have asked for a better move at this point in time right before a bull cycle for the alts.
I didn't see this coming as having Hive at $1 and remaining stable is a perfect launching platform for what surely lies ahead. When the alt coins finally explode Hive has already done a remarkable 713% this last year alone. Any normal year besides a bull cycle year we would be ecstatic already, but we know there is more in the tank with what we have.
The 90c looks as though that is the new resistance point which is fantastic and honestly hope it stays like this. For Hive to be somewhat stable at $1 when we have seen many of the alt coins tanking and only starting to recover it has given Hive a head start. My portfolio is down due to the dip so the 20% gain Hive made is more like 40% compared to the majority of alts. Funny how people look at a project once it has more value and surely this will be the case with Hive. People wont buy it at 20c or 80c, but now that it has a $1 sign in front of it it will grab more attention as that is how humans operate.
We all know what we have here and what Hive offers so this is no surprise to any of us as it is fully deserved. The Bull cycle is going to be more and more interesting as anything is possible now from where Hive is now sitting.
When I saw the latest pump I thought we would climb from 83 c and come back to around the 88c region as this is what has happened for the last 3 or 4 months. Small increments of growth and this one being 20% is very welcome.
Roughly around two weeks away for the regular Korean pump that happens in the first week of every month (very welcome) it will be a good time to watch what might happen this time around. As I have said before I have never experienced a bull market so I literally have no clue what is even possible but a $2 or $3 Hive would seem rather disappointing after what we have seen thus far.
We see others calling for 10x or more and Hive will get there at some point even without a bull market just by what we have being developed. We don't need the pump and dumps to be relevant as over time Hive will gain in value as more and more see what we already know.
The more I see of what is going on the more bullish I have become and never for one moment doubted the success that is coming to this block chain. The best thing we ever did was move over with the Hardfork as it has only proven how much everyone was being held back. Big things lie in stall and all we need is patience as good things come to those that wait.
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