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@forexbrokr
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Now that HIVE has settled back into the range like you've identified, it's safe to say that the rip to $1 was purely another low liquidity pump and dump play by the Koreans.

Good on them for taking advantage and making some serious money trading.

But that doesn't change the fact that all the on-chain data points to HIVE experiencing a huge supply crunch.

There just isn't as much HIVE on exchanges to sell anymore.

With this level of demand coming from Splinterlands, it is literally impossible for price to keep sliding.

Say the Koreans dump what they have left, Splinterlands just buys it to create new accounts.

Eventually they run out of supply to dump and all that's left is demand.

The result?

HIVE moons.

Just wait for it :)

Posted Using LeoFinance Beta