Social Tokens are starting the pump?
Earlier, I've seen some posts mentioning the current price movement on some of the social tokens and so I went to check some exchanges that I used about it. The first thing I checked is the current of BTC which is sitting comfortably at the 40k level which is not shocking at all.
But then I scroll down to the other tokens that I follow... here's what I found out.
$Hive +6.8%
Based from Coingecko
$Steem 15.5%
Based from Coingecko
$Blurt 173%
Based from Probit
Honestly, I'm not expecting any pump for these tokens this early especially that BTC hasn't reached the coveted 50k price level yet. Probably, some BTC or ETH holders out there are starting to diversify their holdings and put them to something of use. I'm not yet aware of who and why have they made this move at this moment.
Blurt being my most token holding in terms of token quantity is the one which pumped to 3 figures. It's something to expect because of its current price which is very very cheap. I guess the recent debacle that was suppressed after a few days has made some user(s) became more bullish about Blurt.
Another probable reason is the upcoming migration of Blurt to the Cosmos Hub. Personally, I'm really excited about this move because I feel that it could be the turning point that Blurt is really meant to.
At this point, I can't possibly tell if this movement will be sustained or is just a one-time event. For now, I will keep watch for the next events between these 3 tokens.
Go Alts!!!
Posted Using LeoFinance Beta
