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Hivecoin showing signs of life – at last

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@julianhorack
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Finally, I can say with more certainty than usual that along with bitcoin, our social media cryptocurrency – Hivecoin – is also pumping. Up from a rather stagnant period at $0.13, price has escalated to $0.20 in the past two days. I had given up hope, which is just the time that these things happen. When you capitulate, when you feel that all hope is lost, that’s when the move comes. Fortunately I have not sold too much of my coin. At this stage. I have it all and now I can see the profits.
In the past, when I first joined the social media site called Steem (which is now Hive), the currency was worth around $0.40. Over the past few years it fell to as low as $0.10 the other day, but now – with the cyclic bull market, it appears to be on an uptrend once more. We’re not out of the bearish situation yet. Remember that this coin was worth over a dollar and way more in past years, back in 2017 or thereabouts. It even went much higher than that, but I won’t pin my hopes on that height being reached again.

The price of Hivecoin has just pumped 12% in the last 5 minutes, as I write this. But then fallen just as fast, back to $0.20. It looks like a lot of volatility is entering the market right now. Since there’s very little place to the downside, and Hive appears to be on a cautious uptrend this month, I am cautiously optimistic that price will continue this gradual climb.

Long term “hodlers” will be pleased. They have been patriotic and devoted to their social media platform and their beloved coin. And it seems to be paying off. If this uptrend can continue now, in the shadow of bitcoin, then we may be in for a year of steady growth across the board in cryptocurrency.

Bitcoin has just once more broken upward to new ATH (all time high) levels close to $50k in the past 24 hours. It looks like the next leg of the uptrend is continuing. I won’t bother doing too much TA or analysis of the price chart, because Hivecoin is known to be very volatile with massive spikes and thus wicks to the candles of the hourly price chart.

As long as the overall trend remains upwards and upbeat on the daily chart, long term, then I will be happy as will many Hivecoin “hodlers”. Even if we do nothing now, price can do all the heavy lifting. Bitcion, of course, will be the major force of gravity to pull all the various cryptocurrencies up along with it. Some will explode into magnificent profit and some will do ok, I expect.

Where Hivecoin will fit in this crowd is anybody’s guess. We can safely say it is a midrange coin, and that’s fine. We have other investments that will max out the uptrend. Thereafter it’s up to the individual investor to time the top, or when to sell. Some estimates suggest that this bullish momentum will continue all year, to late 2021, but no one can be sure. We will have to watch carefully and take it as it comes.

After the 15% pump and dump that we just saw in the Hivecoin chart, occurring over one hour, you could say that we are in for a bumpy ride, and that’s fine. Going to the moon was not going to be easy. As JFK said before being assassinated by the CIA and particularly the banksters he was fighting to terminate:

“We choose to go to the moon and do the other things, not because they are easy, but because they are hard.”

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