The crypto market is in a nice up trend during these lasts few days, and all the major cryptocurrencies are experiencing a price pump.
HIVE is finally experiencing the dump we were expecting, and we mentioned in our previous post of this kind.
The asset lost almost
50 % of its value against
BTC, and now the
STEEM price is significantly higher.
It is sad to see also how the
volumes rised a lot, and nowthey are around
23 BTC showing a huge sell of, considering the level of
5/6 BTC volumes we were used to see.
STEEM on the other hand, is trying to keep is value after the pump of 3 days ago, a small sell off is in place, but it is "under control".
The volumes as well are around a nice level of
To understand if the sell off will reverse we think that we need to see the movement of the major cryptocurrencies, and if they will get a sudden pump probably
STEEM will follow else this trend will continue.