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A look at how things are going so far for HIVE

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JK
@jk6276
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Yesterday, in my last post on STEEM before the hard fork, I prognosticated about the potential for the STEEM + HIVE value to be greater than what STEEM was worth on its own.

I figure that an early look at how that call is panning out is in order.

HIVE valuation:

Very early days so far, but here is a quick look at the market on Ionomy
(please note this is an affiliate link)

Source: Ionomy site via TradingView.com

So we can see an early spike up to 0.1 BTC which is insanity, however recent trades are at 0.000026 BTC. This equates to a USD value of $0.1586 based on a BTC price of $6100

Hive = $0.1586 USD currently

STEEM valuation:

Also direct from the tradingview we have the following 24 hour chart for STEEM/BTC (from Binance)

Image Source: tradingview

Currently trading at 0.00003022 BTC. This equates using the same calculation as above (BTC = 6100) To a STEEM price of 0.1843

STEEM = $0.1843 USD currently.

Current combined value of HIVE + STEEM is $0.3429

Important to note that the the HIVE price will be quite unstable, there is a large BID/ASK spread on Ionomy and not significant volume yet for accurate price discovery.

STEEM value 24 hours ago was 0.00006418 BTC which is $0.3914

So far we are down 5c from 24 hours ago

However, STEEM 5 days ago was around 0.000025 BTC or $0.14 at the time. This gives a gain of 20c over the week for the combined assets - not a bad week.

Lets revisit this topic in a week or two once markets stabilise and the fomo settles.

By the way, Ionomy looks like a cool site, no KYC and super easy sign up. Check it out from this affiliate link

Cheers,

JK.