I hope you are doing well.
Today, when I checked hive price on ecency.com, I was surprised to see a unexpected jump in Hive price.
I couldn't believe what I saw. I checked hive price on coinmarket cap app and found what you can see on this chart. There was a massive jump of 50% in Hive price within a few hours. I should say this happened within 12 hours as hive price was around $0.06 at 6 AM and it touched $0.09 before 6PM. Off course, Bitcoin and Ethereum are performing well during this month but Hive had outperformed all the top cryptos which is unprecedented. I had never experienced such a massive jump in hive price.
After touching $0.09 price range, profit booking started. Now its price has came down. It is still around $0.082 when I was writing this. If it may sustain at this level, we may see further jump in Hive price. And reversal may come if price comes below $0.075 range. I have not analyzed its price but other experts have given this resistance and support level.
I don't care about the price action. My concern is about this massive jump. Is this a real breakout or just a pump and dump scheme is difficult to say at this moment. We need further data to confirm. Overall, I am happy that at last hive has shown some kind of reviving signs. It means this blockchain and its native token is still worth buying. Within a year I had increased my staking from 10k to 18k which is almost 45%. I wish to increase my stake whenever I will find a suitable time. You should also invest wisely. Fear of missing out may be a dangerous thing for your wealth.
Thank you!
