Yesterday, you must have noticed how #HYPER coin pumped. In just 5 days, the price increased 5 times just think, if someone had invested $100, it would have become $500. I also missed this pump, I never heard this coin name but when whales wants to manipulate any coin they can.
At that time, the market had was crazy and its trading volume reached 3 billion, which was just slightly less than Bitcoin's volume. This is not a small thing. Such a high volume shows how much trust people had in this project.
But still I did not trust this coin and didnot buy in spot. This coin is crazy moving 5% up and down within minutes. I thought staying away from this coin will be better for me.
And the most special thing was that in futures trading, those who were taking long positions were also getting 2% funding fee. That means profit was separate, and bonus from the fee was extra.
The purpose of this funding fee is to adjust the future gaps. The funding fee in minus means that majority of the traders have opened short position ad they have to pay funding fee to the long sides.
The crypto market can surprise you anytime. Its an unpredictable market. The same can also happen with hive and it all depends upon the whales that which coin they choose the next.
What do you think will HIVE have the potential to pump like #HYPER coin? Do you think it will reach $1? Will be glad to see your answers in the comment section.
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Best Wishes.
