If you've been looking around then you must have noticed that there's been some upward movement in the price of Hive. I think the chains are finally loose and we're going to be on our way to setting a new ATH in the coming weeks.
Whether it is wishful thinking or not is irrelevant but what it does present for everyone is an opportunity to take advantage of this price changes. I don't think this is the best time to sell but at the same time, I have some hive that I kept liquid for this event, and it is already in an exchange
In the midst of the bull run, Hive has really set its self apart in recent weeks. This run has loomed large for many weeks and seeing it come to pass still feels sort of surreal. The marketcap of Hive has now crossed the $100m range and is steadily rising towards $200m.
WHile Hive rises, Hive-engine coins also respond interestingly to it and opens up opportunity for anyone looking to enter certain projects. For projects like CTP, SPT and others that are exclusively on Hive-engine and hinge exclusively on their Hive valuation, their movement is pretty much identical to Hive's movement.
However, for projects like Splinterlands(DEC) and Leofinance's Leo, an inverse relationship exists with Hive, since they have independent dollar valuation. So, despite Leo rising to a new ATH, it actually is still in the red, since it is technically losing against Hive. DEC is in the same situation.
Leo has been the mainstay of my Hive-engine portfolio and my feeding for that matter. So while the price of Leo rises, it is still technically cheaper than it has been in a long time, and I started buying up Leo more Leo.
At the current price of 1Leo costing roughly 2 Hive, I think that is a nice entry point and something you might not see again in the near future. In the midst of this bull run, the project blank has been getting a lot of people excited and the fact that it comes with an airdrop isn't something to play with.
In the midst of this crazy volatility in the market, the idea of people trooping into buy Leo and stake it to benefit from the airdrop will undoubtedly take the price up a notch. $1 per Leo is pretty much sealed at this point, and I suspect we'll be at the cusp of $5 by the time project blank gets rolling.
There's still so much to come in this crazy market we find ourselves in. Thanks to Hive, we can enjoy the show with our front row seats. WIll you take profit? Will you hold for the future? How much longer will the pump persist? So many questions and you can only find out at the end of the day. At the end of the day though, just make sure you're in a better position than you were before the pump.
