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The chart shows a steady decline. If the is the result of a downward pressure from the high interest on HBD; there is no reason to believe that HIVE will pop in relation to BTC.
HIVE, along with all of the alt-coins on HE, probably would pop if the witnesses significantly dropped the interest rate on HBD.
RE: Users Converted Over 1.2 million HBD to HIVE During the Dip this Month