Just about a week ago, I was writing about how I felt as if $1 was a huge psychological support level for Hive. Since that post, we've seen Hive take huge leaps touching even $3 per token and now it feels like my prediction may have been off.
To me, when I see a token pump and then sell off, it feels like the bottom of the sell off is often representative of where market sentiment thinks the price floor is roughly. Of course I could be completely wrong as I was last week and Hive could even tank to 10 cents, who knows? But at the same time, I just can't help but feel as if $2 is the new bottom after watching price fall from $3+ back down to that mark and now start flying up again.
Here's some proof:
The price hit the $2 mark like a trampoline and has now pumped itself back towards that all time high. This is exciting stuff for numerous reasons as well all know, but the most exciting aspect of this to me is seeing the bigger accounts starting to wake up and fight for a larger share of the rewards pool through mass powering up. This is something that a lot of people predicted and is starting to happen, but what the best part is, is that the smaller accounts who are posting and participating are now reaping huge benefits from just doing what they love.
The fact that people are making $10-$20 on a post right now with ease is huge for the livelihood of many and for the motivation of many. Price isn't all that matters, but it is just really exciting to watch.
What do you think? Is $2 the new bottom for our token?
@sgt-dan with this sick pic:
@gr33nm4ster made this awesome gif I needed to share, we thank him as well!:
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