Happy to see that HIVE behaves totally independent of what the general norm of the market demands these days.
Given that BTC suddenly fell yesterday from 39,000 to $36,000, I expected, as usual, a similar drop in the rest of the market... and it has, but not in HIVE.
HIVE has grown 34% in the last few hours... and let me tell you, I have no fucking idea why.
The only thing I see is HBD losing the PEG again and moving towards $0.90 on BITTREX, which I hope will not last too long...On UPBIT today it is something else, the trading volume on HBD is higher than on BITTREX and the price seems to stay around $0.99.
It's a shame that HBD is listed on so few exchanges, maybe it's a point where we should put more efforts as well.
Anyway, I just don't see that there is a direct relationship with the rise of HIVE... in fact, it should be HBD that goes up given the great opportunity to get 12% APR if you keep the HBD in "Savings" since your demand should be higher now...
I'm looking for more reasons to justify this "decoupling" of HIVE vs BTC today, I guess we'll find out soon, or maybe it's just one of the many surprises that the crypto market gives us, without justifying it.
enjoy!