From $.11 to $.56 in 3 days? Welcome to Crypto...
And they said Crypto wasn't wild anymore...
Where else can you have an investment go from $.11 to $.56 in less than 3 days?
For those that are counting, that is a 5x gain in less than half a week.
The only place those kinds of gains happen is crypto, penny stocks, and weekly options.
Well, maybe casinos as well, though I have never been on that side of the transaction at a casino. :)
Anyways, If you haven't realized yet, HIVE is the coin referenced above and it has been on an absolute tear these last few days.
Check it out:
(Source: https://www.coingecko.com/en/coins/hive)
New exchange listings for the win!
This kind of price action has coincided with a couple new exchange listings. Specifically, the addition of Huobi Global...
Just as much as the price increase, the volume has absolutely exploded as well.
Huobi Global has accounted for something like 90% of the trading volume since it has listed HIVE and this massive run-up started.
Some (much) of that is likely wash trading, but some of that is also just what happens when you get a small project listed on a major exchange where it suddenly has double and triple the investor base that it had previously.
https://hive.blog/hive-148441/@jrcornel/curious-who-s-driving-the-volume-for-the-usd-43-hive
This underscores how important it is for us to get HIVE listed on as many major crypto exchanges as we can if we want to see HIVE valued as high as possible.
What can we expect going forward?
The good thing about price increases and new exchange listings is that they often beget more price increases and exchange listings.
There is a positive feedback look of sorts where exchanges list a coin, it goes way up, and then more exchanges want to also list that coin, and then it turn it goes up some more.
Plus you get all sorts of traders and crypto news sites talking about the coin due to the new exchange listings and massive price gains.
It all sort of feeds on each other.
Right now is the time for HIVE to be reaching out to each and every exchange and inquire about a potential listing.
We need to strike while the iron is hot!
I am already beginning the process of reaching out to a few exchanges myself.
Stay informed my friends.
-Doc
@jrcornel
I'm really impressed with this appreciation (I mean, this is amazing!) and this news led me to write this post: https://hive.blog/hive-148441/@wiseagent/hype-for-hive-is-the-phoenix-effect-coming
Hive is ALIVE (and kicking, haha)!
Nice, checked it out and threw you an upvote. The Phoenix Effect... where resurrected proteins double their activity levels!
https://www.sciencedaily.com/releases/2015/10/151001094317.htm
The Phoenix Effect is awesome!
Also... Thank you very much for the upvote, @jrcornel.
When will Binance launch Hive? We wait for Hive at a price of $ 1)))
Posted Using LeoFinance
My guess is that with all the popularity HIVE is seeing right now, Binance lists/launches HIVE in the coming days/weeks...
I think all exchanges that supported Justin Sun will list Hive so they can manipulate the markets... Most exchanges that had Steem listed now hold Hive and they need enough buyers to dump their coins.
It is wow 😋😋👌👌👌 but Hive is cool
We 🖤 Crypto
I cannot wait to get in on HIVE, the only issue is you can currently only trade BTC or USDT for it on the exchanges. So...Coinbase still won't let me transfer my BTC for another 5 days so hoping the price hangouts till I can get my trade on 😁🤑. Then guys I pray it rockets to the moon and honestly believe it will! Great post btw thanks so much @jrcornel ...totally resteemed!
I believe Bittrex allows you to deposit fiat now as well.
Yes but takes a while for an approval from my understanding. I'm still on a wait list and it's been almost a week. 😔
Coinbase :)
That is one for sure. I am sure they could use a few more popular projects right now... they have been somewhat stagnant lately.
I remember you have contacted them before... so I guess you know the process
0.56 is incredible
Or if you let the print machine going. ;)
WOw, so it's like a tidal wave that keeps building and building.
There is higher risk of things backfiring when Hive is listed on highly manipulated market... It is usually only safe to buy when the price is really low. For Hive the strong buy signal is around 0.25 USD and weak buy signal is around 0.50 USD.
It's unlike any other asset I've traded. The only thing I can compare it to is trading options. Buying short dated options can be like crypto on steroids...
I regret not buying it when it was 10 - 12 cents. It stayed there long .
I wondered why my account value jumped, I did a double-take. Been so busy with classes and prepping for this virus, I've missed out on the drama with Mr Sun.
I'm unsure where to post. In a community? On my Hive homepage? Does Busy work with Hive? On Steemit? When I posted in GEM, it shows up on my hive page, but under the "posts" tab instead of the "blog" tab (I thought it would crosspost to Steemit as well). You can see I've been out of the loop for a bit.