Hi there my Hivean friends and followers!
It has been a while since we had a nice Hive pump and I think we are all excited to see the one that is taking place on the market right now. That´s right, Hive is pumping (I hope you got my lame pun referring to Arnold Schwarzenegger´s iconic motto about pumping iron) so let´s take a look at what exactly is happening here and possibly also why.
Usually, in the past, these sudden massive pumps were caused by moves on the South Korean markets but looking at the time of the beginning of this pump suggests it may not actually be the case this time. According to CoinGecko, the pump started at pretty much exactly 1 A.M. my time (CET), which was 9 A.M. in South Korea.
Today is Saturday so it doesn´t seem very probable to me that such massive buying would take place so early in the morning during the weekend. Here in Europe, it was already after midnight (or around midnight, depending on where exactly in Europe you live), which doesn´t seem to be a good time for trading of such a giant scale either so maybe, it was our crypto fellas in the Americas who triggered this pump. Was that really you guys? :D
As for the pump itself, it caused our beloved coin to rise by almost 40% and during the peak of the pump (so far), the price even broke through the $0.60 mark, which is really impressive.
This price spike immediately capatulted Hive into the Top 200 coins by market cap as we are currently sitting in the 180th spot (before the pump, as far as I remember, we were hovering around the 220th spot). The 24h trading volume has increased dramatically as well...
As of this this writing, the 24h volume is almost $350 million and if the pump keeps going for a bit longer, we can easily hit $0.5 billion, which would be absolutely smashing because normally, in quiet times, the 24h volume of Hive is just a few million dollars.
So yeah, these are pretty exciting numbers here and we will see what happens in the next few hours and days. After such a massive pump, a pullback is almost sure to be expected but it would be really cool if the price stayed around or above the $0.5 mark and also if Hive stayed in the Top 200 where it absolutely belongs. I know it belongs much higher than where we are even now but let´s take it step by step ;)
What do you guys think of this pump? Have you managed to make some profit out of it? If I had some liquid Hive right now, I would probably sell it for HBD on the internal market and then, when the pullback comes, I would just buy it back but I have been lately putting everything into my Hive Power and Savings so unfortunately, no available liquids for me to play with :D :(
Btw I just checked the price of HBD and it´s where it´s supposed to be, at $1, which is good. A stable should be stable, no matter what ;)
This post was created by me for the Hive blockchain exclusively. All rights reserved.
🔥🔥🚀💪
(kupuju plot, naschle prazaci..)
:DD ...jak by řekl Ibra: pole pole!
Pampy pampy....vibezzzz!!✨
Hive is performing so good in the market, it will be so nice if hive stay above 0.5 for a longer time.
I hope we will stay there indeed! And then off to 1 dollar ;)
Reaching 1 dollar will be more better.
9AM South Korea is always the pump time. It was them at it again.
Oh really? That´s interesting. They must be early birds then, here in my country, many people are still sleeping at 9 A.M. on Saturday :D Thanks for the info! And thanks for another nice pump, South Korea :)
Hell yeah, I had an excellent morning today :) I was sure there had to be a pump on bitcoin too, but no. Our coin is doing great! I had been searching for any news or events, which could cause that pump, but I found nothing. Maybe it's related to the Splinterlands game... Anyway, let's hope the trend continues. I've got some liquid Hive, but I'm waiting for an even better price, around $1. Then I plan partially swap it to HBD and send to savings. I'm a quiet hodler ;)
I haven´t found anything particular behind the pump either but it´s still perfectly fine with me hehe :) I like your plan, sounds reasonable. I always have this little dilemma whether to put my payouts into HP or Savings but obviously, having some spare liquids can also pay off during pumps like this one...
Hopefully, it continues to pump and cross a $ and stay there.
That would be amazing. But honestly, seeing how sudden and massive the pump is, I expect a pullback coming soon. But if that happens and we still stay around or above the $0.5 mark, that would be a great start towards much higher numbers ;)
We woke up such a good news today ;)
Actually, in my case, it wasn´t a wake up :D I couldn´t sleep (again) so I was watching the pump at night as well :D :/
Sleep well today then :)
I will try but the full moon is coming and I never sleep well during the full moon :D :/ I guess I´m a werewolf in disguise :D
Everytime I missed the pump. But just now I bought HBD at 1.79 HIVE. That's quite impressive as I managed to buy at that price !
That´s a very good trade, congrats! :)
I didn't expected this pump like this. Haha, it surprised and made my day.
Well, those of us who have been here on the chain for some years have seen many pumps like this but yeah, it never fails to please :)
I just checked the price and get shocked! Didn't expect that much pump! Wow.. At first I thought you are talking about a price of year ago
I guess it was a pleasant shock for you :) Why would I talk about a price from a year ago? :)
Because jumping the price from $0.42 to $0.58 is a big pump and didn't expect it! 😲
It is really nice to see the market showcase such progress.
Seems that it´s just Hive pumping so strong right now, not the whole market...
Yeah I mean Hive itself
You made me want to check the market haha.. Thanks for your post...
You are welcome :D I guess it´s the destiny of us who check the market like 847 times a day to tell others when something interesting is happening :D
Haha.. That's too much..
That's great to pump high
Yeah. Upwards and onwards :)
Hive prices have been pumping quite a bit at the moment and a little while ago I saw it above 60 cents which is really good news.
Yeah, seems to be attacking $0.60 right now again. Awesome :)
The 60 cents won’t be sustainable but if we stay above 50 that would be a great improvement. Next target $1! 💪🏻
Exactly my thoughts ;) Upwards and onwards Hive!
As I predicted in on of my post, the pump was massive today. It was about 36+% on binance early this morning. I had little hive in my wallet so I quickly swap to hive dollar to secure my profit.
Good job :) Both, with your prediction and with the swap. The pump is still going strong. Would be amazing if it turned into an actual uptrend... Will see :)
Hopefully, let's see how it plays out. I pray it turns to an actual uptrend too.
Tak už jen desetkrát víc dolarů za Hive (a stabilně) a budu spokojený ;)
Tak to si asi ještě počkáš, mně by ke spokojenosti stačil Hive i za 2 dolary :) To ale asi taky nebude úplně hned :D
i'm actually expecting that, i have sold MANY ASSETS from spliterlands and took adventage of the good prices, i want hive to go back to 0.41$ as it was before and i will take a profit about 500$ -700$
Wow, that would be a very nice profit. You must have had a lot of funds in Splinterlands :) Seems that the pullback is already here but so far, the price hasn´t dropped below 0.48... I´m really curious to see the guesses from you guys in my tipping challenge tomorrow hehe :)
I was surprised when I saw the price of Hive this evening
Hive is pumping💯💯💯
Yeah, the pump was pretty long. It usually lasts for just a few hours but this one lasted almost one day.
Great to see Hive breaking back into the top 200 again. It has the potential to some day break into the top 50. I wonder what is the highest it's ever been?
Well, I´m not sure about Hive but the "previous coin", as far as I remember, was once in the Top 10. It probably was during the ATH in January 2018...
Thank God I'm not the only one with the "checking hive's price 72 times a day" syndrome. 😂😂
Heh, you read that comment? :D Well I´m pretty sure in my case, it´s actually more than 72 times per day :D :/
When I woke up this morning and saw the hive pump, I was overjoyed. Even at this time if we look at the market we are seeing hive strong. If this rally continue we will see hive can touch 1$ easily in coming days.
Yeah, what an exciting day it was yesterday. The 24h volume peaked at more than 500 million dollars, which is an incredible number. We just need to turn these pumps into an actual uptrend :)
We all hope the price of #hive will always skyrocket.
We do :) Thanks for stopping by man.
I was sleeping and didn't know what happening. Sucha good news!
Yeah, it was good to have a pump like this again and it´s even better than after the pump, Hive actually stayed higher than where it was before the pump ;)
It was nice to see the pump! And tbh s of now, waiting for the next pump ;)
Well, pumps are cool but they still just pumps. A bull market would be better :D I have everything staked or parked in savings here but pumps require some liquid funds to be able to join the party :D :/
But really what caused the value to rise, I have always been interested in those complex systems.
o It will be simple supply and demand...
Lots of doubts.
greetings.
Seems that it was an organized action on Korean markets again, like most of the previous pumps...
This is what i like about hive, Sudden pump in hive price a source of happiness for all the people connected to Hive ecosystem. Some people was expecting HBD price to pump also, but As you have said, It should maintain it's Peg to 1$, the purpose it was created for.
In fact, HBD was also pumped a few days ago, as far as I know, it even hit $1.5 for a while but it quickly returned back to the desired $1, which is good. Stable should be stable. Not like the SBD peg that has been broken for ages now...
Though small, I just sold 30 HIVE for 17 HBD.
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I also wondered about this pump. Maybe you are right - could be the North Americans but it still feels off because it is Saturday. Anyhow, the pump is welcome. Like you I have no liquid hive to play around - maybe next pump.
Seems that it was the Koreans again, must be early birds over there hehe :)
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