HIVE is decoupling from the rest for the better
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!
Posted Using LeoFinance Beta
@chorok has forecasted it.
https://twitter.com/thecryptorunner/status/1489184686391894016
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
I'm always confused by the Hive Dollar situation as well and what would it take to help keep peg on the exchanges better. Maybe getting it on a few more exchanges and I wonder if tokenizing it on smart contract platforms like the Binance Smart chain and having stablecoin farms where it is paired with USDC, BUSD....etc would help.
A lot of people are locked out of Bittrex so maybe having Hive Dollar on ProBit and HotBit would incentivize people to come in and buy it up below $1 in the anticipation that it will regain the peg.
Good ideas here, there is a liquidity pair in Tribaldex trying to do so as well
Hmmm, I haven't heard of Tribalex
I think the web3 tokens are moving up. Not sure about the other tokens but BAT jumped up at around 26%. I am beginning to think that somebody somewhere is scooping potential web 3 tokens in the market. My guess.