HIVE is decoupling from the rest for the better

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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.

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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.

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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!

@toofasteddie

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6 comments
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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.

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Good ideas here, there is a liquidity pair in Tribaldex trying to do so as well

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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.

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