So all over the discord channels I’ve been seeing people say that they are the reason Hive has been pumping…
That might be true on some occasions but I would assume the reason Hive is pumping is due to a Korean exchange (UpBit) and it’s happened before with a little coin named steem, First it started off with SBD being pumped and then Steem reaching $8. HBD was pumping Baptist to Hive pump history repeats itself.
This past couple of days we’ve seen hives go up and then crash down and then go back up again up to $.40 and now it’s around $.35 UpBit Being a Korean exchange.
I would assume with a 33% volume of total being traded is done by then it could be just to make fun of us it could be because it’s easy to pump us and take profits which is not bad but we have our hive locked up.
Now with the 13 week power down it would be sweet if we had a four week power down but we could see one of two things happening we can see the price go up but I can actually see the price of hive crashing drastically only because people want to get out and they want to jump into coins that have been outperforming hive the last year.
What’s sad is that bittrex is still in maintenance mode it could be because it’s being sued by some of the members in the highest community do to it using it stake for the wrong reasons. And it’s number 11 as far as trading volume for hive.
So in conclusion I was going to level out to the prices we have seen the last couple of weeks if you have liquid highs do you want to take some profits nothing bad about that keep in mind though I will pop due to everything that’s been brought into hive.