#Hive is on a ride and its good for all of us at Hive. We expect a better price for hive coin and no maximum limit. The community is very active on X. If you explore #hive on X, you will get a lot of content. Its fun to see what people talk about hive. I do this often and think many people do it when the price is good.
Some people say that $1 is too close for the hive to reach. I also think the same but I want to raise a question where is this volume coming from? Lately, many exchanges have listed HIVE on their futures, so is this the reason for the price increase? Let's figure it out...
Right now the price is $0.63 and there is good volume also. Now I will check more about it in coinmarketcap. This is a good website for more statistical data and I check it often.
Following is the list of markets for Hive. It says that over 66% volume is coming from Upbit exchange. This is a Korean exchange so the volume is in KRW pair. Only Koreans can use this pair and the exchange does not allow international users.
Binance is on the second rank and Bitthumb is on 3rd place. I have not used this exchange ever so don't know much about it.
I have heard that Koreans often pump hive but that does last long. This time also major volume chunk is from Korea, so is it temporary? I don't know and I also can not say if this is going to grow more or less. If it turns out that Binance is on top we can expect more stability. I may be wrong but this is what I've observed based on hive history.
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Woww, perhaps no one would have thought about this point.👏🏼👏🏼
So, knowing all this can we say that this upmove won't be that sustainable?