It's been an amazing couple of days on the Hive blockchain, hasn't it? We've seen the price of Hive shoot up by over 60%, it's a staggering performance. Yes, we all like a good pump, sure we do, but what explains this price surge?
Usually I would pop into various Discord servers including the awesome Mancave and the amazing Pulse server and ask around. Which is what I did. But this time no one seems to know what has triggered the price climb.
Hive weekly trading chart - up nearly 25%
Yesterday Coinbase recorded a price high of $0.96, that's even higher than I thought it went! It's back down again now to $0.62, which still represents a near 25% increase from the previous week, when looking at the weekly trading chart above.
Whatever the reason which explains this latest pump it demonstrates a token that is vibrant and healthy. If in the middle of bear season it can achieve these jumps that to me speaks of strength. There is a determined buoyancy in the Hive token which of course reflects on the wider Hive platform and eco-system.
I have only just restarted blogging on Hive again after a long hiatus but I see that I picked my timing right! Hive has so much going for it with lots of development going on and a very enthusiastic community supporting it. And it's still early days for this incredible platform.
We haven't seen anything yet!
Peace and Light,
GoldStreet