Today, sportstalk tokens were pumped up when it reached the heights of 0.00058 hive per token. There could be a big party in the investors of sports token holders today.
However, this may not last for a long. The reason is the gap between buying and selling price.
At the time of writing this post the buying price was close to 0.000367 hive per token whereas selling prices were close to 0.000569 token indicating that this is an whale activity.
Some whale wanting to increase the stake in sportstalk simply bought out all the tokens in the market at market price without placing limit orders.
These prices dont sustain much. Any seller who is looking for quick exit or unaware of limit orders can sell the tokens at offer prices of 0.00036 and the prices can drop. These artificial rallies are not helpful for the price rise. There has to be more buyers at the price levels of 0.0056 and above, which would then support the prices of sportstalk at these levels.
Overall the situation looks promising for hive token holders and indicates bullish trends ahead. However, it may be short term