Greetings everyone! It's been only 38 days since Hive came to existence, if my memory serves me right, but its price keeps going up and up. I lucky received an airdrop of 45 hive and was able to grow it to 268 hive in the past few weeks. I know that the Hive Community holds a great value, a value that not everyone understands. Earlier today when I woke up around 11:30 PM UTC , I immediately checked CoinMarketCap and found this:
I didn't thought that it will go up even higher and I sold a total of 213 of them at a price of 0.00197 ETH/Hive via BlockTrades thinking that I can buy it back once the price starts to go down however I was wrong and I guess some of you did the same thing that I did.
Based on my computation, I could've acquired a total of 0.914 ETH vs my 0.42 ETH which is almost twice as much but what's done is done and I'm still very grateful of it. I'll be waiting for the price to stabilize and I will start getting Hive back again.
What to do next...
This experience is not new to me given that I've been engaged in trading since 2017. I started looking for updates, news and even movement on the market, its volume and try to check some pattern. I'm not the know-it-all type of trader nor a professional one, I'm just a small-time individual seeing the potential of Cryptocurrency and now, Hive.
Below are screenshots I've taken showing a 12 hour interval on terms of Hive's price starting April 24.
The price plays between $0.10 - $0.12 since April 8 until April 23 and that's when it all started to climb.
In just almost 12 hours, the price picks up by $0.06.
Another 12 hour had past and it slowly picks up another $0.03 .
In just a little over 24 hours, the price went up from $0.12 to $0.32.
Here you can notice that the volume went up by over $1M which is twice as much since last April 23.
Another 24 hours had past with thrice the volume since last April 23 and price of almost 350%.
During this interval, the volume slightly went down however the price was still maintained.
And this was yesterday, from almost $2M Volume, it went up by more than 50x, a whopping $113M Volume which lifts the price to a even higher stage.
And at around 1:00 UTC, Hive's price is at $0.95 and just few more cents, it'll hit $1.00 mark for the very FIRST TIME.
Is this the the highest peak of this Journey this April or it will even break a higher peak? Well, let's just sit back and enjoy the ride and let's see if it will really escape the $1.00 price and moves up to $2.00 before the end of this month.
Thank you for your time and have a safe day ahead