And they said Crypto wasn't wild anymore...
Where else can you have an investment go from $.11 to $.56 in less than 3 days?
For those that are counting, that is a 5x gain in less than half a week.
The only place those kinds of gains happen is crypto, penny stocks, and weekly options.
Well, maybe casinos as well, though I have never been on that side of the transaction at a casino. :)
Anyways, If you haven't realized yet, HIVE is the coin referenced above and it has been on an absolute tear these last few days.
Check it out:
(Source: https://www.coingecko.com/en/coins/hive)
New exchange listings for the win!
This kind of price action has coincided with a couple new exchange listings. Specifically, the addition of Huobi Global...
Just as much as the price increase, the volume has absolutely exploded as well.
Huobi Global has accounted for something like 90% of the trading volume since it has listed HIVE and this massive run-up started.
Some (much) of that is likely wash trading, but some of that is also just what happens when you get a small project listed on a major exchange where it suddenly has double and triple the investor base that it had previously.
@jrcornel/curious-who-s-driving-the-volume-for-the-usd-43-hive
This underscores how important it is for us to get HIVE listed on as many major crypto exchanges as we can if we want to see HIVE valued as high as possible.
What can we expect going forward?
The good thing about price increases and new exchange listings is that they often beget more price increases and exchange listings.
There is a positive feedback look of sorts where exchanges list a coin, it goes way up, and then more exchanges want to also list that coin, and then it turn it goes up some more.
Plus you get all sorts of traders and crypto news sites talking about the coin due to the new exchange listings and massive price gains.
It all sort of feeds on each other.
Right now is the time for HIVE to be reaching out to each and every exchange and inquire about a potential listing.
We need to strike while the iron is hot!
I am already beginning the process of reaching out to a few exchanges myself.
Stay informed my friends.
-Doc