When it is so wonderful, we do not look much for the reason. The Hive coin continues to shine and fascinate everyone today, with an increase of nearly 70%, as it made a huge leap when the price of the coin reached $ 0.7 at the beginning, and then I received notifications about the continuous rise, to return again the wonderful coin to break One dollar barrier.
The Hive coin, which rose significantly today, and as I mentioned in the previous paragraph, what pushed the coin to such a big rise, the Steem coin has surpassed the price and jumped to the 154th position on the Marketcap level.
The big Hive rise was accompanied by the rise of Bitcoin to break the $50 thousand barrier before retracing a little bit, but it is still clinging to the edge of that stubborn resistance.
In fact, the rise of currencies was significantly, as most of the Alts such as TRX and Steem also rose, but the Hive's rise was the most prominent on this day.
Perhaps this day will remain engraved in the memory of users of the Hive network, as the currency today reached a new ATH, which is $1.15, and it may be a big boom and the currency will continue to rise to the top to achieve the dream that we all wait for by returning among the top 100.
Disadvantages of sudden rise
You may be surprised by this side headline, but the rise of the Hive coin significantly today may have some disadvantages that were not taken into account and you may be wondering how, so let me tell you:
Most Tribes were affected by this sudden rise of the Hive coin, as everyone sold their liquid to take advantage of this rise and make some profits, but whoever had tokens such as POB and Leo, he sold them quickly to benefit from this pump, so he came to a drop in price Most of the Tribes.
Theoretically, the price of Leo, for example, is stable against the dollar, but it definitely fell against the Hive. Perhaps this is not a cause for concern, but if the price of the Hive falls again, the Tribes will find it difficult to rise again, so I hope we have enough momentum and liquidity will return again.
And you, what do you think ?
Thank You
