The bearish trend continues after hearing the bad news of the SEC and Binance issue. We all know that Binance.US has recently announced that they are suspending Withdraw and Deposit till next week. This action came after SEC sue CZ (Binance) for not following the crypto regulations.
I am not sure what the is the matter between them but I came to know that Binance is shutting down its service in US and that is one of the main reason for todays pump. You may noticed that Bitcoin drops only 3% while other altcoins dropped more than 20% and even HIVE coin drops about 13%.
I dont want to talk in debt about todays crash and what are the reasons behind but rather will talk about king #LEO token which survived during this time. The only coin which does not loose its position is Leo token.
Despite such market crash where majority of the altcoin bleeds but the only coin which does not loose its position is Leo token and that is how a successful project seems like. I am much scared about HIVE coin which fails to maintain its price level.
Analyzing the Binance-SEC Issue and HIVE's Vulnerability
Its very absolute that any project which is backed with good features and innovates will never be scattered but rather will be firm on its position. I have heard about HIVE coin that its one of the best project among cryptocurrency and has the brighter future ahead, but I don't think so.
An coin having good project will never loose its position in case of any market crash. One of the finest example is Leo token, why it doesnot crashed? Isn't this coin the part of crypto market? Yes, this coin did not crashed because it have firm and successful project.
The team behind this coin are working hard to manage the position of the leo token and the leofinance. According to my thinking and knowledge Leofinance team and members must come forward for hive blockchain to make it more stronger.
HIVE coin must be more stable with having such good projects, it must be stronger then other altcoins because also having low volume. Its absolute that low volume coins are more stable then high volume.
This is because the price fluctuation in low volumes will decrease but unfortunately yesterday we have seen HIVE coin on the top loosing its position. According to me this coin must get stronger and learn to maintain its position because this have peg issue with HBD.
Another danger is with HBD if another bad crash will occur there is also probability that HBD may break its peg ratio which can be the result of Terra Luna. I am not criticizing hive coin because I am also invested but only sharing my thoughts about this coin.
Leo token seems more stronger and for that I really appreciate leo users, members, team, investors and congratulates them for supporting such beautiful project. I wish this project will be helpful for HIVE in future and will give more wealth to the hive ecosystem.
What do you think about yesterday's market crash? Do you think HIVE must not dip that much as other altcoin do? Are you seeing HIVE project among the successful ones? Will be glad to see your answers in the comment below.
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NOTE: IMAGES ARE TAKEN FROM CANVA.
ALSO IMAGES TAKEN FROM LEOFIANCE
Thank You!
Best Wishes.