This is the first time I am seeing such a big difference between the price of #hive and #steem. You can see on the chart that the price of #hive has come down 6.7% in the last 4 hours but against this the price of #steem has gone up 7%.
Besides this there is also a big difference in volume. According to Binance the total volume of #hive is around 300K USDT, while the volume of #steem is 1.3M USDT.
It is very sad to see hive at this price and even more sad to see its opposite coin #steem increasing. What could be the reason for this? As far as I understand the investors of #hive are either panic selling or they are tired of this low price.
On the other hand the investors of #steem look satisfied. In this bear market its price increasing shows that investors are in buying mode or those who staked their coins are not panic selling.
Because I often notice their price difference but this kind of difference has come for the first time. Before this the difference used to come during pumping and dumping which became stable quickly.
But this is not pump and dump this is price stability. #steem is continuously going up and the volume is also increasing. While the price of #hive is down compared to other coins.
To stop this investors should not panic sell but hold strongly so that price stability can come.
I have added #steem and #hive to bot trading. In this situation the bot has sold all #steem and moved into #hive which means that selling is more in #hive and buying is more in #steem.
I hope this difference recovers soon so that my bot trading also becomes normal and most importantly the price of hive makes a good comeback.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
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