Altcoins Flat, But $HIVE Breaks Away
What a morning, guys! $HIVE is up over +40% and has reclaimed the 8-cent level. This pump feels like it came out of nowhere, especially since most other altcoins are flat. Maybe Bitcoin pushing above $80K triggered some traders to open long positions.
The market cap of $HIVE is still tiny, around $50M USD, so even a few larger orders can create significant volatility. We are No 422, right in the middle of Coins I never heard of.
To be honest, I’m not convinced this price level will hold in the short term, as many traders will likely sell into this relief pump. But what do you think? Could this be early accumulation by whales building long-term positions in $HIVE?
