I think we are all excited about the latest developments with HIVE's price lately now that IVE has been added to the futures markets. If we take a quick look back at the last 3 weeks it is easy to see how this is playing out and why we should all be nervously excited for what this year may hold.
The depth is something to watch as it literally disappears when the pump happens.
There is no doubt that the HIVE price is being manipulated and whoever is behind this is making big money or otherwise this would not be happening. Exchanges are also getting involved listing HIVE/USDT because they would also like to make some extra money.
It was not tat long ago 20/12/24 HIVE hit 20c and since ten we have been on an upwards ride. 23rd December a low of 23c and a high of 40c, 29th a low of 34c and a high of 49c, 5th January a low of 35c and a high of 68c and today a low of 49c and a high of 62c thus far and somehow suspect we are not done yet and expect another pump tonight as last night was what looked like a warm up as we hit 62 c so easily and the faded away. Maybe whoever was behind this was just testing the waters removing ay resistance that may lie ahead.
The really good news which is replicating the past is that with every pump and dump HIVE is growing in value by small increments. The 23c low growing to a 34c low within a week was still nearly a 50% gain and then to a low of 49c where we are currently is another 45% gain which is being held. These are massive gains and were HIVE is benefitting even though the price is very volatile.
Last night I was going to trade and something just seemed off as the momentum was not there and did not want to get caught out in case there was a second pump which happened last time. This was very different and why I think it was a warm up which we have seen before many times before.
I guess it will be another late night as these events seem to only kick of at 2am my time or midnight GMT, but they are fun to see happen live. The hope each time is to pick up some extra HIVE and I have done well of late with roughly 300 HIVE earned over the last 2 pumps. Who knows how much can be earned over the coming months, but it is definitely worthwhile losing a few hours sleep here and there as this is real entertainment. You do forget how fun trading is when you have a staking mindset and have taken a back seat for years.