HIVE, the native currency of our beloved new blockchain, has quintupled (5x) in the past 2 days! From 0.12 USD to 0.64 - putting it at 4 times the value of STEEM!
By most accounts, this move began when Huobi (a crypto exchange) announced they now transact in HIVE, and introduced a contest to raise awareness of the currency.
While I myself don't use exchanges, and certainly never hold any currency there, options like this are clearly good news for all of us.
What's next?
We don't know if the move is finished yet, so this might not be the top yet. But at some point, my instincts tell me there will be a correction. Not all the way back down to 0.12, but perhaps about half of that distance. When the contest ends, some participants will dump the HIVE they purchased to try to win. Not everybody is going to keep this HIVE and power it up forever. So when it hits the market, upward momentum will turn, and the currency will migrate into stronger hands (for another eventual move upward).
Check out this comparison:
I think cryptomarketcap should add HIVE to their rankings! Looks like HIVE has 3x more market cap than STEEM!
I continue to post to both chains, and don't intend to sling any mud, but it's nice to see Hive gaining acceptance and value.
Hive alive!
DRutter