With the sharp movements in the crypto market this week, this was bound to happen... As people say, and it's an accurate description of the phenomenon in nature: "a rising tide lifts all boats". That, of course, means bad projects along with the good ones, but at least good projects don't get ignored either.
That's one of the reasons why jumping from one coin to another is a major mistake in the bull market... Eventually, they all go up.
So, HIVE started to push higher quite sharply today, in tandem with the rest of the crypto market. That's a little preview of what we will see more of during the alt season, likely even higher 24h gains than 7.62% as it is now when I'm writing this, when excitement turns into euphoria. It is also quite unpredictable when they happen, especially for HIVE, so one more reason why the strategy buy-and-use is better than attempting to catch different coins pumping at different times.
This 20 cents level was a psychological level that turned into a resistance, and it's good that we are above it, but there's one more close at 20.8 that we need to push through. With so much competition for attention during the bull market these days, it's important that HIVE moves with the alts, and it did.
It also helps with the general sentiment in the ecosystem. Depressed prices made people very concerned about additional inflation and almost any kind of sell pressure. I hope when things will look much better than today price-wise, people won't go into the other extreme and indulge any and all spending extravagances. We have a major counterexample in our own ecosystem from which we can learn a lesson of two about how not to do things when you are in a fantastic situation.
Now that green candles are back, we will probably see a number of old accounts reactivate too. Which is fine too... I guess a seasonal account is better than a dead account...