Hello World
Welcome to our Hive-Engine Series where we talk about best performing Tokens on Hive-Engine Platform. Today was day for those who believed in Doge, What a jump it was!!
Let it be, Don't feel FOMO because if you believe in crypto as an asset then these are just small numbers. Let's Talk about Today Top 10 Traded(24hrs) Tokens on Hive-Engine Platform.
Today's Top 10 Traded Tokens
On Top with a traded volume of $11,384/- SWAP.LTC won this battle, we didn't see that much moment in LTC as we saw in DOGE yet there was a pressure point for LTC at $300 price, which it hit today. We saw that pressure on SWAP.LTC also, which results into highest traded Token on Hive-Engine.
On Second Position with a traded volume of $8785/- SWAP.DOGE is creating FOMO in many traders. DOGE jumped more than 150% in last 24hrs and that results into the second highest traded Swap token on Hive engine.
On Third Position with a traded volume of $6627/- LEO is still winning the the hearts of many Hive Users. Last Day(16th April) DEC was the most traded token beating LEO by 50% margin but Today LEO traded above DEC by around 30%.
Let's Check Some More Details of Top 3 Traded Tokens
1. SAWP.LTC
We saw most of sellers selling their SWAP.LTC on the demanded price of buyers and still they were in profit as compared to outer markets. The Higher Trade Volume shows the volatility on $300 Price for LTC in minds of Investors where some are taking it optimistically and investing on SWAP.LTC and some are taking it pessimistically and cashing out their profits.
What is You Prediction for LTC? Would it jump or slide?
LTC is still trading Low as compared to its all time high price of $360. What do you think is $360 the next target?
From analyzing the Open Orders we can see a big difference between Maximum Ask Price and Minimum Bid Price, where as the total demand for SWAP.LTC in HIVE is 1126 and total supply in Hive is 7878 with a big sell order of 12.9 SWAP.LTC @ 588.99946 HIVE.
The bull run of LTC would definitely create more demand in coming days.
2. SWAP.DOGE
There is not much to talk about the reasons behind this trade volume of SWAP.DOGE
DOGE Price jump was massive and now its time to see some price correction and another jump if it's not a bull trap!
DOGE is a coin to keep in lockers, Selling DOGE is foolishness unless you really in need of money!
By analyzing the Open Orders we can see few imaginary price ranges in both books yet there are few traders with a competitive price range giving opportunity to liquidate.
Seller would definitely enjoy today but we can't say the same for buyers as now DOGE is on a alert list. What You Think?
3. LEO
From Past so many days LEO is trading side ways which seems like a silence before massive storm!
By analyzing the Open Orders we can say that the demand is High but supply is not that much. There is a huge gap between total demand and supply at this moment and if continues like this then I think it would create a upward trend in near future. Let's Hope for the Best! LEO is a GEM of Hive!
If you love LEO and looking for its Price to go up then Trade Book would definitely make you sad, Seeing Sellers selling on Bid Price creating a downward pressure on LEO Price. LEO is still far away from it's Top Traded Price of 3.5 Hive which we won't see anytime soon. Price point of 2.5 Hive where LEO traded sideways for a month should be our next target Price. With Increase in Bitcoin Price we should see the increase in HIVE users and ultimately increase in LEO Price. Finger Crossed!
That's All for Today's Update On Top Traded Token on Hive Engine
We'll meet again tomorrow with new updates, I hope this post worth your time.
