If you have not yet heard or read then get it from me now, Binance has finally listed Hive on their exchange!!
Binance will list Hive (HIVE) and open trading for HIVE/BNB, HIVE/BTC and HIVE/USDT trading pairs at 2020/04/27 05:00 AM (UTC).
Due to initial wallet requirements, HIVE deposits and withdrawals will open at 2020/04/29 04:00 AM (UTC).
As you read about, deposits and withdrawals will be open at 2020/04/29.
Many Hive community members are happy, but others are suspecting fishy activity here.
I was among the happy people on Twitter until some Hive community members said that this might be fishy!!!
The explanation these people gave was that why wait for Hive to pump to almost $1 and then list it on Binance after countless cries by the community members to list it there!!
Anyway, it might be just a coincidence that this was the time Binance planned to list Hive !!
You also have to remember that the Hive community has pressured Binance to list Hive ever since the Hardfork to no reply!!
I can also think that Binance delayed listing Hive because of their (Binance) Hive was staked as Hive Power so they had to wait for the power-down!
After reading this comment, I went and checked the price of Steem and guess what it was pumping!!
Anyway maybe also it is just a coincidence that Steem is pumping now after the Binance Hive listing announcement!
What Binance Listing Indicates!! Pump or Dump??
You all remember that the price of Steem price shot almost insanely after Binance announced that they will support Hive airdrop!!!
Many people bought Steem because they were going to get the same exact number of Hive in the Airdrop.
Some Hive community members suspect that maybe Justin Sun bought so much Steem to pump the price and maybe also in anticipation of the Hive airdrop since he knew he would not be airdropped directly on Steemit accounts.
So if Justin bought so much Steem, that means that he currently has so much Hive which he can now dump on Binance and feel some bit of revenge(as some community members think haha).
If you have been observant, Hive has pumped over 300% in the last 3 or 4 days and Steem has been struggling badly!!
Could this be the time Justin gets the revenge by dumping the insane Hive he has on Binance????
Anyway, no one knows what will happen to the price, but let us wait and see how the two tokens will be trading by the end of the week.
Anyway, what do you think of this listing??
Hive is still holding though at $0.80
This is going to be a fascinating week for both Hive and Steem.
Get your popcorns ready and enjoy the show!!
Love
Jarau Moses