Wow, HIVE is on fire today, jumping above 70 cents USD!
It looks like there are a huge burst of buying right at midnight UTC on September 3rd. This is especially interesting that the first large buy order was entered into right at day change.
This price increase has caused extreme volatility in several of my token holdings including DEC and SPS. However, it appears that while the ratio of DEC to HIVE has fallen, the DEC to USD has remained relatively stable around $0.0077.
SPS which has been falling steadily over the past week from just above $0.40 to $0.33. However, the burst of HIVE buying may have spilled over into the SPS market as prices have been rising back toward $0.40 today.
Is this massive HIVE purchase tied to Splinterlands? Considering the massive growth that the game has been experiencing lately, it's very possible. I only recently entered into the Splinterlands community via the PIZZA token, where we have a vibrant community of gamers who love Pizza. Check us out at www.hive.pizza and join the fun!
The Splinterlands new daily account growth is up 350% in the past two months, leading to card value market cap to soar above $200,000,000 USD. This game is changing lives and it appears that many more people want to get in on the action.
If you haven't joined Splinterlands yet, check it out using my referral link and I'll send you some PIZZA tokens!
*Graphs from www.coinmarketcap.com