To be honest, I have never witnessed such a pump, not after 2017 at least. I saw Icon(Icx) pump this year but that was no way near than the pump we are witnessing with Hive. Hive already reached its all-time high of $0.64 and at the time of writing this, Hive is sitting pretty at $0.626.
I have been on steemit for almost 3 years and I have seen steem pumping every now and then but those spikes were short-lived. Steem was never able to hold its price for a longer period of time. But it'completely different from Hive as it has been able to hold its price and grow rapidly at the same time. The volume is over $62 million and Hive was ranked number 18 on cryptowatch platform yesterday among volume leaders.
I was very unlucky as I thought, I will try to do a few swing trades and earn more hive in the process. I sold a chunk of my holdings at $0.17 thinking that Hive will eventually come down to a range of $0.13-0.15 but that never happened and it kept going up. I sold more when it reached $.20 and again at $0.3 and then again at $0.4. Every time I kept selling, Hive kept rising further. But I don't regret selling at those points and I don't want Hive to come down either.
But the real question here is that how did Hive pump so much and how is it still looking strong?
I think that what really got Hive going was the AMA with Ciara from Huobi. I have seen many new listings of steem in the past but they never held any AMA with any of the exchanges. The result always came out to be similar, a pump of 30-40% and then a cooldown. Doing an AMA with Huobi was a masterstroke for which everyone who was behind that has to be praised. answered questions very nicely and I spent some time after the AMA on Huobi's telegram channel and saw that many new people became interested in Hive. It was a great marketing strategy, to say the least.
We are almost 4 times in value than steem now and probably it is time to move on from steem and never look behind. We need more exchange listings now and all of us should work towards that. Just imagine, one exchange listing got us here, a few more of them can take us to the top 20's. The word about Hive is spreading like a wildfire, thanks to those who are actively promoting it. It is just the start, we are destined for greater achievements.