Hello dear Hive community, yesterday I read an article by @dragosroua titled - HIVE Pumping - Something Is Not Quite Right....
Link: @dragosroua/hive-pumping-something-is-not-quite-right
This made me take a closer look and want to share my thoughts with you. Volume is increasing mainly on Upbit and it seems more like others are following suit. It is increasing on Binance as well, but nowhere near as aggressively.
Question: why would the demand come almost exclusively from Korea? Could be, but makes little sense to me. I have a different suspicion, but since I don't know anything for sure, I'd better leave it to speculate.
Many good projects are starting here and currently Splinterlands is a big one, also one of my favorite projects. But that does not explain this price pump of almost exclusively one Exchange.
Since this is my first article here, I would like to briefly explain my point of view.
I am very bullish on Hive and I am very proud of what Hive has become so far and there is a reason why I am here and not with the older brother. I didn't really follow the "fight" back then, I think it started in 2019 ( or 18?, it does not matter ) , but turned away with the belief that they will destroy it now. Then Hive came out and I gradually realized that it could be something good. You can see that there is a lot of will and heart in the matter, so I have also invested a small amount here again. And that's why I'm very cautious. Be happy that the price is just rising, but also consider that it is not natural and a fall back to 50-80 cents can be quite realistic. Of course, I can not see into the future and therefore everyone should draw his own conclusions.
Attached are two graphs from yesterday and the last one from today.
And now I wish you a nice day.