Well HIVE is now the 31st largest crypto asset with a market cap of nearly $300 million trading at almost close to $1. It has been only a single month of its launch and it had shown its power of being a new decentralized community.
Back two days, when Hive was priced at $0.1 cent with a market cap of $185 K. Now the question arises, how HIVE got this much hype? What happened to the value of the HIVE?
I have been more than 2 years in blockchain and crypto since I joined the SteemIt back in 2018. To be honest I have always seen the resurgence in the value of cryptos.
I have only seen the rise of #bitcoin back in mid-2019 when it was priced at $3.3K. For the first time, I have seen a pump to the value of crypto when #btc moved from $3.3k to $9.8k.
But now, as I am a member of the Hive community, this is the first time when I saw this much pump in just a little span of time by such a small coin.
So the first question is How HIVE got this much hype?
To be honest, when I saw the price at $0.8 cents, I got surprised, and literally I was happy as hell. I noticed that the only Hive got this much hype, not any other crypto.
Basically, the thing is when Houbi global announced to list Hive, before a couple of days to list it, AMA session was started in Hive community by Ciara from Houbi which according to me helped Hive to rise.
I saw many posts about AMA on the hive community and I also spent some time on its telegram channel where I saw, the @roelandp answered many questions greatly.
This is not the only thing by which HIVE rise this much. As we can see, AMA was for 1 or maybe 2 days but HIVE is still looking strong enough to rise. When I spent some time on the internet to get clear information about Hive and what I found was.
Bittrex the one among the largest crypto exchanges is advertising HIVE on its main page. Hive on the auto slide view on the homepage of Bittrex exchange and also showing the percentage change accordingly which in my perspective took HIVE to the moon. Hive is still rising and growing day by day.
In contrast with steem, steem is the 60th largest crypto with a market cap of $66 million pricing at $0.24 cents. Steem was launched back in 2016 and HIVE in 2020 but still, Hive is leading in value, market cap in just 1 month of its launch. That is insane.
Former communication head of SteemIt and OpenOrchad CEO Andrew Levine discussed listing of Hive by Houbi and Binance after justin's hostile takeover of SteemIt and said,
“I have no problem with Hive being listed on those exchanges — you always want your tokens on exchanges, there are customers there, there are people who want your token — you want your users to have options,” stated Levine.
“I guess it plays into the question of what was the intent behind the actions? What was really going on there? Because, if there’s no malicious intent, then you just go ‘well, maybe they’ll not do it again, who cares,'” he added.
We are now almost 4x of steem in value and almost 4x in volume. We should move forward and look for more exchanges. Let steem be at it is, we shouldn't look back towards it rather we should make our community the new decentralized HIVE community as big as possible.
Some people here are talking about the much more pump in just short time, but in one post by @coruscate in which she said if the value of Hive will dump to $0.3 which is double of steem value it would be very much by the community.
I found this concept much better than getting a huge value on a single time and then getting back less than what we already had.
I would like to ask @priyanarc, @iamalisha, @hebrew and @princewahaj to comment their thoughts about the pump right below.
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