There was a post by @hiveio about Huobi Global Official Hive Listing. Can this be the exciting news that awaken the price?
@hiveio/huobi-global-official-hive-listing-announcement-giveaways-ama-chat-transcripts
The other great new was the listing of hive on MXC exchange.
@mxcexchange/mxc-exchange-listed-hive-at-18-00-utc-8-apr-23
The price of steem had been higher for a couple of weeks but there were rumours that someone was trying to control the price of hive by dumping at low price while pumping the price of steem.
I woke up and found out about the sudden rise in price of hive with more than 100% increase.
If it was the doing of a single person, I guess the unity of a community is strong in long term.
I guess the whole hive community has been expecting the rise since many are buying when the price was really low.
Image Source from coinmarketcap
The price may be having a short term downward but the community is looking at the long-term price of future.
With a whole community behind hive, it is hard for it not to rise in price sooner or later.
Looking at the price at different exchanges, we can clearly see that are good signs of recovering if it can last for a longer period to gain confidence who are not participating in hive.
What are your personal opinion of the future of hive?
What are the main reasons for the sudden rise of hive in your personal opinions?
Thank you for reading this post.