Hello!
Exactly 6 days ago I wrote a post titled "Hive above $0,30 finally!" and yesterday we were at the $0,40 level. It took only 5 days to jump from 0,30 to 0,40. Hive always performs like this. A large boring months of decline and accumulation and then in just a few days we jump like there is no tomorrow.
I love that behavior, Hive is a different beast, almost all of the volume is made from the Korean exchanges and from time to time they like to pump the price. I assume they are, as they control most of the coins.
Life felt great! Until today, price is slowly crashing to the previous levels. At the time of writing this we are trading at $0,32. Just note that you should be prepared because we will jump very fast! And probably it will not last for a lot of time.
Another interesting news that dropped today is the following from Michael Saylor:
MicroStrategy has acquired 21,550 BTC for ~$2.1 billion at ~$98,783 per #bitcoin and has achieved BTC Yield of 43.2% QTD and 68.7% YTD. As of 12/8/2024, we hodl 423,650 $BTC acquired for ~$25.6 billion at ~$60,324 per bitcoin. $MSTR
They now hodl 423,000 Bitcoin! Holy shit, they will get to 500,000 before the year ends?
Holy shit!
I hope you have a great day!
Enjoy this cheap Hive prices, it will not take long to jump high again.