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Bitcoin Price Soars, Altcoins Await Their Turn: Is It Time for a Spot Grid Strategy with Hive? by asgharali

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· @asgharali ·
$14.92
Bitcoin Price Soars, Altcoins Await Their Turn: Is It Time for a Spot Grid Strategy with Hive?
It's incredible to see such a large increase in the price of Bitcoin after such a long time. I haven't seen such a spike in the crypto market in around 2 years. Some excellent news in the market helped to boost the price, and we finally saw some good rise in the price of cryptocurrencies. 

![](https://images.ecency.com/DQmd3Cw6o524bLhVJ5VGBuPV4kwLvn5UuLbQ5tyKS1PpwbL/crypto_fall_predictions_from_experts.png)



For the time being, only Bitcoin is showing positive momentum, while the majority of altcoins, with the exception of a few, have not. Including #hive, which has only increased 5 to 6% while Bitcoin has risen more than 15%. In any case, the time will come for the altcoin to move upward and show some price movement. 


For the time being, all money flowing from institutions and other individuals is being invested in Bitcoin, which is why Bitcoin's dominance has expanded by more than 50%. For the time being, Bitcoin is merely pumping until all of the money is put in it. 

Later, the funds in Bitcoin will be invested in other altcoins, which may take several weeks. When the Bitcoin price has stabilised following a bullish or opposing move, the altcoin season will begin. As you have observed in numerous occasions, when the price of Bitcoin rises or falls, all other cryptocurrencies are halted in their positions until the position of #bitcoin is not confirmed.

After all, this market indicates that the starting steps for bull runs have been taken, and there is more of a chance that this bull move will continue until 2025. I have read and understood one of the best features of Binance, which is spot trading, which works best when the bearish trend is reversed to bullish.

![Capture.PNG](https://i.imgur.com/uGB0GKX.png)

![](https://images.ecency.com/DQmQxXRNbm4j1LbhkdZWfXb7N6KiXVjJrRUoFXdQSqWmff6/why_do_we_continue_to_fail_in_trading.png)



Is it now time to employ spot grid for hive? I'll say sure because hive is a pumping coin that will provide you with numerous rewards and passive income during this time. I don't want to go into detail on Spot trading because I have already discussed how it works. If you are not aware, you can search in my blog and must go read about this really valuable method which may benefit you.

There are two advantages to using a spot grid. One is that it will provide you with daily passive income while also investing your money for long-term gain. Because the market is in a rise, now is the time to invest your extra funds in spot grid, which will provide you with a good profit on a daily or monthly basis.

Another advantage is that because #hive is a pumping coin, it will provide you with large rewards in a very short period of time when compared to other altcoins. Using spot grid with HIVE gives you more profit because it buys and sells the coin more frequently, providing you a consistent profit. 

Assume you've set your grid from $0.3 to $0.6, and when the price rises to $0.5, you'll make a good profit because more buying and selling will occur. According to my research and study, the spot grid level should be 75, and the range should be $0.25 to $1.

Because $0.25 is the best support and there is a greater possibility that the price of #HIVE will not fall below this level. There will be a comeback from this level, and the price will be given momentum to move to the next level price. The top limit is set at $1 since it has the potential to reach that price but will not exceed it for many years.

As a result, this is the range level at which you will continue to earn passive income. This is an attempt on my side to inform you about the knowledge of spot grid with hive that is useful during the bull run. I hope you enjoy the post and that it is informative. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

![Capture.PNG](https://i.imgur.com/uGB0GKX.png)

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**IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA**

# REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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@india-leo ·
Indiaunited Curation 1687488978715
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@malos10 ·
i would set it up from 0.25 to  0.75 and watch if it pass 0.75
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