Hello friends, nice start today, Hive price has been pumping today, it is still going on. Today we will analyze Hive price and try to understand what is happening in the market. When I first looked at the Hive chart today, I saw a long bull candle. This surprised me and encouraged me to write this article.
This chart shows today's pump in a larger format. The first chart shows what happened over the course of a full month, with four bars and a large candle at the end.
You know that the price of Hive has been falling for the past few days, this must have saddened many because most of the Hive users are stakers. But today, Sunday, at 6 am our time, the price of Hive started to pump, which stopped at a maximum of $ 0.38. In 6 hours, the price of Hive increased by $ 0.14, which is about 58%. Now, as I am writing this, the price of Hive has decreased slightly, which is $ 0.35, and today the price increase rate is 42%. This is not low and we can expect a gradual pump from now on because probably one or more big investors are trading in the Hive market and they will not leave the market in such a short time.
Hive's total market cap is $174.62 million according to Coinmarketcap. 24-hour trading volume is $337. Hive seems to be trading more. It is a huge network, has a huge market cap, but the trading volume is much lower compared to that. If Hive is listed on some more exchanges, the trading volume will improve.
Thank you very much for reading this post.
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