https://bittrex.com/Market/Index?MarketName=usd-HIVE
Most Hive bulls migrated to Bittrex, and now the sell wall has been knocked down in an instant. Still good liquidity on other exchanges. Expect Hive to trade at a slight premium on Bittrex as arbitrage traders port coins from Binance/Huobi.
https://www.binance.com/en/trade/HIVE_USDT?layout=pro
- 1.13M Hive to $0.25
- 3.00M Hive to $0.31
- 7.25M Hive to $0.40
- 500,000 Hive to 25 cents.
So still a lot of Hive to go around, but this feels like a definite turning point to another inevitable supply crunch months down the road. It might even be possible to time LEO airdrops first and then move out to Hive for a 3Speak airdrop or whatnot. Not sure if I'm brave enough to attempt such a maneuver, as the tides are rising quickly on all fronts.
Yield farming
Hive is the original yield farming token. People are all about DeFi right now, and transaction fees on other networks are out of control. Leo is attempting to reach into Ethereum, Facebook, Twitter, and wherever else to get users on the Hive chain. Good stuff.
Bandwidth
We haven't even come close to taxing our bandwidth since (2017) before RCs were even invented . This will be the first live stress-test of the RC system. Expect hiccups at the least. It's very possible that without RC pools many accounts with low HP may get cut off by rising RC costs. Even will RC pools some may get left behind.
Positive feedback loop
It's been a while, but back in olden days when money was flowing into the system, stakeholders didn't want to sell because the passive income was so high. Many are in extreme denial that this could be the beginning of a run. Too many sickening losses; hold your expectations.
Ya never know...
I don't know seeing a buy wall vanish immediately is pretty interesting if you ask me. Then again, I'm pretty happy with my crypto portfolio spread at the moment. In control of 148k Hive Power... pretty good; more than I ever thought possible.
On that note congratulations are to be made to @aggroed for the hustle. The gladhanding vote for vote was not my idea but this is politics baby! Get used to it! Vote @hextech shill applied.
Seeing as how stagnant the witness list is due to the dire need of aggressive vote decay, I'm more than happy to see some movement around here.
I still have 10 witness votes left because I had to unvote everyone out of protest due to the centralization that occurred from the hostile takeover: the entire network blinding voting the top 20-30. That situation is still unresolved.
Conclusion
Hive good. Leo good. HiveEngine good. Dlux good. Continue building MoonCastle.
Volume lookin good. Waiting for that golden cross where the 7 day moving average crosses higher than the 99 day.
USDT tells a different story: where the golden cross has already occurred and the 7-day moving average is acting as support. Crazy stuff.
Posted Using LeoFinance Beta
Return from 20 cent Hive wall VAPORIZED to edicted's Web3 Blog
