Hive is one of the most undervalued cryptocurrencies in the crypto world. There are factors that can say that it is not easy to onboard people or it is not easy for people to grasp all the concepts but that's something common for most blockchains. But Hive in particular has enormous potential and I personally think that when people understand the true value of Hive, there is a high possibility that this blockchain can kick start.
We are having so many places where improvements are happening now and then. In addition to that the most attractive thing is that we are getting more and more new projects now and then on Hive giving people the opportunity to invest either their money or their time. Some people get paid for playing games and some people pay money and get entertainment and either way it is a win-win. So yeah let's talk about Hive. I wake up every morning looking for some massive Hive pump. It usually happens during my night time and I miss being a part of it.
I wanted to name this article "Calm before the storm" because I'm currently looking at the price of Hive and have a great feeling that there is going to be a massive pump soon. The price of all other cryptocurrenices is looking good and the price of Hive is also looking very stable. There is no reason why Hive should go down now. The only way for it to move is forward. It looks as if there are no crocodiles in the water but I would say this is a calm before the storm and once the storm happens, that is when we would feel that we should have bought Hive back then. Now is still a good time to purchase Hive. I bought a few already and waiting for the pump.
Whenever there is a BTC pump and when all the coins are moving forward, Hive would stay calm. Not just Hive but some similar altcoins would stay calm. Only after a few days, the price would pick up. BTC crossed 25k $ today and is still very strong. I'm hoping, we might be able to see a massive increase in the price of Hive if all parameters are good. Mostly the Koreans would be the first people to get excited and take the price high. It is very hard to predict when this Hive pump will happen but I'm sure there is a high chance that this pump can happen very soon.
Placing a sell order
I have to admit that I have placed a sell order at 60 cents already. But this time I have a feeling that the price can cross 60 cents easily and go further up. The reason why I want to stick to 60 cents is that I don't want to be greedy and this is a swing trade that I'm trying to do. I bought some Hive at 40 cents a few days back and want to sell them for 60 cents looking for a 20-cent profit. I'm very positive that there is going to be some pump happening for sure.
Usually, there will be high selling pressure. Not just me but many people would be holding some liquid tokens in hand to sell them for a decent profit. This time as this is the second or third time we are expecting a pump, there is a high chance that people would already be waiting with a huge amount of Hive to look for the right opportunity to book their profits. For example, someone mentioned this account on Hive. I'm not sure who owns that account but they are powering down and have already taken the funds to market and probably a gradual selling is also happening. This makes me think that there can be high resistance but Hive should be able to break that resistance and rally forwards. Let's keep our fingers crossed and wait.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
Vote @balaz as a Hive Witness
Vote @kanibot as a Hive Engine Witness
