Steem price skyrockets to 200% post announcement of HIVE blockchain since yesterday
Steem price skyrockets to 200% post announcement of HIVE blockchain since yesterday
Steem price skyrockets to 200% post announcement of HIVE blockchain since yesterday

By Greenchic | Investing and Trading | 19 Mar 2020


Noticed the price chart in tradingview shows that in a period of 24 hours Steem price goes from 0.12376463$ to 0.44447937, that an increase of over 250%

steem price

The reason for this seems to be the announcement of HIVE which will be created through a hardfork of the Steem chain. Perhapes, people are investing in Steem to receive HIVE tokens. Earlier days, events like mainnet launch, airdrops, forks let to price spikes, I think these days speculative investing based on these events son’t lead to price hikes of this sort, because the crypto market has matured.

So, at these currently crypto market recovery times, when BTC and other cryptos are recovering with initial but definite price increases since experiencing severe price drops, Steem raises pretty exponentially in a short time period.

 


Greenchic
Greenchic

I love to write on things I am passionate about - environment, citizens activism, crypto and life in general. I am a cat enthusiast, nature lover. I am excited to engage at the Publish0x platform by reading and writing crypto and other content here.


Investing and Trading
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