I expected to see some volatility now over the full moon today but this is epic. In the past few hours HIVE token has pumped 100% doubling in price and hitting $1,04 briefly, or 1850 sats. Price has since retraced to the Fibonacci 0.382 level as I write this, calming down to a dizzy spin. The full moon madness has really kicked in. What a day to celebrate.

HIVE hodlers have been longing for the fabled $1 value for a long time and suddenly it arrives, like a comet, blazing across the price charts, leaving a tail back to the old price of $.50 where it sat just yesterday. Naturally there will be a correction after this kind of pump, but if price can hit $1 so quickly and easily, then why not expect $2 in the coming days?

Usually after such a pump we can expect price to retrace to the 0.618 region of around 1300 sats or $0.72. And it could dip back even further of course, but that is an initial target. Some may take profits with the aim of buying back in at the dip, thereby accumulating still more HIVE. That’s if they had any liquid HIVE to sell. Most of the HIVE tokens are locked in or powered up and staked in the social media platform itself. This is how the blockchain was designed and it appears to be a unique and clever system.

Powering down or freeing up your HIVE coins occurs gradually over a period of 13 weeks, so you can only access fractions of your stake at a time. This keeps hodlers invested long term and provides stability in exchange for liquidity. I presume that is why the price can pump with such volatility and gain value to easily now during the bull market. Most HIVE is locked up and there will be minimal liquidity on the exchanges to sell during these price pumps.

Another point that will cheer the hearts of HIVE hodlers now is the fact that the price has overtaken STEEM, leaving it in the dust. STEEM was the original token of which HIVE is a hard fork. A year ago to the week almost, Justin Sun of TRON bought the STEEM business, much to the dismay of the developers, witnesses and most hodlers. This was because it gave him access to the “ninja mined” tokens, a deep pool of STEEM. As a result the core devs had a revolution and broke away in the hard fork now called HIVE.

Yet for most of the time the price of STEEM has been higher than HIVE, even though the social media platform on STEEMIT has tanked in real quality usage. Most of the bloggers left it and continued on hive.blog instead. So it was always gong to be a rivalry between the two divorced blockchains. STEEM appeared to have the edge in price for the past year...until today. They also pumped now, but only by a third as much as HIVE. They now sit at 12% gain while HIVE is at 64% gain as I write this.

Now the hodlers can really tell Justin Sun to “eat my dust”. I have seldom seen such massive 100% pumps in any chart before, so this parabolic spike today is historic, perhaps record breaking. No other top cryptocurrencies made any such moves today. A few smaller unknown tokens may have been big gainers, but that’s normal and occurs on a daily basis. HIVE is at 162 in market cap and with today’s all time high for a coin that’s only a year old, there is a lot to celebrate.

Let’s see if there is still any more momentum to the upside in this overall parabolic move. We will simply watch and observe. After all, the full moon only peaks about now, so we could still see further excitement.