Is this the Hive pump that pumps the pump?

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Ever since this minor Bitcoin pump started hitting the spotlight, I was expecting an outlier Hive pump. In my publication yesterday, I talked about the potential of Hive pumping to $1 and then subsequently settling at the 70 cents range,

At the time of writing, Hive is in the mood for a nice old pump and even reached the 60 cents range in the last few hours and looks like it will climb higher. I'm not going to lie, I didn't think we'd be seeing the pump so soon but I was absolutely expecting it.

Right now, I'm in the process of rounding up funds for our relocation plans, so this pump is coming at a great time. I really hope it is a sustained pump, as this will go a long way in reducing the burden that comes with moving.

According to my calculations, I'll be screwed sideways by the end of this move, so any pump and any extra income will be a welcomed boost to my plans. No boost can compare to the thrill that comes from a proper bull run and that's what I hope for right now.

Hive-engine response

Every time there's positive movement in the market, I like to check my Hive-engine wallet response. I don't necessarily do an in-depth check but just a surface comparison before and after the pump.

At the start of this recent pump, the unstaked assets in my Hive-engine were valued at around $450 and fresh after the pump, the value has jumped by around 50% to $637. That's a really nice pump and it mildly reflects the Hive pump.

A jump from 40 cents to 60 cents is also a 50% rise, so is it safe to say that my Hive engine wallet will pump symmetrically with Hive? This is hardly the case but it is nice to look at the growth.

Certain assets that I trade on hive-engine were not part of the calculation though. One of such is GLX token that I recently bought 11K units of.

I spent a bit over $220 to buy those GLX tokens and at the time of writing, they're now worth around $330, reflecting yet another 505-ish rise in value. It is pretty neat how these pumps are predictable and how they help you diversify on Hive.

Keep in mind that I staked the 11K GLX tokens and so this pump will be in the unrealised gain category. However, it is worth noting that I'm earning GLX at a decent APR, so the pump will still be nice to my bank account.

SPS token has also reflected the pump but the token was strangely overtaken by GLX. I honestly didn't expect that but at just 3.2 cents, it's not like the value is turning heads.

Leo has been fairly stable despite the pump and my hunch is that it is because the value of the token isn't quite tied to Hive in the way the previously mentioned tokens are,

LVL token spiked by 50% and the value of my collection jumped from $150 before the pump to around $220 today.

Generally speaking, Hive-engine tokens have reacted kindly to the pump and there are signs of good things to come. I'm very pleased with the timing of this pump and I hope it persists and pushes Hive to at least the $1 mark.

Posted Using LeoFinance Beta



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23 comments
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Hive gave us a nice surprise today, I still hope it comes down to accumulate more

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Your wish was granted 😄

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Hi @belemo, I noticed that it went from $0.62 to $0.49, it had a slump that I would call normal, I would like to buy at $0.25. However there is always another way to earn HIVE which is by providing information.

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Whereas this is a nice surprise, I'm not holding my breath here. As usual, 80+% of the volume is coming from the Korean Upbit exchange, which is notorious automated market manipulations. Time will tell, I suppose... but hey, even if we just drop back to $0.50, we're still having a net gain of 20%!

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Everytime the market ticks green, UpBit traders pump hive. If this gets to $1 I think hive will settle in the 65-70 cents range. However, if the pump ends where we are then we'll mostly likely drop to 50 cents and then slowly bleed back to 40-45 cents range which is where Bitcoin keeps us.

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Let's see how it goes...

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It's already reflecting the trend. Hive is now at 48-ish cents and I expect a slow red back to the 40-45 cents range over the next few days.

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Woke up to the pump this morning too and even though I m happy, like you said, I hope it's a sustained one, because some of us are in for the big dream. Hehe
But as it, we are grateful to whatever is pulling this plug.

It's great you reminded me of my HE token.

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Go and check yor bags. I'm addicted to checking mine, so I do it at least three times a day like medication.

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Hahaha . . I had to hold it for a while during the early beer day, it wasn't helping my psych seeing my stock sink in value 🤣😂.. so I won't be tempted to sell out hehe

But I sure checked and things are looking good.

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SPS and Leo also increased this time. It was not the case for the previous year's pumps that originated from Korea.

Posted Using LeoFinance Beta

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Yeah I think the general market has been in such dire state, so those assets were due a pump, even though it was tiny.

What fascinated me is the GLX pump. I have a good feeling about that token, particularly due to the highER farming APR.

Have you pulled the trigger and started staking it?

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It's good to see how Hive doing well. Love the pump, really hope it's sustained and for a very long time.

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Unfortunately, it wasn't but don't be dismayed. This was always going to be a "flash pump". The real pump is in the future and that pump will be as sustained as Johnny Sins erection.

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For me, I am still expecting the bull run that will spike that enthusiasm in us. Before then, I need to have more liquid hive to enjoy the blessings.

Posted Using LeoFinance Beta

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Absolutely. Need to stack enough hive for the party.

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At the start of this recent pump, the unstaked assets in my Hive-engine were valued at around $450 and fresh after the pump, the value has jumped by around 50% to $637.

That is really huge. Because of this great pump now I am going to keep some liquid amount so that I can grab the opportunity.

Posted Using LeoFinance Beta

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