HIVE Continues to Rise Stably, Drawing Long Green Lines Some Days. And What Causes The Long Red Lines After The Long Green Lines?

avatar
(Edited)

Hive continues to rise steadily for the last 2 months by drawing a long green line. Especially in the last month, some days it draws a long green line and rises rapidly, then draws a long red line and falls a little. Despite this, Hive gained more than 250% in 2 months. But what could cause a rapid decline after a rapid rise?

hive29082021.png

HIVE was $0.16 on June 22 and $0.25 on July 20. It is currently trading at $0.57. It has risen 250% since June 22, also increased by 125% since July 20. It continues to rise at a significant rate each month. Especially on some days of the month, investors buy high amounts of Hive. What causes the subsequent regression? The reason for this is that investors not only invest in Hive, but also significantly invest in the native tokens of the platforms within the Hive ecosystem.

hiveecosystem.png
Source

Hive has a thriving ecosystem of over 126 apps, communities & projects and is home to some of the most-used Web3 apps in the world, such as Leofinance, Splinterlands, PeakD, Proofofbrain, D.Buzz, 3Speak, dCity and HiveBlog.

In short, investors buy Hive from crypto exchanges such as Binance, Huobi, Bittrex, and then transfer their Hive to their Hive accounts. Later, some investors buy the native tokens of the platforms in the Hive ecosystem with their Hive. So, besides investing in Hive, some of them are investing in cryptocurrencies such as LeoFinance (Leo), Splinterlands (SPS), Proofofbrain (POB). The reason why HIVE is drawing a long red line after drawing a long green line may be because investors are buying these coins with Hive.

So on the one hand, Hive continues to rise, on the other hand, the HIVE ecosystem is growing even more. Platforms with many users such as LeoFinance, Splinterlands, Proofofbrain, PeakD, D.Buzz, 3Speak, dCity have contributed a lot to the growth of the Hive ecosystem. On the one hand, they are growing, on the other hand, they play an important role in the growth of the Hive ecosystem.

The Hive ecosystem continues to grow and strengthen day by day. It looks like it will grow bigger and stronger in the future. In addition, Hive continues to rise steadily. If it can continue this uptrend, it can exceed $1 in 1-2 months. Similarly, I think that coins such as #LEO, #PUB, #SPS will join the bull run in the coming months.

Posted Using LeoFinance Beta



0
0
0.000
6 comments
avatar

You cause the long red lines in your mind.

0
0
0.000
avatar

Rightly said, the green line is sure to come after the red line.

0
0
0.000
avatar

I would like to cause green and long lines. I wish I could get more Hive. In the coming days, the green lines will be even longer.

0
0
0.000