What is going on right now?!
Almost every hour we are getting news of another Hive listing somewhere:
In the last 24 hours we have had 6 futures listed for Hive on:
We have also seen Hive getting listed on Hotcoin and just today on XT Exchange:
https://x.com/XTexchange/status/1871447136711405603?t=ZQcpeQCTXX9lJ567dSShCg&s=19
I suppose if the big ones lead, others will follow. All this commotion has led to at least 100k views on X alone and Hive has been getting the spotlight on Binance top gainers as well with Hive pumping from low 20s to low 40s making almost 70% daily gains.
What I like about this is that we are diversifying attention away from Upbit - the CEX holding something like 140M Hive and leading in volume. Hive needs more decentralization and that is also true for getting exposure on various CEXs. The move into DeFi in Q1 of 2025 with native L2 smart contracts with VSC is going to propel us into this direction as well.
2025 Bull Run
Just like in 2021 it seems that Hive is posed for a massive upward trend that could continue well above the dollar threshold. So far we are right on track to this epic chart that has predicted virtually the whole movement since June.
The weekly close has concluded beautifully on the red line exactly as anticipated. This should be the retest for a breakout above the second horizontal red line above it. If so, I am seeing a price target of at least $0.9-$1.3:
As you can see I am expecting $5 which would be just above the former ATH. But the chart does suggest in the most bullish case a top target above $20. Is it a coincidence that the first top is in Q1 when @vsc.network will go live?
Shorting Hive?
With futures comes the option of shorting Hive of course. While Hive is extremely volatile and might be even more so with so many future markets (or would that have a stabilizing effect?) it could be extremely profitable doing so. Obviously I have asked myself to participate in this endeavor since I seemingly have a chart that predicts the future. But I am too afraid of getting liquidated and losing $.
Nevertheless, I am in the process of powering down around 30% of my HP to hopefully sell high and buy low which shouldn't be hard (until it is). Exploiting these swings is almost mandatory considering how consistent they are. If I could, I'd probably make a bot expoliting the 00:00 UTC pumps.
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