Are you wondering what is causing the recent pump in hive price? Obviously, we all are. You see, the Crypto market can be very unpredictable most times. Who would have believed that in the midst of a record bear market, hive will turn out to oppose the bearishness? Yeah, that's it, and I'm definitely not surprised at all because the token called hive has a great tokenomics and it's built on a strong and self-sustaining idea.
It'd pique my interest each time I see a coin defiling a bearish run in the Crypto space. It makes me wonder what has happened in the background without us knowing. As we all know the Crypto market is highly volatile and can be affected by the least things we expected. Most times it could be an introduction of new investors in the market, an announcement of an improvement in the project, or even an unexplained event that might have resulted from the likes of Bitcoin.
I may not have figured out the cause of the recent bullish run on the price of hive, but it's sure the change we all have been waiting for. Seeing Hive surge past $0.7 price renewed my whole trust in the token and obviously if Hive maintains this tempo, then there's no limit to what it can achieve and the long-speculated $5 price tag might just be achieved in the twinkle of an eye.
Undoubtedly, in a few days to come, we will figure out what was done differently that went in favor of the price of hive but until then, all we can do is to enjoy it while it last and hope that our Christmas doesn't end too soon.
Again for trading's sake, this is a great time to keep a close eye on the happenings. It seems to be hive Christmas but not to forget, Christmas isn't every day. Until next time, keep reading Ml-Blog as we try to unfold the cause of the recent bullish run in hive price.
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