Fact: HIVE isn't mooning yet, it's just a price "correction"!

Hey friends,

For last few days, we all witnessed a good jump in Hive's market prices.

Of course, we all are excited. Probably, none of us expected such a huge jump in such a short period defying the trend of entire crypto market.

Hive prices recently broke into 5 Satoshi figures and is rapidly moving close to $1 now.

Many people are excitedly calling it a moon. May be, they have never known a moon! 😉

Honestly, $1 is not Moon. $1 was always a normal price for Hive (or erstwhile Hive) since I joined this platform. In fact, $1 was viewed as its lower level and it was taken as granted. I was used to see its price in 5 to 6 satoshi figures.

So actually breaking into the 5 satoshi figue or reaching $1 price point is a correction long overdue.

Well, I know, this terminology is generally used for downward movement of prices during their consolidation phase but it's not applicable to Hive. $1 was normal for Hive in 2017 & 2018. So now, it deserves a better price to factor in some appreciation. Hive is several fold better than 2017 STEEM.

So for me mooning means reaching $20.

Once we get back to normal price, we'll be aiming for the moon.
There should be something more during the crypto bull run ...if and when it comes :)

Right now, Huobi has posed a good challenge for its competing exchange viz. Binance.

When a listing (with a great AMA & an airdrop) on Huobi can make its price 10x then obviously Binance need to do better. If Binance wants to convince its leadership position, then it needs to better what Huobi did to Hive prices and volume. (So 10x from $1 means $10 & 15x or 20x will lead it to $20 😜)

I hope Binance, Coinbase and Kucoin listings soon should be able to give Hive the required boost.

Doesn't HIVE deserves a spot in top 10 coins?

What surprises me at this time is that major chunk of Hive's trade volume is in HIVE/USDT market pair with Huobi alone clocking about $91M in volume. That was never the case before.

Many people are complaining about the ranking discrepancy of Coin Market Cap. I think, they are doing well according to their policy. As soon as Huobi markets will be listed for HIVE, CMC rank for HIVE will become more realistic. May be, since it's a weekend they couldn't do it. I hope they will correct that in the coming week.

But no one questions @coingecko for categorizing Huobi as "fair" instead of "Good" Trust Score with regard to trade volume. While Bittrex & Probit are listed with a green dot implying "Good" exchange volume and trust score, it's an irony that Huobi has the most market volume for HIVE.

It's also understandable that this price movement in Hive hasn't got sufficient exposure in crypto community, youtubers and podcasters. For this to happen, HIVE needs to be listed on Binance or Coinbase, I guess.

Nevertheless, Bittrex and Huobi has provided good exposure. With HIVE leading in price gain and trade volume, HIVE's name and logo is flashing at the top of Bittrex website (at three places including the top banner). That's a free advertising for HIVE to all Bittrex users. Huobi's airdrop announcement was also well received.

So guys, when Binance? 😊