As BTC hits ATHs, HIVE is stagnant and hitting some ATLs.

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3 years ago
Topics: Investment

HIVE trading at ATL satoshi value

As BTC is seeing it's meteoric rise, our local favorite HIVE has been pretty stagnant in terms of USD prices and is currently seeing some all-time-lows in terms of it's BTC value.

The ATL value of the HIVE/BTC pair isn't necessarily terrible in itself. BTC is setting new records. So, it's not surprising to see some coins BTC value dropping.

However, on the USD side of things, HIVE has been pretty stagnant. Below is a screenshot of the HIVE/USD chart going back to June.

The price action has been on a slight downtrend the last 6 months. But, pretty flat as well.

When will it change?

The charts really don't give us much to look at. It's hard for me to make any assumptions given the data. It's just been too flat. Volatility seems to be at a minimum.

It's possible we could've found a bottom on our HIVE/USD pairing at the $0.1090 mark. Given the market's overall trend up, I think that's a safe bet. And given that overall market trend, I think we can expect the HIVE/USD pair to continue in the positive direction.

But, given the ATLs in BTC price, there's no telling how low that will go. It will depend heavily on where BTC decides to settle in it's next range.

What are your thoughts on the current HIVE price and charts?

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Avatar for nolyoi
Written by
3 years ago
Topics: Investment

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