Hive, More Room For Expansion by gandhibaba

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· @gandhibaba ·
$7.62
Hive, More Room For Expansion
![IMG_20200428_140155.jpg](https://files.peakd.com/file/peakd-hive/gandhibaba/JY6hWba5-IMG_20200428_140155.jpg)
**In the past few days, the price action of Hive took the crypto community by storm. With a magical listing on Huobi and then Binance, two of the most powerful exchanges in the world, Hive exploded amazingly smashing the 96 cents mark that Steem last reached in August 2018.** 

As at press time, Hive sits at the 43 cents price mark, with a resistance level set at 35 cents. The pull back in the price of Hive is expected, as the custom is with most crypto assets, because of the parabolic growth recently seen. It is only natural that people, more people will take profits when the price of an assets sees overnight growth. And that's what we are presently seeing with Hive. 

Moreover, while the listing on Binance is a good thing, it came with its own liability. There were thousands of airdropped Hive tokens that were trapped on that  exchange. The listing therefore provided a fine opportunity for folks to unload their tokens and take profit. Once the dust settles, there will be another buying spree that could shoot the price above the $1 price mark. 

Another thing to consider is that historically  tokens newly listed on Binance have a tendency to pump and dump for the first few weeks before it gains some stability. Hive is less than a week on that exchange and the chances of seeing a few more cycles of pump and dump is still quite high. 

Lastly, the market sentiments are presently in favour of Hive since most people in the crypto space sees it as the resurrection of Steem, especially with its decentralized nature and community driven spirit. 

Consequently, I expect to see Hive making some hefty gains in the coming days as there are clearly more room for expansion. We could see a pull back below the 40 cents mark, but there is going to be a rebound that pushes Hive into the green zone again. Believe it or not, the room for expansion is large. 

Until I come your way again, I wish you a Full Hive Ahead.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 235 others
👎  
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vote details (300)
@cheetah ·
$0.05
Hi! Did you know that steemit.com is now censoring users and posts based on their opinions?
 All the posts of these users are gone!
https://github.com/steemit/condenser/commit/3394af78127bdd8d037c2d49983b7b9491397296 

 Here's a list of some banned users:
```'roelandp', 'blocktrades', 'anyx', 'ausbitbank', 'gtg', 'themarkymark', 'lukestokes.mhth', 'netuoso', 'innerhive'```
See anyone you recognize? There could be more, they also have a remote IP ban list.

Will you be censored next?
👍  
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@ajewa ·
The price was really great and fast, i have never experience such rise before.
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@gandhibaba ·
Welcome to Crypto 101. Lol
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@chesatochi ·
Even that it doesn't justify a price increase. We need new dapps and fresh people that join the club.
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@josevas217 ·
$0.05
The movement of the markets is often difficult to predict, I think most of the time.  And this price increase thing surprised many of us. 
 
But it's been good. 
 
That main image is very good he he he
👍  
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@gandhibaba ·
> The movement of the markets is often difficult to predict, I think most of the time. And this price increase thing surprised many of us.

You're right. It turned out to be a big surprise. Let's hope that we can see more of it. Cheers!
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@josevas217 ·
We all hope so...
 Let's see what happens with the halving... if by chance it has a positive effect on the whole Cryptographic market
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@eni-ola ·
Hive is still a fairly new project and the pump and dump is often not a good start for a project. I do not believe the buying spree means the token is worth it, it is just money being dumped from steem and sent to hive.
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@gandhibaba ·
Only time will tell. We'll see how events unfold. Regards.
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@luckyali ·
$0.05
we are lucky that we got hive and thanks to justin sun to make hive. he is  responsible for this great and powerful sky rocket(hive).  This is just beginning because hive getting more and more attention daily.
👍  
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@gandhibaba ·
I should agree with you. Cheers!
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@ojerinde ·
$0.05
>We could see a pull back below the 40 cents mark, but there is going to be a rebound that pushes Hive into the green zone again. Believe it or not, the room for expansion is large.

If the price of a token determines the value of the project, then we have to give hive about 1 year after all funds from steem are pulled out.
👍  
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vote details (1)
@gandhibaba ·
Well maybe, but I don't see it taking a whole year for Hive to hit the $1 mark. We'll see, anyways, and good to see you around.
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@mojubare ·
I believe both steem and hive can expand but just need products and people who will invest.
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@gandhibaba ·
That's right. More investors are needed.
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@carlos84 ·
$0.05
The simple fact of reading your post so impregnated with optimism, not so much for the simple fact that you give a quite encouraging prognosis for hive, but as many comment in this post, the future for both hive and steem can be quite promising. Greetings and thanks for giving me these minutes of happiness and optimism in these difficult and sad moments I'm going through, successes for you my friend.
👍  
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