Hive is rising at a rate which looks to be parabolic. If it fact it is true then it may help Splinterland asset prices. As of now the value of DEC to Hive is hitting new lows I have not seen.
Zoom in on the hourly chart it is showing us within the last two weeks DEC has dropped half in value to what is Hive. This means less Hive to buy more cards!
I have some liquidity but most of it is yielding me more than staked Hive. I am temped to swap into some DEC and then hold to buy cards. On the flip side what if Hive continues to rise as it has been for the past day. The token is almost double in price.
This is equating us to close of $0.0009/DEC which is over 15% rise from prior day alone. If Hive continues to jump it may push DEC over par value. This will lead to a lot of DEC burning in my belief. Players would think twice of holding onto DEC considering the rise in $ value of the token.
Through coinmarketcap it appears one exchange is literally trading Hive at the point of twice its market cap. Not sure if that is accurate but either way the price of hive just today is almost 50% higher.
Are the Koreans running into Hive and getting it hooked or this just simple pump and dump?
As of end of this post I have bought into this DEC dip!
This is literally 1/3 of my total value of cards DEC burn rate, which is insane considering I spend years to accumulate the cards and here in one swoop collected this amount of DEC. The big question for me now is what to buy? Stay tune.
Until next time thanks for reading!!!
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