Recently, Hive has been listed on the Bitget exchange with a 24h volume of $646,779. Hive has been traded quite a bit on this exchange. There are many traders who already like Hive trading. Hive being listed on a new exchange means Hive is reaching more investors. As a result, Hive is gaining more expansion. So this time is very good for Hive, there is no reason to worry. We can wait for another big pump.
Hive's price is retracing, it is very normal. When the market is in an uptrend, it rests for a while and then goes down and goes up again. This has happened many times in the case of Hive. If there is excess buying pressure, the price goes up very quickly. For example, Hive's price increased by 60% in a few hours. I am not saying that Hive does not have enough buying pressure. It is a medium-sized pump.
Since Hive is $260million today, it is a big amount of money, so it is very difficult for Hive's capital to increase 4-5 times quickly. It will take a long time. Hive will have to be pumped again and again. It is a very slow process. Just as you cannot become rich overnight, the price of Hive cannot be $1 in a day. You have to wait. Let Hive pump again, the next pump can take Hive to $0.80.
As the price of Hive increased, many people have been powered down and sold in the market. As a result, the supply of hive in the market has increased. Again, those who were holding a lot of hive have also sold. This has slowed down the hive pump a lot. They can do this. Those who have assets can make any decision.