The Market Crash & Recovery || HIVE & SPS
The market took a hit and seems like it is slowly trying to recover! Although, there is almost nothing to worry about regarding those front line crypto currencies, such as BTC, ETH, BNB or SOL. The most excruciating pain is for those altcoins which has a much lower market cap. Seemingly, those will take a long time to recover or at least get to those points where they were before the market took a deep dive. Although, last two or three days the market is acting quite positively and so far it seems like we are moving towards something positive.
The heatmap is probably saying something else. As it seems the market will probably see a uptrend due to the fact that there are some liquidity up to the top. While all the major liquidity is down in the bottom. So a very tricky thing is going to happen. While sweeping the liquidity from the top and ultimately moving down to grab the liquidity which are sitting at the bottom for grab. Well time will tell what is going to happen in the next 24 hours!
Now coming to talk about our few favorite coins HIVE and SPS. As a matter of fact both these coins took a deep dive and are hovering around some crucial points. Which does seems like a very good buying opportunity. As these coins does not usually goes down but if they do they tend to rise up in no time. Although, these are the coins in my portfolio which are there for long term. Which is why having them at these current prices are indeed a good opportunity to bag them and hold them.
Now coming to talk about HIVE, seems like the price got affected very positively. The reaction from the market has drove the drive of HIVE towards $0.14 area. Although in the peak time of dump the price touched the floor of $0.0327 in CEX (Binance). This price dump is probably the most excruciating one since the inception of HIVE. Although, the price recovered very swiftly and now it is currently sitting at the position of just below $0.14.
At this point, it is indeed a good sign and I believe those who are in HIVE for some time, they know what is going to happen in the coming days. These price action will reverse as soon as the market takes a positive dive. As it will just keep on going towards acceleration since there are not enough liquid HIVE in the market. And we all know people who are in HIVE they will not leave this chance of getting some cheap HIVE. AKA bagging those HIVE in their portfolio. Even I am going to use power up mode in my HIVE related posts in the coming days. As who doe snot like some cheap HIVE at this moment.
SPS eventually responding to the market price action. To be honest at this point where almost each and every coin took a very deep dive whereas, SPS is standing in around the zone of $0.006- $0.007. I am not saying it is going towards a very pleasant scenario but any good news regarding the game would eventually turn the price action towards positive lighting. Also the market does reacts to positive news and it has happened multiple times over the past months. So any good news would be able to recover the price of SPS towards something good. Just awaiting for that moment!.
Now since I was little busy in my every day tasks, I have not been able to grab those juicy rates of HIVE dump. Which is why I am probably going to regret for a long time as just keeping up with that phase of dump would have made some easy money and eventually reinvest them within the Hive Eco system. Well, what's gone is gone, nobody can change that but I will wait for any sort of future opportunity and also not to forget even at this price HIVE is indeed a hot cake.
So upon going through my account, I saw some GLINTS in my account which is why I thought of using that and purchased some cards. Well they were not to great but they sure would come in handy in the battle in one way or another.
Well what have you been upto lately? Were you able to grab some of the your favorite coins during the recent crash or you were left behind just like in the dark and now biting the nails!
Best regards
Rehan
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This market crash was the biggest one in the crypto space,many folks lost a lot of money and of course weaker alts need a lot of time for a recovery, not all of them get value back but we will see
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