HIVE Causes an Ecosystem Wide Pump on CUB, POLYCUB, SPS, STARBITS, STARPRO, DEC etc. | SWAP.HIVE Trading Pairs Could Be A Cause

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Introducing what happened several hours ago as a "One Pump to Pump Them All" is a fair description of what transpired. I don't exactly know what caused the pump either. I had missed out on most of it and currently I'm not even actively trading HIVE or any related Cryptocurrencies/Tokens in the ecosystem. I had already seen some positive indicators when doing my Technical Analysis. I am not surprised by the price movement in any capacity. I merely missed out on a good trade due to having a series of obligations outside of HIVE.

This is Only a Beginning

That is why I am not stressing myself over trading. Although it took a short while for me to subscribe to $100 HIVE (STEEM at the time) price target by @taskmaster4450 I am have committed myself to stick with this number. That is to say that another 200X gains are within reach. With such a perspective, it is hard to worry about a mere 30% pump.

SWAP.HIVE Paired Trading | A Theory on Pumps

I personally believe that the creators of HIVE-Engine should receive partial credit price pumps such as these. I always believed that HIVE price pumps could massively affect the prices of Tribe Tokens and other 2nd layer Tokens built on HIVE. It is a gold mine for those looking for an arbitrage trade. I have personally engaged in such trades over time. I have come across evidence for a claim as above.

Take A Look At STARBITS

STARBITS Hourly Chart.png

Above is the hourly chart for STARBITS on HIVE-Engine. Price fluctuation have been happening all over time. Do you know anyone who can intuitively calculate the USD values of STARBITS during these days. If you somehow found such a savant; would you consider that to be a common occurrence? Above all, what happens to the existing sell orders?

STARBITS Depth.png

It is true that STARBITS had more of a sell pressure going on. But events like this cause that sell pressure to become even higher. If the fall of price was lower than the price appreciation of HIVE, then the Token has gained value on fiat terms.

There needs to be some awareness of game theory within the community to not be excessively hasty or greedy and not budge too much with the selling price. It is necessary to sell some HIVE-Engine Tokens to realize profits. But too much selling will crash the prices too much eliminating the gains. So far there have been many cases where at least some traders managed to lock in a significant profit regardless of liquid HIVE at hand.

It is As If HIVE is BTC/ETH Within Our Own Bubble

I read this article by @taskmaster4450 and commented on how unaware people are of HIVE. Sometimes this is a good thing. In a way it allows to accumulate a larger stake before the project goes mainstream as it deserve to be. The semi-isolation we have at hand allows for many gains against a red market. Even today the overall cryptosphere was having a red day. Yet here we are celebrating.

@khaleelkazi loves to point out whenever one of his favorite investments are swimming against the red tides. These are to a significant part; a result of good tokenomics. Having so many pairings against HIVE or wrapped versions of HIVE helps with this. This is mostly comparable to pumps of ERC-20 Tokens after Ethereum goes up IMHO.

https://twitter.com/FinanceLeo/status/1578395547983138819?cxt=HHwWhsC-ieyYy-crAAAA

Comparison of Price Charts

Following are few of the popular Tokens connected to the HIVE ecosystem. It is the same time frame. Take a look at how closely the prices are being mirrored within the day.

SPS and (to a lesser extent, DEC) has been a mild outlier. @coingecko does not show HIVE-Engine trading volume. Even with that considered, majority of the trading is happening on centralized exchanges. Maybe that has something to do with price not being in sync with HIVE to the same degree as rest of Tokens.

We have something amazing built on HIVE. The community surrounding it is the greatest asset HIVE has. There are many projects being built around with different experiments. @leofinance @splinterlands @risingstargame @dlux-io @threespeak @nftshowroom are few of the popular names. There will surely be more excellent projects developed in the future.

Happy Hiving! Happy Investing!

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10 comments
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Having so much stability built into our decentralized finance with people learning about being able to invest these Community tokens is absolutely providing a massive amount of stability in our ecosystem. And because everybody continues to value and we continue to break ourselves from the cryptocurrency tethers that Bitcoin locks us into....

We've got some interesting new things in this world coming up and hopefully you have invested in our diesel pools.

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Breaking away from the clutches of BTC is one of the most important things for the not just HIVE but also for the entire cryptosphere. Imagine the senseless of entire US stock market moving based on what AAPL is doing. That is the kind of nonsensical price action we are currently having when looking at cryptocurrency markets.

I have not invested in any Diesel Pools. I am invested in many projects and currently staking many Tokens. Therefore I would still be getting the trickle down benefits of all the new and exciting things at work.
!PIZZA
!LUV
!CTP

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Been to diesel pools are super awesome because all of my staked tokens can be transferred into an investment pool where I get paid to leave my funds and depending on which pool depends on whether or not I get a 1% daily bonus all the way up to 5% daily bonus.

I'll just say the liquidity provider Rewards are really helping me out and I'm continually reinvesting and I've gotten paid to be in even more pools!

If we all do our part and put a bunch of liquidity into our ecosystem and invest in ourselves there will be more opportunity.

And absolutely one day the entire cryptocurrency world will abandon the Bitcoin tether

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When looking at TVL, we are not doing too bad:

Take a look where massively funded projects like Cardano and EOS are at:

After your encouragement, I'm feeling more inclined to dabble with Diesel Pools as a liquidity provider. At the very least I will be supporting an ecosystem I'm heavily invested in. Vast majority of my portfolio is somehow connected to HIVE.

And absolutely one day the entire cryptocurrency world will abandon the Bitcoin tether

I have been wishing for this since I got into cryptocurrency in 2017. Some of my earliest posts and comments were about this.
!PIZZA

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People don't realize that aspect of selling tokens and prices crashing. At least for Rising Star, I have not sold anything and most of my earnings are re-invested back into the game. I am a bit sad to see that the reward pool for ranking dropped and I won't be getting any more ranking rewards.

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I have sold some STARBITS. Most of it were reinvested into the game. I even invested HIVE to buy Packs. The team is making effort to improve the Tokenomics. I think we need more burns for @risingstargame Special Missions that require some STARBITS burned could be a good idea. A dice game like @epicdice played with STARBITS with some profit burning could be another way to improve Tokenomics.
!PIZZA

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Interesting. I haven't "seen" the correlation (I guess I wasn't looking), so that's a good thing to know.

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