AI generated. A wooly investor looking at the moon thinking: Wen?.
Any of you that can recall the peaks of the bull market remember that we found ourselves a few times in situations where Hive would pump and it wouldnt be in correlation with the market.
Every time that would happen the pump would be shortlived and a correction came only days and sometimes hours later.
We lasted basically 2-3 weeks above 1 USD the last time we hit ATH.
So do I think this is sustainable? I would say that if history is to repeat then no. I still feel our future price appreciation is more steady than explosive.
When it comes to Hive I simply dont think there is enough stupid money invested. The type of money you will find propping up LUNC, XRP, TRON, DOGE, SHIB, CEL, etc.
You dont necessarily need that type of money to succeed but its that type of money that keeps most of the top 100 coins where they are. Ive never seen anyone invest in Hive on a whim, or because they read somewhere online its the next 1000x coin. Its always weighed and thought through. Which is what I recommend to everyone.
Open up https://coinmarketcap.com/, pick any of top 50 coins and read the chat on the side.
What you will read are some of the most absurdly idiotic price estimates you will ever hear.
One would think that making such absurd claims should deter people. But for some reason it doesnt.
Stupid retail money is drawn to these coins like flies to shit making these estimates sort of self fulfilling prophecies, although at much lower realized levels.
I am going to shock you all now. There is a significant portion of people investing in crypto that dont know how to multiply token supply with coin price or why you should do it.🙀
If I had to guess why this works id say that its like with anything in life.
If you say stupid shit with enough confidence you are bound to convince plenty of people in your claim.
Just look at media, twitter, politics, etc.
So from now on, every pump I see, Hive is going to 500 USD. Maybe even 5000. 😁