Wow, this morning I checked my portfolio and it was just okay. Then by the afternoon, HIVE had skyrocketed 65%! Has anyone experienced the same thing? 😅
I immediately panicked and browsed to find out why HIVE could rise this much. Turns out there are a few things that made people FOMO:
😯 Why Did HIVE Suddenly Go Viral?
Does anyone know, guys? 🤔
So here's the story, guys, from my browsing, HIVE Digital (the mining company) just updated that they managed to boost their hashrate to 6.0 EH/s. That's a 47% increase from last year!
Then they also want to expand significantly to Paraguay using hydroelectric energy. They say they aim for 150% growth by the end of the year. Quite ambitious, right?
What makes it more interesting is they moved their headquarters from Vancouver to Texas. Seems like they're serious about playing in the US market.
😳But... I'm Skeptical
Honestly, a 65% increase in one day is a red flag for me. Have you ever experienced a pump like this and then a dump the next day? I've been caught a few times 😭
HIVE does have quite solid fundamentals, but it's still crypto mining. If Bitcoin drops, HIVE will likely drop too.
This is my Price Prediction, guys (But don't make it a benchmark!)
I read on some forums, some say:
- Conservative: $0.38 - $0.58
- Optimistic: Up to $1.42
- Extreme: Some say $5 (I have doubts about this)
But hey, it's crypto predictions, it could be way off 🤷♂️
Personally, I'm still wait and see. A 65% increase in one day is too quick for me. Better to wait for a correction before entering, or DCA slowly.
If you've been holding HIVE for a while, congrats! But if you want to buy now, be careful. FOMO is the biggest enemy of traders 😂
What do you think? Has anyone taken profits or still holding? Share your experiences!
‼️Disclaimer: This is just sharing personal experiences, not financial advice. Always DYOR!