Hive Token price pumps 140.44% after popular Asian cryptocurrency exchange, Huobi announced trading support for the native token. Hive, the token out out of the Steem fork is currently trading at $0.4363.
Last time Hive coin traded above $0.20 was on March 26, when the price surged to a little under $0.30 ($0.299).
Influenced by Justin Sun, Huobi exchange initially rejected Hive Token. Huobi released a statement later claiming that Sun led them to believe that “Steem was at immediate risk of an attack.” They soon realized Sun tricked them, after he took control of Steem, in hostile takeover.
The HIVE Is Alive On Huobi!
— Huobi (@HuobiGlobal) April 24, 2020
Hive token price vs Steem
Since detaching itself from Steem, via hard fork, Hive token price has been surging. Launched with a total supply of 351,126,506, Hive started market trading March 22nd at $0.17; the same price as Steem. However, Hive token price began to moon shortly after.
Since then, Steem’s price fluctuates between $0.13 and $0.18, while Hive Token in the range of $0.17 to $0.43, with a week high of $0.299 on March 26.
It seems Steem has fallen off the map. @Hivepeople tweeted a screenshot showing traffic ranking differences between Steem and Hive Tokens, and it does not look good for Justin Sun and Steem.
👁 Attention is the true value of any site.
We used Alexa rank to compare https://t.co/tqtMQ6A2U4 vs. https://t.co/wxeduBhMqM and the Daily Time on Site results are pretty shocking
📉https://t.co/tqtMQ6A2U4 = 24:21 minutes 📈https://t.co/wxeduBhMqM = 2:51 minutes #hive #steem pic.twitter.com/DjpzNkT7Hl
— Hive People (@HivePeople) April 20, 2020
Steem ship is sinking faster than the RMS Titanic
Since the takeover, four of the founding team members left to start a new project. The new firm, OpenOrchard is led by ichael Vandeberg (@vandeberg), Nathaniel Caldwell, Steve Gerbino (@gerbino), and @theoretical; all former Steem members who were there from the beginning.
OpenOrchard now supports Hive tokens instead of Steem. They believe Hive is critical to the advancement of a decentralization world.
Mathieu is a Information technology professional with over 15 years of experience. He started one of the first bitcoin blogs existed in 2010. He started writing about, investing in bitcoin and promoting the first cryptocurrency when only a few technological savvy people knew about it. Mathieu is a world traveler who enjoys culture, technology, finance, salmon, rice and beans. He’s cool, collected and knows a great deal about blockchain technology.