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The Daily Hodl
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Crypto Newbie Surges 790% in Tidal Wave of Volatility As April Comes to a Close

by Daily Hodl Staff
April 28, 2020
in Altcoins
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Hive, the 37th-largest cryptocurrency by market cap, is seeing a massive wave in volatility reminiscent of the wild 2017 crypto bull run.

In a span of just four days starting on April 22nd, Hive jumped 790%, moving from 11 cents all the way to 98 cents.

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A likely explanation for the surge is the recent adoption of the digital asset by a number of large exchanges, including Binance, Bittrex and Huobi Global.

#Binance Will List @hiveblocks $HIVEhttps://t.co/YGD3stV5wN pic.twitter.com/WFTu9KqXq6

— Binance (@binance) April 27, 2020

Hive is a fork of the blockchain Steem, which powers the user generated social blogging platform Steemit.

Soon after Justin Sun’s purchase of Steemit last month, members of the community that drove the platform launched Hive as an independent and decentralized alternative.

Since its massive rise, Hive has since retreated back to 58 cents at time of publishing, according to CoinMarketCap.

It is currently worth more than the original Steem cryptocurrency, which is now valued at 22 cents.



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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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