Ben would likely buy all open sell orders, as he's been doing recently, which is one of the things which has boosted the price a good bit. πππβ¨π€
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There's the other option of simply putting a buy offer of 1,000,000 !ALIVE tokens (or something as low as 100,000 tokens first) on the #HiveEngine market (assuming there is enough SWAP.HIVE to do so), such that it would practically be the "floor price" of the token !INDEED. πΈπ
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Yep, that would work as well. Having a good floor is important. πππβ¨π€
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I think that we should also consider that having a good ceiling (lowest selling price) is also important in this case! πΈπ€―π
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Indeed, the buy and sell prices should be very close. πππβ¨π€
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The optimal difference between the lowest selling price and highest buying price for a token on #HiveEngine should be 0.00000001 SWAP.HIVE. π§ββοΈπ
Indeedy, that would be ideal. We're not quite there with ALIVE yet, but it's doing pretty well as of late. πππβ¨π€
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It's one thing to reach the optimal difference between the highest buy offer and lowest sell offer, and it's another thing to maintain such difference. π§ββοΈ The context also matters, such that it's useless to have a difference of 0.00000001 SWAP.HIVE between the bid and ask if the highest buy offer is exactly 0.00000001 SWAP.HIVE and the lowest sell offer is exactly 0.00000000 SWAP.HIVE. πΈπ€―π
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Well, between Ben periodically sweeping up all sell orders, and us adding HIVE to the daily ALIVE dividends on October 1st, I think that the price will increase a fair bit soon. πππβ¨π€
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