Uptober Never Disappoints

If you are reading this you are probably as excited as I am too, because we are in an Uptober month. The month of October is known as the month coins pump, it’s just repeated history, I talked about it in my post when we entered this new month. In the past three years, October has always come through with its green lights. Look at the crypto market, the total crypto market cap is back above $1.5 Trillion, which is 50% away from the previous all time high. We have been in the red zone for far too long, we all know that we deserve this victory, the end of the month has always been some favorable periods for we crypto investors.

I really don’t know why the crypto market is pumping, is this the beginning of a bull market, I strongly doubt, we have been in this state before. But if it makes you feel better, know that the price of bitcoin has jumped 100% in a year, this year we saw the price of bitcoin consolidate at $17k today it price got to $35k, which is quite hopeful. I am not getting my hopes high though, but I really want to see the price of my portfolio be in greens, because over time I have accumulated more coins in my portfolio but the value has been reducing because of the decline value in the price of cryptocurrencies in the crypto market.

Just the other day the price of bitcoin was still struggling around $27k, but today it has added extra $7k+ to its price. Who knows, just may be we might see the price of bitcoin get to $40k before next month. You see how fast the price of bitcoin is recovering at? It’s unfortunate that most of these altcoins are not recovering with the same speed. Hive has been doing great, but I wish it can go at a faster pace, we need to be at the $1 price mark again, I have missed it so much.

Posted Using InLeo Alpha