Sweet October
Happy new month fellas ! I don’t know about you but October has been so cool I didn’t want it to end! But it has to so we can finally experience the long awaited notorious November or no-dip-November as many have claimed it to be. A whole month of no dip! What are the odds?
According to Bitcoins historical charts, the price actions have been correlating with that of the previous years for several months already, there are chances that it derails later on but right up till now, everything says November is primed for the biggest Bitcoin run of the year. Are you ready.
Before we go deeper into what November might have for us, let’s play quick catch up on what happened in October in crypto.
BITCOIN ATH
On the table of All Time Highs, Bitcoin led the rally, Ethereum also followed right behind like a queen to her King(lol not a lot of people like this analogy, it is what it is though) however, in the entire cryptosphere, both were dwarfed by the meme token SHIBA INU doing 8,50,00,00% in the last one year and 1,000%, in the last 30 days.. and has been the talk of the month.
As much as many hate to admit, the thought of crypto being in another “TOP” must have crossed their minds, Because going by the last run that took Bitcoin to $60,000, meme tokens making parabolic moves were the absolute tops and then Bitcoin went tumbling down shortly after, although the 70% dump also had other factors that contributed to it like Elon Musk’s May drama and the China ban.
Things are a lot different now, Bitcoin is mined with almost zero carbon energy in the major mining farms, China has banned Bitcoin mining operation for the 67th time it’s gotten stale, most importantly mining hashing rate have picked up in areas that are Bitcoin friendly.
We are no way near the TOP, and there are very high chances that we aren’t even done laughing at, with or being laughed at by the meme community. Bitcoins sentiments have never been so bullish, in the “September in crypto” post I wrote last month, I said the crypto markets were looking like a bubble about to burst, October is just a short preview of what the burst will look like.
HIVE ATH
Seeing Hive hold steady at $0.8 levels, not too far from it’s all time high at $1.6 is the biggest signal that the price is about to make some interesting moves. The best line that fits the description of Hive is “good things come to those who wait”, The 3Speak network’s launch and airdrop is 2 months away, right in the heart of the bull run, what gives!
SPLINTERLANDS
As for Splinterlands, the price of DEC and SPS have been quite very volatile, they both made new all time highs but they’re also currently dumping far away from their highs, meanwhile, Splinterlands cards are seeing increase prices, rental markets are kicking all time highs, earlier in the month it was the opposite, card prices were lower than what they’ve been while DEC and SPS were much higher than what they’ve been, is there some sort of correlation there? You tell me.
The introduction of Vouchers brought in a new dynamic into the Splinterlands economy, and it seems like they are here to stay but people don’t realize it yet.
On the table of All Time Highs, Splinterlands market cap has grown to $250m and is still on the rise, it’s lovely to see! $250m is still a tiny drop in the full potential of the crypto market alone, then combine that with gamers market and everybody else market, Splinterlands can reach $1billion market cap in less than 6 months.
It boils down to Hive as a technology and as a community as this success is built and shared through a symbiotic relationship between them both. So if you’re here now you’re still early, if anyone is telling you the tops are in, tell them to *get thee behind you satan”..
No Dip November
Governments are still moving mad or trying to control everything, the economic impact of fiat system and corruption is at an all time high globally as we see the results in rate of inflation, debt and wage crisis, Bitcoin fixes this. November has always been the most interesting month in crypto, with everything going on both in crypto and around the world, it’s either $100k or nothing.
Have you noticed that the latest buzz word in crypto is Metaverse? Lol! Again, Hive is at the center of it.
Happy new month people! And have a great November.
Thanks for reading!
Check out my thoughts on the previous months.
September in Crypto - Beaten Up but not giving up
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
The Halloween effect might apply this year to for the crypto market. I still stand by my theory that we shouldn't compare this cycle with the previous ones. Whole different metrics.
Posted using LeoFinance Mobile
Time will tell. I agree with you but only to the upside, that the magnitude of the incoming moon will make other moons look like footballs yh
Posted Using LeoFinance Beta
October we renamed Uptober and we witnessed different ATH(s) I’m hoping for November to be far better than October.
So am I friend....so am i
Posted Using LeoFinance Beta
October has been great. Still have no idea what I'm doing, but it's been exciting.
Loool love it!
Posted Using LeoFinance Beta
Bitcoin is like a moving train. How can something be banned 67 times?
People have to come to terms that Btc is king while ETH is the queen.
I really hope something great happens to hive.
I don't know how to go about it but I don't think I can ever get a voucher and this is making the game a little harder
Lol 67 hypothetically....
Hive will do just fine.
Just focus on organically growing your deck and having fun. No pressure bro.
Posted Using LeoFinance Beta
I wish I understood. I have a lot of learning to do tho
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