They say it's Uptober
September has and has yet maintained a red candle record. I guess many were just wishing for a summary. In short, I am very happy to see LEO hit back to around $0.133 this morning. Don't know if it actually happened late September night or 1st of October but I saw it in October. It can be very funny how the marker behaves. This is one reason I keep saying that the marker doesn't arrange or set itself but rather, people set the market.
A herds mentality, a seasonal whales break month and many geopolitical human activities is what is displayed in the global market.
So you can call the market a mirror of the human economy. Be it greed, fear, war, rumors of war, courage, confidence, disagreements and whatever you can economically think of, you can find it in the lines of every preceding and succeeding candle.
Why has September always proven to be a bloodbath? I haven't dug much deeper into that but as earlier said, behaviors and human mentality says it ALL. I could remember how Leo token was having a marathon run to $0.26 cents if I am not mistaken month before last. It was indeed one of those candles moves worth applaudable. The whole September has been just to show stamina and I must say Leo has tried in the fight back.
source
The same scenario goes with Hive, it has been a while I saw Hive trading below $0.20 cents. Not for September, it has been a dip to nearly $0.17. An opportunity anyway, maybe we should always prepare capital to enter the market in September.
Many may feel it is the month of loss but looking much broader, it is the season to plant. Especially for those who are thinking long term, you can pack assets for the long term at affordable prices.
Ok, September is out and here comes October or should I say (Uptober). This month has always proven a market bounce back or at least a Sign that the future is bright. It hasn't really been that year for the altcoins industry, especially those in the lower regions.
There has been much focus on Bitcoin and the follow up coin/tokens has been the TOP 10 or 20 at most.This is where Wall Street and co are putting attention. Adding to that, it seems more demand is being put on stablecoins especially by the United States. Of course this country drives a lot of economic attention.
Getting back to October, didn't I tell you I saw such green signs this morning? Leo was trading around $0.133 cents when I looked at the price chart this morning. This doesn't mean the price may not fluctuate, we are talking of the financial market here. Yet at least it shows positive signs from day 1 of October already.
About Hive, I can't say much for NOW but at least it has moved from the $0.17 to the $0.18 region. Personally, Hive has been in a rigid position for a very long time. It has been a swing within the $0.2 region.
Screenshot from source
As for the top ten, this is how the price chart has looked like in the last 24 hours, not bad anyway to see a fresh month producing early green candles. Ok, you’ ve seen it, eve ripples (XRP) is green too. It has been one of those projects that was tagged dead, especially during it's fight with the SEC.
To be sincere I never had much value to it. Apart from the SEC, its mode of operation was a little rigid and somewhat greedy as a banker's coin. Doors has opened for it after all those lawsuits and who knows how it will fit in with ETF.
To conclude, let me add, it is a new month. Did I even wish you all a happy new month? Oh Dani! Where are your manners; ‘a happy new month to everyone’. Adding to that it is our independence day. From Nigeria, we celebrate our independence with the rest of the world. Let's hope we wax stronger and grow a better ecosystem and a national economy that will favor the upcomings. It's October, let's keep it up; be very positive.
Posted Using INLEO