Market in Stability Mode as BTC, Hive, LEO, SPS Resists Pull Backs
It was a week that kicked off with the market in a plunge. In a moment we will look at how the market has performed as we close another week approaching the last quarter of the year.
Fourteen years after the creation of Bitcoin the mystery continues over Satoshi Nakamoto. The Bitcoin creator contemplated naming Bitcoin as Netcoin before eventually opting for Bitcoin.
The finding of crypto researcher Weinberger reveals that Netcoin.org was created on 17th August 2008 by the same domain registrar of Bitcoin.org on 18th August 2008. Netcoin.org according to source was left unused but later purchased by someone else.
Netcoin or Bitcoin? Perhaps most would have opted for Netcoin if a poll was conducted back then as internet currency. I'd rather stick with the name Bitcoin, I suppose my likeness for Bitcoin wouldn't want to have it any other way except making it faster for transactions.
Bitcoin
As the mystery over Satoshi continues, for Bitcoin needs no creator to keep surviving everything thrown at it as the bears attempted a 17k pull-down earlier in the weak without success.
According to Coingecko BTC, dipped to a seven-day low of $18,424. At present, it currently trades at $19,170 as it finds support around the 19k region.
Hive
Hive has to do it all over again haven performed well at aiming for 60 Cent. It slips below 50 Cent for the first time since July. Hive currently holds on to the $0.50 region as it fights off the bears.
LEO
At the moment LEO is trading at $0.055, a region in which it has been hovering since midweek as it recovers from the market plunge earlier in the week.
SPS
The seven-day high of SPS at $0.081 now sees the token trading at $0.07. With the sale of Riftwatchers still ongoing SPS, the need for SPS should impact the token's price positively to some extent.
The cryptocurrency market fights further, hopefully, momentum over the bears is achieved for the week ahead.
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These cryptocurrencies really strong and prices seem really cheap, we may not see these prices again in the future.
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Just like Hive used to be 17 cent, it is now behind us, same for Bitcoin. We shall look back to these prices some day in the future and smile at how we stuck around.
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That's right, my friend, I believe that.
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We shall keep filling our bags while they are cheap
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Exactly mate, I need to work harder for this :)
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Me too buddy time is running fast
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Many experts say that by the beginning of 2023, inflation will begin to fall. This means that interest rates will be lowered, and then the rally can begin.
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Looking at Hives price action compared to the whole market, I’m in awe
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Hive's performance is simply amazing, it's been a year long bear market and am thankful Hive holds on well. Some cryptos have crashed and now a history.
!PIZZA
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I can not wait to see how hive will perform in the bull market. So stable with strong price and the so called giant are failing.
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I look forward to the next bull season, it is going to be exciting with FOMO all over the place.
!PIZZA
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The price has been kind of stable but I have a feeling that BTC is in for a large move and it will affect both LEO, Hive and SPS when it does. If it does break down the 18k price line then things will go worst.
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So far BTC, have been resistant to 17k I hope It stays that way as it fights for the upward trend.
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