The Bitcoin price is growing significantly and increasing faster than we expected. This price growth is amazing and although it was not expected the kind of momentum that we see in the market is awesome. I remember in 2020 when the Bitcoin price started to grow then it was growing every day by almost $1000 but this time the scenario is completely different. This time the prices are growing like $1000 every hour and this is something I have seen for the first time in the market. I'm not sure whether they should be called the bull run, but if it is bull run, then it's amazing and if in case it is not, then I expect the bull run to be even bigger. It is hard to predict what price we are going to see for Bitcoin in this cycle which is almost here.
Looking at the Bitcoin statistics we can see that it is up by over 10% in the last 24 hours and currently, it is trading beyond 89K US dollars. This is a great mount and it looks like 100K is not far away with this space that we see in Bitcoin Prices these days. The entire market is looking green and there are very few coins which you can see in the red colour. I was expecting the price to reach 90K U.S. dollars in a couple of days but it all happened in just one day which shows that things are bullish and with this trend, 100K seems pretty much close hence let us see how things unfold in the coming days.
The current price is almost 90K with a market dominance of over 59% and Ethereum is also following a similar trend where the market dominance is 13.52% as of now with an increase of over 7% in the last 24 hours. Other coins like Solana BNB have also shown quite a good growth in the market and Doge is also on fire. The Doge price is at $0.40 as of now and its grown by over 48% in the last 24 hours and if we talk weekly then its a 145% price increase.
I think that things are getting started and maybe we will see some correction in between but not sure if this is the time to book some profit or wait for the right time because things have just started to increase and probably you will see even more coming up in the coming days. I was expecting that December is going to be significant for the market but all this has started with the start of November which is great. If this space continues then maybe December can be even better but somewhat I expect a correction between I'm not sure how much that is going to be. Generally in the market, we can't expect the prices to follow the J curve. I mean it cannot keep on going up and up because that is practically not possible and a correction is required which gives more boost to the price and after that, we can see even better price increases so this is how things work.
LPUD is Coming
LPUD (Leo Power Up Day) is coming on 15th Nov and we have slightly more than 2 days for that. It is important to power up on the day at whatever amount is possible and I will be powering up but not sure what amount it is going to be however every time I try to do it the maximum amount possible. Neo is one of the tokens that is highly undervalued and the team behind Leo is trying their best to bring more utilities and value to the token while we also have the opportunity to earn curation rewards.
There are some rewards for participants and you can check out the below post for more details. There are certain criteria to follow and if you meet those then you can be one of the winners so just do your part team of number and see if you are the lucky one to get the reward because this reward is great and it can get you some additional reward because you will be getting the delegation for a month.
LPUD November Announcement 📣
Thank you
Posted Using InLeo Alpha
