Lavina Daryanani

Oct 9, 2023 | watcher.guru | Lavina Daryanani

Chainlink was one of the first few altcoins to start rallying even before ‘Uptober’ could commence. From a low of around $5.7, LINK rose by more than 40% to $8.2. However, it applied brakes right after. As chalked out below, LINK is currently at critical juncture from the technical perspective. Over the past year, the $8.3 threshold has acted like a strong resistance, and has rejected LINK from rising further more than a handful of times.

Oct 9, 2023 | watcher.guru | Lavina Daryanani

The crypto market has been devoid of volatility over the past few weeks. No significant upswing or downswing has been registered by assets from this basket, and as a result, the crypto volatility index’s reading has been flat since September. Community members believed that ‘Uptober’ would change the fate of the markets, and just like any other year in history, Bitcoin and Co. would thrive this month. Barring the pump registered on the first day of the month, October has been disappointing so far.

Oct 8, 2023 | watcher.guru | Lavina Daryanani

Despite being in the midst of crypto winter, several firms from the crypto space continue to expand their reigns. Right from branching out to different geographical locations to offering new services to customers, companies have been checking a host of boxes. Deribit is one such entity. In a recent interview with Bloomberg, the Chief Commercial Officer of the company, Luuk Strijers, revealed that the platform will be shortly offering market participants more crypto assets to choose from.

Oct 8, 2023 | watcher.guru | Lavina Daryanani

The collapse of several institutions like FTX, Three Arrows Capital and Terraform Labs eroded the trust of crypto investors. Regulators have been eyeing this space and enacting several precautionary laws ever since. Kevin O’Leary recently pointed out that FTX looked promising because people thought that the company would eventually get a regulated ticket. However, that was not the case. He explained, “That was the golden goose prize of any exchange in America.

Oct 5, 2023 | watcher.guru | Lavina Daryanani

Crypto investors always look to ‘time’ the market by buying at the lows and selling at the tops. However, such attempts are not always successful. While there are multiple indicators that help in evaluating peaks and troughs, their accuracy gets skewed at times. Several great months with positive ROIs can be registered during macro bear markets. Likewise, crashes can transpire during on-going bull markets as well.