Is it safe to say that the worst is behind us?

The market took a turn for the better and all seems to be well with life but I can't shake off this niggling feeling that we're not out of murky waters yet. Perhaps it is PTSD from spending all this time underwater but this recent surge in prices of crypto assets isn't exactly hitting me with the level of optimism I thought it would.

I operate with a high level of caution in crypto and this is regardless of where the market is leaning. When things are bearish or bullish, I retain an objectively cautious mindset that is either optimistic or pessimistic.

At this point, I'm still somewhat pessimistic but I'm trying not to act on it. I simply can't trust the numbers on my screen and I feel like this recent pamp will be short-lived.

For anyone wondering why we're experiencing this pamp, the answer lies in front of you and you probably didn't even realise it. A combination of Posh activities courtesy of @acidyo, rich friends of @acesontop and @taskmasters4450's sexy pictures sent to Elon Musk contributed to this Bitcoin pump that's taking the entire market with it.

The point is that the reason for the pump doesn't necessarily matter, in the general scheme of things. At the end of the day, we're all winning but the real issue is knowing how to act in the face of the pump.

Is it safe to assume that the worst is over and we're now slowly progressing into a prosperous new year with Bitcoin and the crypto market hitting unheralded peaks or do we approach cautiously because the pamp will be shortlived?

At the time of writing, I'm still cautiously pessimistic about the market because I don't think the level of pain we've been subjected to can be washed away in the twinkle of an eye. The bears may have momentarily taken the backseat for now but I don't think they're done with us.

Not all gloomy

I might be pessimistic about the pump but they're just numbers on the screen. Taskmaster always says that the market will do what the market does and that those activities take nothing away from the intrinsic value a project offers.

In any case, it is nice to see that while the market does what the market does, it is taking Hive along with it. It might not mean much since every other asset is pumping but it is refreshing to note that Hive wasn't left on the wayside and if this is actually the real deal, Hive will climb with the rest of the market.

At the time of writing, Hive is trading at around 34 cents, a leap from the 25 cents range it traded at for most of the bear market. In the general scheme of things, it is not much of a jump but at least we get to see some greens and to make matters better, even second-layer assets are pumping along with Hive.

My Splinterlands deck, and associated assets in the game have pumped along with the market. Perhaps it might still be too soon to call it but it really does seem like any major move in the wider crypto market will lead to major gains in Splinterlands.

Other notable second-layer Hive assets that have offered some gains in recent times include Leo token which currently trades around 6 cents after spending months at around 3 cents. SPS is slowly climbing, POSH, Cublife, LVL, SPT and GLX are among tokens that have experienced minor pumps since the market took a turn for the better.

• Leo Glossary
• Hive. vote page