BTC and ETH moons following PAYPAL announcement

The adoption of cryptocurrency especially bitcoin can only keep increasing. And the more the adoption, the more the price value appreciates. Also, more adoption means increase in market cap and decrease in circulating supply.

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Of recent, there's been speculations that BTC could hit $15,000 by the end of November and this could just turn out to be true. We've seen how big companies are now buying into cryptocurrency and in bulk volume. On Wednesday, PayPal came into the space and even the International Monetary Fund (IMF) is indirectly telling people to buy BITCOIN.

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All these happenings and moves have seen BTC climbing up to a recent resistance of $13,243. Looking at $15,00 price prediction, the distance is not that far. Similarly, ETH climbed to $397 recently. Before the news that pumped the market, BTC had been trading below $12,473 so, it had about 675% gain.

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Bitcoin is just a good asset to accumulate and hodl. When it dips, it's an avenue to buy more because when more persons buy into the coin with huge sums, the price will definitely skyrocket.

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Ethereum

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The ETH market had been going sideways but its critical prices has been $332.47, $351.60, $365.70, $379.82. Those were my supports and resistances and with that , you know when to enter a position as well as close. However, ETH pumped alongside BTC and it's currently trading at $400. Who knows, it might hit $450 soonest.

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It's rather sad that some individuals are still blinded about the importance of diversifying into cryptocurrency. These companies know and that's why they're buying into it.

Posted Using LeoFinance ^Beta