Nigeria is set to pass a bill that could recognize Bitcoin ,BTC/USD) as well as cryptocurrencies.
The main goal is to keep up with global practices, and if the Investment and Securities Act of 2007 (Amendment) bill is signed into law, it will allow the local Securities and Exchange Commission to recognize cryptocurrency and other digital funds as capital for investment. can enable.
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Nigerian based punch newspaper First published the news on 18 December.
in other bitcoin news, El Salvador In September of 2021, it became the first country to allow customers to use the cryptocurrency in all transactions alongside the US dollar, making bitcoin legal tender.
Later, Zimbabwe announced that they would follow El Salvador’s plans.
This means that cryptocurrencies are getting closer to global adoption, and alongside bitcoin, there are other cryptocurrencies that could reach this level of mainstream adoption, including Ethereum ,ETH/USD) And cardano ,ADA/USD,
Should You Buy Bitcoin (BTC)?
The price of bitcoin (BTC) on December 19, 2022 was $16,750.
The all-time high for Bitcoin (BTC) was on November 10, 2021 at a value of $69,044.77.
In terms of 7-day performance, Bitcoin (BTC) saw its low point at $16,650.25, while its high point was $18,320.82. Here we can see a difference of $1,670.57 or 10%.
When we look at the low point over the past 24 hours, however, bitcoin (BTC) was valued at $16,623.73, while the high end was at a value of $16,824.07. Here we can see a difference of $200.34 or a difference of 1%.
Keeping this in mind investors would like buy btc Because it can climb up to $17,200 by the end of December 2022.
Should You Buy Ethereum (ETH)?
The price of Ethereum (ETH) on December 19, 2022 was $1,184.60.
Ethereum (ETH) saw its all-time high on November 10, 2021 at a value of $4,878.26.
In terms of 7-day performance, Ethereum (ETH) had a low of $1,168.39, while its high was $1,343.42. Here we can see a difference of $175.03 or 15% in value.
When we move to the 24-hour performance, its low was at $1,175.15 while its high was at $1,193.31. This marked a difference of $18.16, or 1%.
investors will be interested buy eth Because it could climb up to $1,300 by the end of December 2022.
Should you buy Cardano (ADA)?
The price of Cardano (ADA) on December 19, 2022 was $0.2634.
The all-time high of Cardano (ADA) was on September 2, 2021 at $3.09.
In terms of 7-day performance, Cardano (ADA) saw its low at $0.260594, while its high was at $0.316328. Here we can see a difference of $0.055734 or 21%.
When we look at the 24h performance, the low was at $0.263672 while the high was at $0.269534. Here we can see another difference of $0.005862 or 2%.
Cardano (ADA) could climb to $0.31 by the end of December 2022, which means investors will see interest in it buy ada,
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