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Brazil’s Chamber of Deputies, a federal legislative body, has successfully passed a regulatory framework Legalizing the use of cryptocurrencies as a payment method in the country.
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Keep in mind that this makes paying for goods and services with crypto legal. However, crypto will not be legal tender.
Bitcoin As the largest cryptocurrency in terms of market capitalization as well as global adoption, it is therefore likely to be the most supported cryptocurrency.
Due to the speed and overall ecosystem of these networks and cryptocurrencies, they also have great potential to be used for everyday payments as payment methods.
Should You Buy Bitcoin (BTC)?
The price of bitcoin (BTC) on November 30, 2022 was $16,890.
The all-time high of Bitcoin (BTC) was on November 10, 2021, when it reached a value of $69,044.77. Here we can see that the coin was worth $52,154.77 more than its ATH, or 309% higher.
When we move to the weekly performance of cryptocurrencies, Bitcoin (BTC) saw its low at $16,143.63 while its high was at $17,013.24. Here we can see a difference of $869.61 or a difference of 5%.
However, when we look at its 24-hour performance, Bitcoin (BTC) had a low of $16,357.54 while its high was $17,024.13. Here we can see a difference of $666.59 or 4%.
Keeping this in mind investors would like buy btcBecause it can climb up to $17,300 by the end of December 2022.
Should you buy Solana (SOL)?
The Solana (SOL) price on Nov 30, 2022 was $13.72.
When we look at its ATH, Solana (SOL) reached a value of $259.96 on Nov 6, 2021. Here we can see that it was higher at the ATH of $246.24 or 1.794%.
However, when we look at its 7-day performance, Solana (SOL) had a low of $12.89 while a high of $14.86. This marked a price difference of $1.97 or 15%.
In terms of 24-hour performance, Solana (SOL) had a high point of $13.33 while its low was $13.91. Here we can see another difference in value of $0.58 or 4%.
Investors would like to take this opportunity and buy solBecause it can reach $15 by the end of December 2022.
Should you buy Cardano (ADA)?
The price of Cardano (ADA) on November 30, 2022 was $0.315.
Cardano (ADA) reached its all-time high on September 2, 2021 at $3.09. The difference is $2.775, or 881%.
When we move to the 7-day performance, Cardano (ADA) saw its low at $0.302944 while its high was at $0.321953. Here we can see a difference of $0.019009 or 6%.
However, when we take a look at the 24-hours performance, Cardano (ADA) had a low at $0.306742 while its high was at $0.319074. Here we can see a difference of $0.012332 or 4% in value.
With this in mind, ADA could climb to $0.38 by the end of December 2022, leading to buy ada A solid option for investors.
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