Paypal announcement has launched the total market cap again to touch an important level which is the maximum achieved during the past 17 months.
Crossing this resistance will mean a lot since it would be clear that FRESH FIAT is incoming and not the same amount CRYPTO/TETHER being used during all this time.
Definitely, PAYPAL announcement is HUGE.
It is not a normal new.
It is more than that, it is the total facilitation for the regular John and Mary in order to enter massively in the crypto sphere.
Anyone will be able to buy, sell or hold cryptocurrency, despite for the moment they only spoke about accepting BTC, LTC and BCH, in the short term future.
PayPal, and its app Venmo, is one of the world’s largest digital wallet networks nowadays and they have recognised that crypto adoption is inevitable.
For the moment the NEWS are moving "known" capital, the one we have played with since more than a year and a half.
Breaking that "ROOF" at 390 Billions means we are closer to MAINSTREAM in my opinion.
A little bit more of patience is needed but, if volume keeps increasing and that resistance is finally broken I think we are going to see a wonderful situation in the cryptosphere.
Enjoy!
Posted Using LeoFinance Beta
