Crypto is making a comeback!
Thanks to IBM, Bitcoin (BTC) and other big-name token price-points have started turning back up.
Here’s everything you need to know about the recent rally that’s now underway and how YOU can profit from it.
About a week ago, IBM announced plans to expand its blockchain technology into more than 50 other countries!
Considering cryptocurrency depends on blockchain functionality, it’s no mystery why the sector has started to move up as a whole.
Throughout the tail-end of last year and what we’ve seen so far during 2019, Bitcoin has struggled to break above the $4K mark time and time again.
But as I write this, BTC shares are currently valued at $4,071!
It’s a bullish sign to say the least and I don’t think I’m going out on a limb to think that IBM is behind this kind of movement.
Even though Bitcoin is considered to be the one cryptocurrency to rule them all, that doesn’t mean that other digital coins haven’t benefited from this expansion as well.
Since IBM’s blockchain announcement, 83 of the top 100 cryptocurrencies have gone up in the ranks!
This isn’t the first time the crypto market has fallen into an uptrend due to Big Blue either…
Back in July of 2018, IBM made a blockchain-based currency available to their clients, which caused tokens like Stellar (XLM) to skyrocketed more than 50%!
And who’s to say we’re not on the verge of something similar unfolding?
The track record is there and the news of another blockchain innovation has proven to be bullish so far.
All things aside, Bitcoin is in a good spot right now and the other competing coins seem to be working their way up as well.
Stellar for example has already shot up 10% over the course of just 7 days!
As far as I can see, volatility will continue to go hand-in-hand with any crypto, but IBM’s push for blockchain has cut down on the fear of loss for these types of investments.
If you’re interested in getting in on some quick profits via cryptocurrency, the time to do it may be NOW as the sector appears to be on the rise.
That being said, take this market movement for what it is and skew whatever trades you find yourself in accordingly. There’s a good chance it’ll all payoff in the end…
