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Bitcoin (BTC) crashed to just $8,100 on Oct. 21 — but only if you were trading on Binance’s dedicated United States exchange, Binance.US.
SafeMoon is a newly added cryptocurrency that has seen a rise in its rates since its launch in March 2021.
But while it’s based on sound, democratic principles, cryptocurrency remains a technological and practical work in progress. For the foreseeable future, nation-states’ near-monopoly on currency production and monetary policy appears secure.
Going forward, it's impossible to know for sure how the value will change and whether it could rise further.
SafeMoon is targeting greater adoption and additional use cases with the launch of V2.
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The Bitrise platform has created incredible products that are exclusively available for their users. This high growth rate makes the token grow bullish, attracting communities worldwide, including Shiba Inu coins like Dogecoin and Safemoon community members.
Makarov, I. and A. Schoar (2018), “Trading and arbitrage in cryptocurrency markets”, Journal of Financial Economics, forthcoming .
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SafeMoon is also preparing to launch a cryptocurrency exchange, which apparently is not tied to V2.
Fig 1. Price series for each cryptocurrency considered (each cryptocurrency priced in USD).
And, while it has big ambitions, its current market value is someway below the $1 dollar threshold - but has experienced a steady increase in price since its launch.
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But no true cryptocurrency emerged until the late 2000s when Bitcoin came onto the scene.