Cryptocurrency is going mainstream — and becoming increasingly difficult for investors to ignore.
SafeMoon today trades around 0.0000027 a coin with a market capitalization of about $1.6 billion, sharply lower than its high of almost $6 billion in mid-May, according to CoinMarketCap.
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The process is more complicated than this, but when most coins are mined, the mining rate decreases so that the total supply is only replenished to account for lost units. If you’re aware of basic economics, you’ll know that supply and demand determine prices. For the sake of our discussion, let’s consider supply to be limited or highly restricted.
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SafeMoon’s upcoming upgrade, V2, is expected to enhance the token’s security, quality and accessibility. The SafeMoon community widely anticipates the launch of the V2 upgrade, and investors expect SafeMoon to recover from the recent drop in price.
The plunge occurred at 7:34 a.m. New York time, according to the Binance.US website. Volume on the exchange in that minute was 592.8 Bitcoin, which are worth just shy of $40 million at current prevailing prices.
Being a crypto investor, it’s important to know the liquidity and pricing for each market. Track over 16,000+ crypto markets from CoinMarketCap, and find exchange rankings, volumes and charts. Get details for each exchange’s active markets and fee structures.
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Additionally, EverGrow's creators have cleverly split its TokenEconomics to make it more resilient to market fluctuations. EverGrow burnt almost 50% of its supply at launch, and burned tokens were obliterated from circulation before launch. The remaining 45 percent is reserved for PancakeSawp's pre-sale and Initial Liquidity Lock, with the remaining 5% reserved for its team members and airdrop. The Innovative TokenEconomics will ensure that EvegGrow has all the features to become the Next Big Cryptocurrency.
He added: "You’re simply reliant on someone further down the line being willing to pay more than you did to turn a profit, which is a risky bet indeed."
Squid's developers have made off with an estimated $3.38m (£2.48m), according to technology website Gizmodo.
In this articleWhat Does This Price Drop Mean for Crypto Investors?What If You Haven’t Yet Invested In Crypto?What’s Behind the Latest Bitcoin Drop?
Plus, a short seller’s $1m ‘bounty’ on Tether, more outflows from unloved UK stocks and Tom Stoppard’s Leopoldstadt
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The second-largest crypto by market capitalization holds its position firm against its hurricane-like hurdles. $ETH… https://t.co/mBER1jg0bC
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