(Bloomberg) -- To investors hunting for the next Dogecoin, the more than 19,000% price gain that cryptocurrency SafeMoon posted in its early weeks was like catnip. Though the price of the four-month-old token has dropped since then, more than 2.4 million investors have bought it, according to its developers.
The repeated retest of a support level within a short interval tends to weaken it. If the price breaks below $49.78, the DOT/USDT pair could drop to the 20-day EMA ($48.09). This is an important support for the bulls to defend.
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SafeMoon is targeting greater adoption and additional use cases with the launch of V2.
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Support for users of both platforms definitely needs some improvement. Currently, the support provided by Binance beats that of Binance.US. With the restriction limiting U.S. users to this platform, many choose to shift their accounts to other crypto exchanges completely.
However, after three months in the role, Brooks resigned amid an alleged battle over independence from Binance CEO Changpeng Zhao. Brooks himself did not give his reason for leaving.
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On the products, Bitrise Audits and Techrate Audit, are programs that offer free audit programs for blockchains and smart contracts. So far, hundreds of developers have used these programs to audit their platform's integrity. Bitrise dApp wallet is the second product, and the team recently released Beta 2 version. The wallet is superior to the Safemoon wallet in so many aspects, including GUI usability.
El Salvador's move to adopt Bitcoin is the first time Bitcoin has been adopted as a legal tender in a sovereign nation.
How M&M made Thar a product, price and branding combo, and drove beyond off-road purists
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Bitwise’s chief investment officer explained why the firm has decided to drop its Bitcoin futures ETF and focus on the spot Bitcoin ETF.
Learn more about blockchain, and enroll for cryptocurrency certifications and courses under the best cryptocurrency auditor at BLOCKCHAIN COUNCIL.
It is also important to mention that Bitrise is one of the coins that Safemoon lost whales to a while back. This is just one of the signs that Safemoon is in deep trouble.
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