SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:
Brian Brooks comes onboard for the crypto unicorn as they prepare to go public in the next 12 months in what would be Europe’s biggest cryptocurrency valuation. The firm is also planning to expand its mining business.
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The cryptocurrencies described here are marked by stable adoption, robust user activity, and relatively high market capitalization (greater than $10 million, in most cases, although valuations are of course subject to change):
SafeMoon has established a fast, reliable network and works with the user experience of the product. The SafeMoon Protocol is a community-driven and fairly launched DeFi Token. Three functions occur during each trade: Reflection, LP Acquisition, and Burn. These features can help the SafeMoon coin gain a much higher price of $0.000015. If the drive for functional crypto continues into 2023, the price may even see a paradigm rush.
After all, gold is often touted as the ultimate inflation hedge, yet it’s still subject to wild volatility — more so than many developed countries’ fiat currencies.
Although it is still on tokenomics, Safemoon does not offer investors better returns than competing companies like Bitrise. This is the reason why in the last few weeks there has been a mass movement of members of the Safemoon community joining Bitrise. This includes the whales of Safemoon. One of the reasons for this movement is the better return on investment of competing Safemoon parts.
Other tokens, known as utility tokens, are only meant to be used within the context of a particular network, so they can’t even technically be classified as tradable assets in the same manner of security tokens.
Terra’s LUNA token has been trading inside a rising wedge pattern. The bulls attempted to push the price to the resistance line of the wedge on Nov. 8 but could not sustain the higher levels.
Top GainersTop LosersMost Active - VolumeTop By Circulating SupplyTop Currencies By MCap
One key point to note about Safemoon crypto is that the developers haven’t really described any real-world use cases yet. The Safemoon protocol was hyped hugely by celebrities back in May, causing retail investors to jump on the bandwagon and push price higher. Following this, the price fell dramatically, leading many to claim that Safemoon was a ‘pump and dump’ scheme designed to make certain investors rich.
After that, five percent of the tax is then allocated to people who still own SafeMoon currency. This is to prevent the price from dropping as people start selling the token.
“If you were to wake one morning to find that crypto has been banned by the developed nations and it became worthless, would you be OK?” Frederick Stanield, a CFP with Lifewater Wealth Management in Atlanta, Georgia, told NextAdvisor recently.
INSIDE HUNGARY’S U.S. INFLUENCE CAMPAIGN: “Former Vice President Mike Pence turned up in Hungary last month to speak to a conference on conservative social values hosted by the far-right government of Prime Minister Viktor Orban,” Ken Vogel and Benjamin Novak write for The New York Times. “Jeff Sessions, the former attorney general, was another recent visitor. Tucker Carlson did his Fox News show from Hungary for a week this summer. The American Conservative Union is planning a version of its CPAC gathering in Budapest early next year.”
— Emergent BioSolutions has promoted Assal Hellmer to senior director for business communications, and Matt Hartwig to senior director for media relations. The firm also announced Katherine Getty has been promoted to director for federal government affairs.
As with most cryptocurrencies, there have been mixed reviews so far with one reddit user saying: “I completely agree that once they get listed on an exchange this could easily blow up.”
For many people, crypto is a type of alternative investment. Just as you can buy and trade stock in public companies, you can buy cryptocurrency with the hope that it will increase in value over time, allowing you to cash out for a profit at a later date. Some people invest in crypto less for the belief that it will become a popular currency and more as a bet on the blockchain technology behind it.
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