SafeMoon stands from "Safely to the Moon", a phrase that was adopted by Redditors about DogeCoin which refers to the price flying upwards "as high as the Moon".
On the other hand, Binance.US only has U.S. customers. The size of its liquidity pool is limited to the number of U.S.-based traders. However, operating in one of the largest crypto markets in the world, Binance.US still has a large enough liquidity pool to satisfy the needs of any small-scale trader. In April 2021, the trading volume on Binance.US was more than $28 billion. Binance.US has a much smaller liquidity pool than Binance, but it is enough for all but the very largest traders.
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Profit-booking near the resistance line pulled the price back toward the critical level at $49.54 on Nov. 9. The strong rebound off this level on Nov. 10 suggests that bulls are defending this level with vigor.
The cryptocurrency investment giant has also seen “massive” options volume as gold takes a fresh beating and institutions seek Bitcoin exposure.
Mr Karkhalev added: "The growth in the capitalisation of the Bitcoin crypto market has also aided confidence.
The SafeMoon price climbed 46,533% from the launch to peak at $0.00001399 on April 20th before falling back down to its original value of $00000361 by May 2nd, when it rebounded once again.
Investing in cryptocurrency-related offerings is challenging area for investors. The State Securities Board's compact glossary of cryptocurrency terms is intended to help investors equip themselves with a basic understanding of the terms and concepts underpinning the most common facets of cryptocurrencies.
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Unlike traditional payment processors, such as PayPal and credit cards, most cryptocurrencies have no built-in refund or chargeback functions, although some newer cryptocurrencies have rudimentary refund features.
"Play-to-earn" cryptocurrency is where people buy tokens to use in online games and can earn more tokens which can later be exchanged for other cryptocurrencies or national currencies.
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Depositing fiat and digital assets on Binance.US depends on a user’s account verification level described above. Depositing/withdrawing is done quickly and entails going to the Binance.US homepage and clicking on a customer’s profile and selecting an appropriate option from the dropdown menu in the provided dashboard.
Bitcoin is increasingly viewed as a legitimate means of exchange. Many well-known companies accept Bitcoin payments, although most partner with an exchange to convert Bitcoin into U.S. dollars before receiving their funds.
But whatever new products are produced, they will now have a harder time struggling with acceptance. Whether we like it or not, message and image are important.
In no time, all the Binancians and the entire crypto world will soon jubilate as Binance.US prepares to list Axie Infinity (AXS) on its platform today. According to the announcement, right after the listing event, Binance.US will open a full-time trading section for AXS/USD and AXS/USDT pairs.
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Much like Dogecoin, it is cryptocurrency that was started off the back of an internet meme.