Bitcoin and some other cryptocurrencies’ values have skyrocketed in recent years. Bitcoin’s price has more than doubled in 2021, and Ethereum has more than quadrupled in value this year.
If you already have a wallet on the Binance Smart Chain, getting Safemoon is as simple as exchanging it for any other token in your wallet on a decentralized exchange (DEX) such as PancakeSwap.
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In an inflationary environment, assets like Bitcoin appear more attractive to investors. The BTC price rallied to a new all-time high on Wednesday.
The next Safemoon "EverGrow Coin" is already marking its footprints and breaking many records. EverGrow is the first yield generating a token that offers rewards in BUSD. What's more, unlike other crypto projects, EverGrow Coin is already excelling in different fields, and it has already disrupted the market with its top-notch token distribution strategy.
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The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin. (Pic: Shutterstock)
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Safemoon is a member of the group of tokens known as memecoins. Memecoins are crypto tokens or coins based on internet memes. Specifically, Safemoon derives its name from a popular slang term in crypto discussion forums—’going to the moon’. This expression refers to the price of a crypto asset rising very high over a very short period.
The cryptocurrencies prices are highly volatile compared with the traditional currency pairs and assets in the foreign exchange market due to fluctuations in the interest of the public. This factor is associated with the user and we must add the absence of current regulation and its constant pressure from governments. These factors make the volatility of the digital currencies constant, modifying the Cryptocurrencies Market Prices and affecting values of such cryptocurrencies as Bitcoin, Ethereum, Ripple, Cardano, Stellar Lumens, VeChain, Litecoin or Chainlink, among others.
Karony likens SafeMoon’s holder payments to the beginnings of businesses like Amazon.com Inc., where “earlier investors receive higher returns and growth because the initial risk they took was higher than those who joined later.”
View: A digital rupee and cryptocurrencies can (and should) co-existAnirudh Rastogi & Amol Kulkarni
In late 2012, WordPress became the first major merchant to accept payment in Bitcoin. Others, including online electronics retailer Newegg.com, Expedia, Microsoft, and Tesla followed. Countless merchants now view the world’s most popular cryptocurrency as a legitimate payment method.
Even if they are on the list the city watchdog is not responsible for regulating them and they don't have any power over how they conduct business with customers.
The same goes for the Safemoon exchange compared to the competing exchanges. The number of products that the Safemoon ecosystem will host is less than that of competing parts. In the long run, less revenue will be generated on the Safemoon network, which means the rewards for token staking will be lower compared to platforms like Bitrise.
Traders have flocked to the new currency and it has seen a 910 per cent increase in price since April 16 to April 20.
Shares of Tellurian (NASDAQ: TELL) tumbled more than 15% by 2:30 p.m. EST on Wednesday. Weighing on the liquified natural gas (LNG) stock was news that it closed a debt offering. Tellurian closed its previously announced public offering of senior notes.