@waronrugs, a KOL with 100,000 followers on twitter, said that 50% of Safemoon is held by its founding team, so they may possibly crush the market at any time. All business logics of 4JNET follow the smart contract, and the team does not hold 4JNET tokens and have no access to the investorsâ funds.
Coinbase, which blamed market turbulence and lower coin prices during the early portion of the third quarter, posted revenue of ... TMS, Ep 39: GST on cryptos, D2C rush, investing in IPOs, and ELSS schemes
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The digital asset at press time is trading at $0.00000424. While the market cap is around $2,402,538,956. The trading volume for the last 24-hours is at about $12,121,142. And about 428.16660 TR have been burned. The coin had peaked to $0.000006 levels on the 28th of October. And is witnessing a downfall ever since.
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.
Cryptocurrencies are inherently cryptic â itâs right there in the name. And if you follow Warren Buffettâs advice to never invest in businesses you canât understand, it may be hard to justify investing in a currency made of math instead of gold.
But classifying crypto as an investment is complicated, too. It doesnât quite fit the mold of a traditional stock or bond, and while cryptocurrencies do share characteristics of commodities like gold â they can be bought and sold for cash and as derivatives based on expected future value â they have no inherent physical value or use.
That was something similar that happened with Squid Game - but that does not necessarily mean DogeZilla is scam.
Dow, at the time, simply could not come up with a good reason for the cryptoâs insane performance. The only logical explanation: Itâs a bubble. His views were especially prescient. He told Bloomberg this month that he made a profit twice due to this canny call.
One investor who wasnât deterred was Barstool Sports Inc. founder Dave Portnoy. In May, he announced to his 2.6 million followers on Twitter that heâd bought $40,000 worth, despite saying that SafeMoon could be a Ponzi scheme, a scam in which early investorsâ returns are paid with funds coming from later buyers that collapses when new deposits dry up or too many people try to cash out.
With such tokenomics, Bitrise coin is attracting thousands of investors, even from the most popular coins.
It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.
âThatâs one of the things we truly focused on, providing a means in which the community could talk to the team,â Karony said. This included ask-me-anything sessions held on Discord for the curious to learn more.
Brooks admitted that âbitcoin miners appear to be causing environmental problems.â However, he said Bitfury has taken steps to reduce the industryâs climate impact. For example, Bitfury has designed technology that makes cooling computers and data centers more efficient and reduces the environmental footprint of activities.
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With all of these shortcomings facing most of the competition, Safemoon is definitely in trouble. The Safemoon team has to do a lot to make the play competitive. Otherwise, not many people will be interested in this Safemoon. This means low demand, and this is how the value of Safemoonâs coin will plummet.
While the recent price history suggests that a meaningful rebound is imminent, it is crucial to pay attention to Bitcoinâs interaction with the 50 four-hour moving average at $62,000. Any increase in selling pressure that leads to a break of the support level could invalidate the optimistic outlook.
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