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The worldwide crypto market capitalization is currently $2.90 trillion, decreasing 1.25% over the last day. Whereas the total crypto market volume over the last 24 hours is $134.45 billion, which makes a 5.79% increase. Bitcoin (BTC) $66,551 Ethereum (ETH) $4,740 Binance Coin (BNB) $638 Cardano (ADA) $1.24 Tether (USDT) $1 Solana (SOL) $240 Ripple (XRP) $1.24 Polkadot (DOT) $50.48 Dogecoin (DOGE) $0.27 USD Coin (USDC) $1
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Although this may seem like a negative, it actually means that if the Safemoon cryptocurrency were to showcase extreme growth, then any investments right now would be in at the ground level. Right now, the attention surrounding Safemoon is mainly negative, as many cryptocurrency market commentators are claiming that the token has no actual use except to make the development team and certain investors rich.
Bitcoin price hits new record high - why is Bitcoin up today? Cryptocurrency prices of Bitcoin, ETH and Shiba Inu (Image credit: Getty Images/Canva Pro)
"After hitting fresh milestones and hitting new ATH’s backed on the US CPI Inflation figures for October, traders began to book profits," it added. "Such corrections do not seem to be a major cause of concern just yet."
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Bitcoin, Ether Crypto Coins Surge to New Highs Before Correction, Shiba Inu, Dogecoin Slip Continues
But no true cryptocurrency emerged until the late 2000s when Bitcoin came onto the scene.
Bitcoin Gold was spawned as a way to make Bitcoin a more user-friendly experience. Developers of Bitcoin Gold have promised that cryptocurrency will be a network for experimentation, allowing users to develop products while working with a protocol that is similar to that of Bitcoin.
In a recent report from Kraken exchange, analysts said that the current quarter’s price action has a correlation of 0.88 with the fourth quarter of 2017.
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Cryptocurrency market is down 2.24% on the last 24 hours (2.15pm, Thursday 11 November).
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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 available at dirt cheap price and the coin remains to be low-hanging fruit for investors. Even for a mere $10, investors can get more than 2.5 million tokens. Investors need to make use of the dip and add in bags of tokens, for when the coin reaches a milestone, their investment can spike tenfold.