With a year-long spike in the community, Safemoon could trade up to $0.0000089 at the end of next year and peak near an impressive price point for 2022.
NextAdvisor Investing Cryptocurrency Bitcoin Fell Below $65,000 After Latest New All-Time High. Here’s How Investors Should React to the Volatility Advertiser Disclosure Bitcoin Fell Below $65,000 After Latest New All-Time High. Here’s How Investors Should React to the Volatility
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Binance U.S.’ trading algorithm suffered from a bug that resulted in a Bitcoin flash crash on Oct. 21. Although prices recovered quickly, both cryptocurrencies are now trying to hold support to avoid further losses.
Several factors explain why Binance.US launched a separate platform. Changes in regulations and Binance’s own rules reaction to external changes stand out as a large driver.
Cryptocurrency prices can move in spectacular fashion, and there are a variety of triggers for such volatility. Here are a few of them:
Time will tell whether this is the case, but right now, the Safemoon price is trading pretty close to where it was in April 2021, right before the massive price increase. Since the all-time high of $0.00001094 back in May, the Safemoon price live dropped over 87%. Furthermore, the trading volume is extremely low, with CoinGecko reporting that just over $3.5 million worth of Safemoon was traded in the last 24 hours.
Despite its size and name recognition, Binance has had issues with regulators. In 2017, Binance left China and re-located to Japan and Taiwan before eventually moving to Malta. However, in February 2020, after Malta announced that Binance was not actually within its jurisdiction, the exchange quickly changed positions and declared that it doesn’t have a headquarters because Bitcoin doesn’t have a central headquarters.
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Even after falling back from its latest all-time high price, Bitcoin’s current price still represents a big upswing from the low $40,000 range seen in September.
DataCoin RankingsRecently AddedBiggest GainersBiggest LosersStablecoinsDeFi CoinsSmart Contracts
In May 2021, at the Ethereal Virtual Summit, CZ reiterated his stance that Binance has no central headquarters when he said the following:
Buy-back: Another feature that attracts customers the most is its robust price stability, provided by its efficient multiple buyback feature. By taxing 3% on every traction to support the buyback feature, EverGrow sends these tokens to a particular wallet, known as a 'buyback wallet.' These tokens are immediately removed from the circulating supply boosting the price and producing green candles on the price chart.
Our Safemoon prediction for 2025 states that the coin could be valued at around $0.000025 if the developers can improve its current usability.
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Kiana Danial is the CEO of Invest Diva as well as an internationally recognized personal investing and wealth management expert. She delivers workshops and seminars to corporations, universities, and investment groups, and has been featured in Forbes and on CNN. She was named the 2018 Personal Investment Expert of the Year by Wealth & Finance International. Publisher : For Dummies; 1st edition (March 6, 2019) Language : English Paperback : 352 pages ISBN-10 : 1119533031 ISBN-13 : 978-1119533030 Item Weight : 9.5 ounces Dimensions : 7.2 x 0.6 x 9.1 inches Best Sellers Rank: #2,470 in Books (See Top 100 in Books) #5 in E-commerce Professional (Books) #5 in Digital Currencies #5 in Money & Monetary Policy (Books) Customer Reviews: Start reading Cryptocurrency Investing For Dummies on your Kindle in under a minute. Don't have a Kindle? Get your Kindle here, or download a FREE Kindle Reading App.