The Fibonacci retracement indicator, measured from the Oct. 17 swing low at $3,640 to the Oct. 21 swing high at $4,375, suggests that Ethereum is sitting on stable support. The combination of the 50% Fibonacci retracement level with the 50 four-hour moving average at $3,922 is the most significant interest area underneath ETH.
Launch of crypto-linked investment fund lends ‘professional’ edge to swashbuckling asset class
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Some cryptocurrencies, like Bitcoin, have a finite number of coins that help to generate demand and reinforce their perceived worth. For example, the maximum supply of Bitcoin is capped at 21 million, as determined by the Bitcoin's creator(s).
Redditors recommend buying SafeMoon on every dip. SafeMoon will continue to be appreciated by the buyers and sellers for trading on exchanges of the crypto market, with a solid increase in price showing a potential of $0.009 over this year. Reddit Community
Cryptocurrencies are the tokens used to convey value and pay for transactions within blockchain networks and offer network incentives. Furthermore, you might think of them as a blockchain tool that can be used to serve as a resource or service or even to digitize asset ownership.
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As this platform does business as a separate entity from Binance, the users’ digital assets will be stored in Binance.US wallets only.
However, as the BBC reported, it was criticised for not allowing people to resell their tokens.
The value of Safemoon is currently sitting at $0.000003803 - up almost 23% over the past 24 hours, according to CoinMarketCap.
Despite having no top celebrity, actors, musicians, and entrepreneurs backing it, SafeMoon has still managed to gain the limelight. Its investors are mostly common folks spread across the world who want a better life for themselves and their families.
A cryptocurrency monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties such as central banks, corporations or governments. Cryptocurrencies are powered by cryptographically secure, verifiable transaction databases called blockchains, which provide their security and transparency.
More popular cryptocurrencies, such as Bitcoin and Ripple, trade on special secondary exchanges similar to forex exchanges for fiat currencies. (The now-defunct Mt. Gox is one example of an exchange.)
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Community-driven DeFi token SafeMoon has made it to the top 100 cryptocurrencies by market capitalization. SafeMoon prepares for a comeback with the upcoming V2 upgrade.
Harrison, who still owns SafeMoon, said that the developers have become more professional since the AMA incident: “They’re a bit more scripted, they sit down, they’re in suits.”