To investors hunting for the next Dogecoin, the more than 19,000 per cent price gain that cryptocurrency SafeMoon posted in its early weeks was like catnip. Though the price of the four-month-old token has dropped since then, more than 2.4 million investors have bought it, according to its developers.
HomeNewsInformationStocks & SharesPress ReleaseGuest PostTop 10’sCryptocurrency regulationInteresting Crypto StoriesMarketsLive MarketPrice AnalysisPrice PredictionLaunchpadProduct ReviewsCentralised ExchangesDecentralised ExchangesCryptocurreny WalletsCrypto Tracking ToolsDappsEarning sitesAcademyBeginners GuideTrading GuideDevelopers GuideFindCompaniesContactSubmit Guest PostSubmit QuerySubmit PRAdvertiseWe Are Hiring
.
Mikhael Karkhalev, financial analyst at currency.com, said: “Growing concerns around inflation and global rate hikes are clearly on investors’ minds.
Just as the desirability of its products impacts a company’s share price, the crypto monetary system impacts the cost of crypto trading. The value of a cryptocurrency is primarily affected by its supply, the market’s demand for it, availability, and competing cryptocurrencies.
Man wakes up with £110,000 in bank account so buys house - but Barclays now want it back
Re-imagined NFT Lending Services: Other classes of attractive services offered by the platform are related to NFTs. NFTs represent unique digital assets such as digital artworks, trading cards, image files, video clips, property assets, etc. These digital assets are traded on a unique platform called the NFT marketplace. The EverGrow platform aims to develop one of the largest BSC-based NFT marketplaces in the world. Users will create new NFTs, sell and buy their NFTs securely and economically on this marketplace.
Bitcoin price recently recorded a new all-time high at near $69,000 on November 10 fueled by sustained inflation. The argument that the leading cryptocurrency is a hedge against rising cost pressures has been fueled by inflationary fears. More Bitcoin News Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive
Ethereum’s previous all time high of $4,379.11 was reached in May’s cryptocurrency boom, but the cryptocurrency is now trading at roughly $4,832 (£3,562.31) as of 2.43pm on Tuesday afternoon.
The university hopes the move will raise funding for large-scale conservation and restoration initiatives.
Crypto market capital shoots to $2.34 trillion with Ethereum occupying 20% of crypto economy
When Bitcoin’s price exploded in late 2017, so did the interest of the general public in cryptocurrencies. Internet searches for Bitcoin, cryptocurrencies, and crypto prices skyrocketed. Many people weren’t able to resist the fear of missing out on the massive gains the early adopters were experiencing as crypto prices rose quickly. When the inevitable correction came and crypto prices fell, those who bought towards the end of the bull run immediately saw the value of their holdings halved. Despair and anguish followed, but the enthusiasm of the crypto community hasn’t faltered.
In what traders call a “scam wick,” the one-minute BTC/USD differed dramatically from other major exchanges, which logged a one-minute candle with a floor of around $64,200.
Cryptocurrency prices can move in spectacular fashion, and there are a variety of triggers for such volatility. Here are a few of them:
Some experts have already expressed concern that the inclusion of the Binance Coin on the platform may prove controversial in the United States. While Binance.US is described as a subsidiary, its business model might draw attention from the U.S. Securities and Exchange Commission based on the fact that BNB token acts as both a security and a utility token. As such, it could pass the so-called Howey test for being security, thus potentially becoming a snag on the Binance’s path to establishing itself in the US.
The hyper deflation payment network token has caused ripples in the crypto world and continues doing well on top of all this.
But what is SafeMoon and why has it garnered such an interest? And is it something you should look out for?
“We’ve seen a tremendous amount of inflow of attention, and that’s going to continue to drive the growth of the industry for a while now,” says Abner.