The repeated retest of a support level within a short interval tends to weaken it. If the price breaks below $49.78, the DOT/USDT pair could drop to the 20-day EMA ($48.09). This is an important support for the bulls to defend.
The billionaire founder of Citadel also expressed bewilderment with Elon Musk's decision to ask Twitter if he should sell 10% of his Tesla stake.
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Cryptocurrencies work using a technology called blockchain. They are tokens that can be used as a form of payment in exchange for online goods and services. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee. Cryptocurrencies are digitally mined, where very sophisticated computers solve extremely complex computational mathematics problems. Their mining is painstaking, costly and only sporadically rewarding.
Cryptocurrency prices can move in spectacular fashion, and there are a variety of triggers for such volatility. Here are a few of them:
The world's richest man now wants to be known as "Lorde Edge" based in a new location called "Trollheim."
Mr Musk has served as a key for driving up the prices for other major meme coins this year, including Dogecoin and Shiba Inu.
People in the crypto community say it will be the next “Shiba Inu or Safemoon” due to its tremendous growth and expected great things ahead.
Decentraland stands out with its unique trading experience because it operates as a blockchain-based cryptocurrency that models itself as a “world owned by users.”
Yes, there's a second meme cryptocurrency inspired by the meme dog. And a Wednesday flippening shows it's no joke.
Can RIL do a Jio in clean-energy business? The answer is hidden in an INR75,000 crore war chest.
Issuers of tokens that link crypto and traditional markets should function as banks, watchdogs urge
But whatever new products are produced, they will now have a harder time struggling with acceptance. Whether we like it or not, message and image are important.
Chargeable gains: Gains and losses on Bitcoin or other cryptocurrencies (which are not within trading profits) are chargeable or allowed for capital gains tax if they accrue to an individual, or for corporation tax on chargeable gains if they accrue to a company.
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III. 4JNET’s four guaranteesMSB license: 4JNET has secured the U.S. MSB license for encrypted tokens and is allowed to lawfully engage in initial coin offerings (ICOs), initial exchange offerings (IEOs) and encrypted token transactions.Transparency: All business logics of 4JNET are achieved through smart contracts. All of the contract’s addresses and codes are open sourced.Contract audit: 4JNET’s smart contract has been audited by the blockchain security company CertiK, and its security and fairness are further guaranteed.Fairness: 4JNET’s unique mechanism effectively curbs the token oligarchs and centralized holding of tokens.IV. Conclusions
The SafeMoon coin has been making top predictions for months now, and it won’t be slowing down anytime soon. Forecasting site WalletInvestor predicts that the price could reach $0.000002 by November 1st, while Gov Capital forecasted its value will dive to zero in May 2022. In between these two extremes, there is still plenty of growth potential.