As we don’t know exactly how to classify them, it’s difficult to attribute a direct causality to a specific factor and a crypto’s rise or dive in value.
“One of our institutional traders indicated to us that they had a bug in their trading algorithm, which appears to have caused the sell-off,” Binance.US said in the statement. “We are continuing to look into the event, but understand from the trader that they have now fixed their bug and that the issue appears to have been resolved.”
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The buyers will now attempt to push the price to the resistance line of the wedge. If bulls thrust the price above the wedge, the bullish momentum could pick up and the LUNA/USDT pair may reach $62.59.
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However, after three months in the role, Brooks resigned amid an alleged battle over independence from Binance CEO Changpeng Zhao. Brooks himself did not give his reason for leaving.
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With the rise in artificial intelligence and automation, armies of trading bots can theoretically be used to push a crypto’s price up by creating an artificial demand for the coin. As always, you should do some research to make sure any crypto you’re thinking of investing in isn’t being artificially boosted by bots.
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Launched in 2015, Ethereum (ETH) is the second most popular cryptocurrency and, on most days, the second most valuable after Bitcoin.
The market has been quite bullish on Bitcoin. Despite more than 13,000 cryptocurrencies listed on CoinMarketCap, Bitcoin remains the dominant digital currency.
BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money.
Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC's Cathie Wood.
"We are LIVE and BOOMING!," said the community behind the newly launched Lorde Edge coin.
As SafeMoon is so new to the crypto market, our SafeMoon stock forecast is very speculative. However, there are some essential pieces of information that we can feed into our analysis to arrive at logical predictions. With that in mind, let’s take a look at our SafeMoon prediction 2021 for the upcoming months: One Month – The current SafeMoon price is incredibly low, trading at $0.00000141. However, if momentum were to pick up, we could see the price head towards the recent resistance level of $0.00000333 over the next month. Three Months – It is still relatively difficult to invest in SafeMoon, so getting the liquidity for higher prices is still an issue. That being said, we estimate that SafeMoon could head towards the $0.00000500 region over the next three months. Start of 2022 – If the SafeMoon developers make true to their promises, it’ll likely increase the hype surrounding this altcoin. This could push SafeMoon into the $0.00000600 region by the beginning of 2022.
One of the key principles of smart investing is: Never invest in anything you don't understand.
Whilst demonstrating a respectable return, especially for a meme token, SafeMoon has the potential to spike again in the future. With expert, or lucky, timing you may be able to catch another huge market spike and benefit from the volatility of the cryptocurrency market.
When the market adjusts, the price shoots up. Large holders of that crypto can then cash in on the gains by dumping their coins, bringing the price down. Although exchanges know about these methods, stopping them isn’t all that simple, as the perpetrators know how to stay under the radar.