Home / Markets / Cryptocurrency / This cryptocurrency zoomed over 70,000% in just 24 hours This cryptocurrency zoomed over 70,000% in just 24 hours Premium The crypto has been very volatile in the past week with huge price swings 2 min read . Updated: 11 Nov 2021, 05:31 PM IST Livemint
Welcome to the premium services of Business Standard brought to you courtesy FIS. Kindly visit the Manage my subscription page to discover the benefits of this programme.
.
The decision by Tesla, and announced by Musk, was seen by some as a slight on the credibility of cryptos to become a viable method of payment against physical currencies.
The price movements can be seen moving along a descending triangle on the charts. The digital asset can be seen accumulating currently, hinting at a breakout to higher highs. But a slight pullback to support levels can be expected. On the downside, a fall to the bottom can prevail, which is unlikely.
Despite this incident, crypto industry experts keep speculating about where Bitcoin's price is headed next with some suggesting it will soon hit $80,000. This past Friday, Bloomberg reported Bitcoin was headed for $80,000 to $85,000, while a crypto data expert said resistance at $60,000 would have provided the last buying opportunity before the coin would head for new all-time highs.
"While we expect the US Federal Reserve to adopt a soft approach to monetary policy going into 2022, timing a potential hike is not a simple thing.
Cryptocurrencies are often traded in lots â batches of cryptocurrency tokens used to standardise the size of trades. As cryptocurrencies are very volatile, lots tend to be very small: most are just one unit of the base cryptocurrency. However, some cryptocurrencies are traded in bigger lots.
Investors that may have once dismissed it, ought now to consider taking part in it
The secureness of SafeMoon is still a question among people. If you spend an hour on any of the online platforms talking about it, youâre probably going to discover viewpoints of each persuasion. Early adopters liked it as it immediately grew into great value. At the same time, there are people who express a lack of interest in SafeMoonâs future possibilities.
SafeMoon is not yet listed on Coinbase or Binance. However, the currency does hope it will achieve this in the future.
For many people, crypto is a type of alternative investment. Just as you can buy and trade stock in public companies, you can buy cryptocurrency with the hope that it will increase in value over time, allowing you to cash out for a profit at a later date. Some people invest in crypto less for the belief that it will become a popular currency and more as a bet on the blockchain technology behind it.
Born and raised in Iran as a religious minority, she was awarded a scholarship from the Japanese government to study Electrical Engineering in Japan, where she obtained two degrees in Electrical Engineering and researched on Quantum Physics in classes conducted in the Japanese language. Being the only girl and foreigner in her classes made her decide to dedicate her life to empowering minorities, especially women in the male dominated industries. The Beginner's Guide to Cryptocurrencies: What the New Rich Investor Teach Their Fo... What the New Rich Investors Teach Their Followers About Virtual Money $16.99 Out of the Ether: The Amazing Story of Ethereum and the $55 Million Heist that Almo... $14.99 Hunting Cyber Criminals: A Hacker's Guide to Online Intelligence Gathering Tools an... $37.23 The Only Bitcoin Investing Book Youâll Ever Need: An Absolute Beginnerâs Guide to t... The Design Thinking Playbook: Mindful Digital Transformation of Teams, Products, Se... $25.99 $33.09
4JNET will introduce a decreasing service charge mechanism to stabilize prices. To be specific, 90% of initial transaction amounts will be used as the service charge, 6% to be distributed to all token holders through tokens, and the remaining part to be automatically transferred into the liquidity pool.
Results were generated a few mins ago. Pricing data is updated frequently. Currency in USD
Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
In conclusion, our Safemoon forecast has covered what this token is and how it functions. As you can imagine, Safemoonâs small size combined with the media attention it has received has meant that many retail investors believe it could reach dizzying heights. Although this could be true, the fact that Safemoon doesnât have any real-world uses as of yet could be an issue; however, if this changes, we could see some significant moves in the months and years ahead.
However, cryptocurrency experts had warned of several tell-tale signs that it was likely to be a scam.