When new cryptocurrencies enter the market, often there isn’t much information about what they do or who their development team are. Thus, investors must read between the lines to determine whether the crypto is a viable investment or not. With that in mind, let’s dive into what SafeMoon is and its price history.
DeFi stands for decentralised finance token. They are very complex but essentially aim to disrupt the finance world to enable people to follow and lend in peer-to-peer networks, without needing a bank.
.
Former Binance US chief Brian Brooks to lead crypto miner Bitfury Source link Former Binance US chief Brian Brooks to lead crypto miner Bitfury Facebook Twitter LinkedIn Tumblr Pinterest Reddit Skype WhatsApp Telegram Viber Share via Email Print Amazon’s early Black Friday Instant Pot sale: Up to $80 off air fryers, pressure cookers and more today Puls Technologies lands $15M to provide on-demand home repair service – TechCrunch Amazon’s early Black Friday Instant Pot sale: Up to $80 off air fryers, pressure cookers and more today July 23, 2021 Anti-vax Hillsong Church member Stephen Harmon, 34, dies of Covid after posting ‘I got 99 problems but a vax ain’t one’ May 1, 2021 Arnold Schwarzenegger Is No Longer the Governor of California. Right? April 12, 2021 United Airlines to repay some of its US government bailout
Responding to regulatory pressure, Binance has curbed some services on cryptocurrency bets, highly leveraged positions and trading with tokens linked to shares, and has pledged to beef up its compliance staffing.
NEW YORK (AP) — Walmart denied any partnership with the digital currency Litecoin after a fake news release led to a brief flurry of inaccurate reports from national news outlets and social media users on Monday.
Blockchain technology. Enables the electronic payment system for virtual currencies, but not tied to any specific currency. Companies are using blockchains to create a permanent record of transactions of such things as sales of investments, corporate records, and legal documents.
RecommendedLifestyleTechnologyEntertainmentHome and GardenFashion and BeautyDeals
SafeMoon is still a relatively new cryptocurrency compared to others, having only launched in March 2021.
Dogecoin (DOGE), denoted by its immediately recognizable Shiba Inu mascot, is a variation on Litecoin.
If the price turns down from the resistance line of the channel, the pair could drop to the support line. This is an important level to keep an eye on because a break below it will suggest a possible change in the short-term trend.
The tecg titan said it wanted to create a separate, private currency system to allow users to make cross-border payments more easily.
Usually, when you buy stocks or cryptocurrency, the price chart is a valuable tool in your analysis. However, the combination of Safemoon’s short price history and low liquidity means that the price chart doesn’t tell us as much as it would with other cryptos. The huge spikes in April and May have been followed by a sustained decline, which has led the price to where it is right now.
Musk’s influence cannot be underestimated as, even though the likes of PayPal, Mastercard and Facebook have backed cryptos, the Tesla announcement still rocked the market.
“YOU’VE CRASHED #SAFEMOON THERES NO OTHER WAY TO SAY IT. WE WILL UPDATE YOU AS SOON AS POSSIBLE […] WE CAN’T WAIT TO HAVE YOU ALL HOME SOON…”
The token was trading at $1,157.00 Monday morning - 5.3% lower compared to actual Tesla stock, which closed at $1,222.09 on Friday.
For the latest crypto news and investment tips, follow our Cryptocurrency page and for live cryptocurrency price updates, click here.
Bitfury has appointed former Binance US boss Brian Brooks as CEO. Former financial regulators are in control of one of the world’s largest crypto mining outfits when the industry is booming.