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Bitcoin is increasingly viewed as a legitimate means of exchange. Many well-known companies accept Bitcoin payments, although most partner with an exchange to convert Bitcoin into U.S. dollars before receiving their funds.
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Unlike other cryptocurrencies, SafeMoon claims it will reward people who buy its token and hold on to it rather than trade - for which there are penalties in place.
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On the downside, the zone between $67,000 and $63,750 is likely to act as a strong support. If this zone is breached, it will indicate that traders may be aggressively booking profits. The pair may then drop to the 50-day simple moving average (SMA) ($56,348).
In the last 24 hours, Bitcoin has gained around 3 percent and is trading above $67,000. The crypto has added over 10 percent in the past week.
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You might recall that back in the very early days of Covid-19 (or just “coronavirus” as it was then known), some crypto nutters enthusiasts started getting excited about the idea that the virus would be good for bitcoin because “paper money” “might be the source of #CORONAVIRUS #SARS2 infection”. After all, “fiat is dirty”:
“I know these things are super volatile, like some days they can go down 80%,” Humphrey Yang, the personal finance expert behind Humphrey Talks, previously told NextAdvisor. “But if you believe in the long-term potential of [Bitcoin], just don’t check on it. That’s the best thing you can do.”
But one of these sessions caused SafeMoon’s price to plummet by more than 50 per cent.
The price fluctuations came as conflicting reports on whether Chinese property giant Evergrande had "defaulted" on its loan surfaced.
Track your crypto portfolio with the latest prices from coins, altcoins and tokens, such as Bitcoin, Ethereum, XRP Ripple, Litecoin, Bitcoin Cash, EOS, Tether, Binance BNB, Stellar, Cardano, Monero, Doge and 2000+ more. View your portfolio in 90+ fiat currencies such as USD, EUR, JPY, KRW, CNY, crypto bases such as BTC, ETH, XRP, LTC and precious metals such as Gold and Palladium. Track the health and performance of your crypto portfolio with CoinMarketCap price data. Update your crypto holdings with the simple add and subtract interface when make new transactions.
Like many other meme-based altcoins, Safemoon is a very high-risk investment. If you’re game, read on and find out how to buy Safemoon tokens of your own.
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Cryptocurrency users have wallets with unique information that confirms them as the owners of their units.
Within its first eight days of existence, DogeZilla has been said to have grown into a super microcap of $500million from just $50,000.