Explaining the digital assets designed to limit volatility but attracting regulators’ attention Previous page You are on page 1 Next page
The pair could first drop to $4,146.30 but if this support also gives way, the correction could reach the psychological support at $4,000.
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That lack of widespread adoption, plus crypto’s volatility, limits its use as a currency, says Roger Aliaga-Díaz, principal and senior economist with Vanguard Investment Strategy Group.
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However, in the wake of the technical issues, the DeFi protocol has met its share of criticisms and FUD. Some Twitter users have even accused SafeMoon of scamming its users.
The week has been much more successful for some of SAFEMOON’s fellow DeFi tokens. Kava.io (KAVA) hit an all-time high on August 22, and data indicated that it has made a couple of further attempts to reach those heights since. In addition, Terra (LUNA) also achieved its latest all-time high, hitting $36.61 in the morning of August 29. This milestone is the result of an impressive total growth of nearly 30%. It also brings the token closer to a spot in the top 10 most valuable cryptocurrencies by market capitalization. LUNA is currently ranked 11th.
Cryptocurrency(c) 2021 BloombergNick Baker, BloombergUpdated: October 22, 2021 9:31 am IST
Bitcoin’s surge continued overnight on Monday as the cryptocurrency soared to $68,568.85 in value in the early hours of Tuesday morning, according to Coinbase.
“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.”
SafeMoon price is having trouble breaching through crucial barriers as it undergoes correction after a massive upswing. This development is the buy opportunity that the bulls will need before the token decides to double again. Cryptocurrencies Price Prediction: Bitcoin, Ethereum & SafeMoon — Asian Wrap 9 Nov Cryptos | 11/9/2021 3:33:16 AM GMT Bitcoin gives bulls final entry opportunity before BTC explodes to $77,000
An asset that depends vigorously on the fundamentals of supply and demand is known to go far. The news about SafeMoon has been spread all over the world. As more people will get on its radar, the more individuals will put investment into it eventually. The worth of crypto overall has been consistently going up for quite a long time. And as Manward Financial Digest author Andy Snyder anticipated toward the start of this year, crypto’s worth is simply going to rise.
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Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose the money.
The majority of cryptocurrencies function without the backing of a central bank or government. Instead of relying on government guarantees, decentralized technology called blockchain underpins the operation of cryptocurrencies.
The global crypto market cap fell more than 2 per cent to $2.82 trillion mark compared to the last day. However, the total crypto market volume jumped over 31 per cent to $176.91 billion.
Shortly after achieving these astronomical new heights, Bitcoin’s price fell back toward $62,700 before recovering slightly to around $64,500, while most altcoins endured near double-digit losses.
However, as scheduled, the Binance community should expect the Axie-listing today exactly at 8 am EST / 5 am PST. As we are all waiting for the event, users currently have the option to deposit their AXS in preparation for trading.