The SafeMoon coin has been making top predictions for months now, and it won’t be slowing down anytime soon. Forecasting site WalletInvestor predicts that the price could reach $0.000002 by November 1st, while Gov Capital forecasted its value will dive to zero in May 2022. In between these two extremes, there is still plenty of growth potential.
And, while it has big ambitions, its current market value is someway below the $1 dollar threshold - but has experienced a steady increase in price since its launch.
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Mr Karkhalev added: "The growth in the capitalisation of the Bitcoin crypto market has also aided confidence.
"For any centralized service, we have to do [client verification] and hold customer data," Zhao said. "On top of that we have to hold customer assets. Unlike banks, when the assets get stolen it's difficult to get them back. There's a high responsibility on the centralized exchanges we need to carry out well."
The nation’s president Nayib Bukele passed a bill in June that stated that from September 7, Bitcoin can be used in any transaction and all businesses must accept the e-currency as payment.
But, why do individuals mine cryptocurrency? The most obvious answer is that some people seek a second source of income and others want more financial freedom without the interference of governments or banks. For instance, crypto miners verify the legitimacy of transactions in exchange for Bitcoin as a reward for their efforts.
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There are thousands of different cryptocurrencies available today. The most popular — and the original — is Bitcoin, which was created in 2009. Other common cryptocurrencies include Ethereum, XRP, and Bitcoin Cash. Each of these currencies serves a different purpose, with some optimized for use in place of cash, and others designed for private, direct transactions.
The origins of SafeMoon can be founded in a recent couple of years when a pseudonymous person created a currency on the same lines as Bitcoin and Ethereum, and that would run on blockchain and ensure maximum transparency and security as the (decentralized finance) DeFi token at the same time simultaneously being scientific was considered highly incredible and brought a lot of turbulence in the initial phase of price offer! Moreover, according to the latest news, SafeMoon plans to develop NFT exchange and charity projects and crypto educational apps. Before we start with actual SafeMoon price prediction, let’s check coin overview with details. SafeMoon Overview Cryptocurrency SafeMoon Ticker Symbol SAFEMOON Price $ 0.000004 Price Change 24H -3.52% Price Change 7D -11.64% Market Cap $2,234,190,363 Circulating Supply 585,536,366,402,812 SAFEMOON Trading Volume $15,129,179 All Time High $0.00001399 All Time Low No Data SafeMoon ROI +9413.31%
According to the BLS, rising energy costs fueled a rise in CPI, but for at least six months, analysts have tracked the rising costs of food and other goods. The current CPI is the highest it has been since October 1990. Core inflation, a figure that ignores the impact of the rising cost of goods, showed a 4.6% increase, a level not seen since 1991.
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SafeMoon stands from "Safely to the Moon", a phrase that was adopted by Redditors about DogeCoin which refers to the price flying upwards "as high as the Moon".
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Makarov, I. and A. Schoar (2018), “Trading and arbitrage in cryptocurrency markets”, Journal of Financial Economics, forthcoming .
Importantly, cryptocurrencies can be exchanged for fiat currencies in special online markets, meaning each has a variable exchange rate with major world currencies, such as the U.S. dollar, British pound, European euro, and Japanese yen.