SafeMoon burst on to the cryptocurrency market place earlier this year – and now the digital coin is seeing further gains.
The volume of searches for particular terms is retrieved from the Google Trends service, a service provided by Google to give an insight into the popularity of different search terms over time. Search volumes returned from Google Trends are scaled from 0 to 100, where 100 represents the highest search volume within the time frame queried. In this work, the search term considered is the name of each cryptocurrency; for example, the volume of searches for “Bitcoin”, “Ethereum” etc.
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The global cryptocurrency market cap has grown by 2.63 percent over the previous day to $2.94 trillion, data from coinmarketcap.com shows.
There has also been a big debate on Safemoon tokenomics. Most of the competing coins have more appealing and innovative tokenomics than Safemoon. Whereas the Bitrise coin has an automated buyback and burning process, Safemoon is burning manually. This means the regulation of the Safemoon token liquidity is less transparent.
Competing interests: The authors have declared that no competing interests exist.
Binance.US has decided to take a snapshot of OMG tokens held by users at the first Ethereum (L1) block, and will further distribute BOBA tokens at the ratio 1OMG=1BOBA. The estimated time is subject to change and is just for reference as of now. According to sources like this Binance review, the company is predicted to maintain its position as the global leader in cryptocurrency exchange.
An Instagram ad by the influencer was criticised in a speech by FCA chairman Charles Randell.
Brooks did not respond to requests for further comment. A spokesperson for Binance declined to comment.
Overall, Coinmarketcap estimates the global crypto market has shrunk around 10% in the past 24 hours.
Cryptocurrencies’ finite supply makes them inherently deflationary, more akin to gold and other precious metals — of which there are finite supplies — than fiat currencies that central banks can, in theory, produce unlimited supplies of.
Beijing's crackdown on cryptocurrency sends bitcoin entrepreneurs moving to the wild wild west.
SafeMoon’s upcoming upgrade, V2, is expected to enhance the token’s security, quality and accessibility. The SafeMoon community widely anticipates the launch of the V2 upgrade, and investors expect SafeMoon to recover from the recent drop in price.
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Influencers like disc jockey Diplo, YouTube star Jake Paul and platinum-selling rapper Lil Yachty touted SafeMoon, though none were compensated for doing this, according to Karony. SafeMoon’s Twitter account now has more than 968,000 followers.
Some are curious if this meme coin will ever truly see a full Shiba and Dogecoin-like impact, although it’s already off to an impressive start.
Brooks did not respond to requests for further comment. A spokesperson for Binance declined to comment.