The most fundamental thing you need to understand about Safemoon is that it is not a crypto coin. It is a token that operates on the Binance Smart Chain (BSC). In crypto jargon, a coin is a cryptocurrency that operates on its own blockchain. It is not the same as a token.
Mistakes like this happen throughout finance when, for instance, traders mess up details of their intended trades, entering the wrong price or order size. An erroneously large trade, as one example, can overwhelm an exchange's order book, leading to a quick and massive decline. The entire U.S. stock market famously flash crashed back in May 2010, though equities have mostly avoided trouble since that era.
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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.
Traders have flocked to the new currency and it has seen a 910 per cent increase in price since April 16 to April 20.
So what should crypto investors do in light of this latest increase? Nothing, according to the experts we’ve talked to. Given the crypto’s history of volatility, this increase doesn’t guarantee a long-term reversal. Bitcoin’s price is just as likely to fall back down as it is to continue climbing. The price swings are going to keep happening, and experts say they’re something long-term crypto investors will have to continue dealing with.
After the flash crash, Bitcoin's level on Binance U.S. "almost immediately snapped back to where it had been," according to a Bloomberg report.
BTC to BITO: the original cryptocurrency, and the promise and limitations of Bitcoin ETFs
According to reports on Tuesday 26 October, US regulators are looking for new ways and strategies for banks to hold crypto assets and address their current rise.
To buy SafeMoon via PancakeSwap, you'll need to download a wallet compatible with the Binance Smart Chain, such as Trust Wallet. After this, you will need to purchase Binance Coin (BNB) via your wallet. You can then use this BNB on PancakeSwap to exchange for SafeMoon.
(Bloomberg) -- Crypto exchange Binance.US, whose chief executive officer recently resigned, just appointed a new president.
Voyager, a cryptocurrency brokerage platform, reached a 19-race deal to sponsor Cassill in the Xfinity Series in his JD Motorsports entry.
A blockchain is spread across many computers that manages and records transactions.
Indeed, Amazon has recently sparked rumors that it’s making moves to that end by sharing a job posting for a “digital currency and blockchain product lead.” Walmart is also recruiting a crypto expert to oversee its blockchain strategy.
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.
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To buy SafeMoon via PancakeSwap, you'll need to download a wallet compatible with the Binance Smart Chain, such as Trust Wallet. After this, you will need to purchase Binance Coin (BNB) via your wallet. You can then use this BNB on PancakeSwap to exchange for SafeMoon.
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.