A cryptocurrency is, most simply, a digital asset. It is called a currency because it was created to work as a medium of exchange in the same way that we use fiat currencies now.
“This is because if the bill passes, exchanges will have to issue 1099-B tax forms with cost basis information to investors,” Shehan Chandrasekera, CPA, head of tax strategy at CoinTracker.io, a crypto tax software company, recently told NextAdvisor. “This will significantly reduce the crypto tax filing burden.”

The upward price trend has been predicted purely on the merits of SafeMoon viz. security and reliability. A further influence on prices for this currency can be seen based on the inflow of funds by institutional investors and support to the crypto tokens in the long term. In light of the Pandemic and uncertainty prevailing around it, the cash portfolio has taken a major hit, taking the deficit of nations to a phenomenal level even for developed countries.
In addition, V2 features include “increased quality, security and accessibility of SafeMoon” in anticipation of what the project describes as a “warp-speed future.”