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Cryptocurrency market is down 2.24% on the last 24 hours (2.15pm, Thursday 11 November).
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Fig 5. Wavelet coherence scalograms between online factors and price (with GSADF test bubble overlay) for Litecoin and Bitcoin.
There was also a big debate on Safemoon tokenomics. Most of the competing coins have a more attractive and innovative tokenomic than Safemoon. While the Bitrise coin has an automated redemption and burn process, Safemoon burns manually. This means that the liquidity regulation of the Safemoon token is less transparent.
Exports of liquefied natural gas (LNG) from Equatorial Guinea are expected to resume after more than six weeks of disruption following an incident at the Alba gas processing facility, trading sources and the plant operator said. Sources have told Reuters in October that force majeure has been declared at the facility and some LNG cargoes have been deferred or canceled. The West African Punta Europa LNG plant is expected to export its first cargo since Sept. 25.
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A further blow was dealt when China ordered Bitcoin mining in its Sichuan province to shut down completely and furthermore told banks to stop supporting crypto transactions, in a latest wave of restrictions on cryptos.
No matter if crypto is going up or down, the best thing you can do is to not look at it. Set it and forget it like you would any traditional long-term investment account. “If you let your emotions get too much into it then you could sell at the wrong time, or you might make the wrong decision,” says Yang. “You stress out about it, and I don’t think that’s a healthy way to approach it.”
The digital asset at press time is trading at $0.00000424. While the market cap is around $2,402,538,956. The trading volume for the last 24-hours is at about $12,121,142. And about 428.16660 TR have been burned. The coin had peaked to $0.000006 levels on the 28th of October. And is witnessing a downfall ever since.
“Volatility is as old as the hills, and it’s not going anywhere,” Noble says. “It’s something you have to deal with.”
In the last 24 hours, Bitcoin peaked at a new record high price of $68,568.85 according to Coinbase.
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In 2017, Changpeng Zhao (also known as CZ), founded Binance. Zhao’s background includes developing high frequency trading software as well as working as an executive at another cryptocurrency exchange, OKCoin.
While exact predictions are impossible, we asked five experts about what they’re paying attention to in the crypto space for the rest of 2021:
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.