The market has been quite bullish on Bitcoin. Despite more than 13,000 cryptocurrencies listed on CoinMarketCap, Bitcoin remains the dominant digital currency.
Shortly after achieving these astronomical new heights, Bitcoin’s price fell back toward $62,700 before recovering slightly to around $64,500, while most altcoins endured near double-digit losses.
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In order to not only favor early investors, 4JNET plans to decrease service charges by up to 10%. The decrease will go into effect as transaction volume increases, providing a bridge between early and late investors.
While still on the tokenomics, Safemoon does not offer investors better returns than competing companies like Bitrise. That's the reason why over the last few weeks, there has been a mass movement of Safemoon community members joining Bitrise. This includes Safemoon whales. One of the reasons for this movement is better ROI from Safemoon competing coins.
The token is listed on over 12 crypto exchanges and posted a 3% drop in price over the past 24 hours.
Billionaire Elon Musk hasn’t gotten involved yet like he has with Dogecoin and Shiba, but that’s always a possibility.
The repeated retest of a support level within a short interval tends to weaken it. If the price breaks below $49.78, the DOT/USDT pair could drop to the 20-day EMA ($48.09). This is an important support for the bulls to defend.
SafeMoon exists on the blockchain and doesn’t use any monetary foundations or trades as mediators. According to the whitepaper published, it expects to elevate distributed trade and has an absolute stock of 1 quadrillion tokens. Their launch supply was 777 trillion tokens, and 223 trillion is the measure of Burned Dev Tokens. SafeMoon is navigated by CEO John Karoly, who had been appointed as an All-Source Analyst under the U.S. Department of Defense. The CTO of SafeMoon is Thomas Smith, who recently filled in as the CIO of Goldsmith Blockchain Consulting. Jack Haines-Davies is the COO of this currency who previously served in LikeAndShare LTD, and Ben Philips is hired as a Manager, as indicated by the LinkedIn profile.
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Other tokens, known as utility tokens, are only meant to be used within the context of a particular network, so they can’t even technically be classified as tradable assets in the same manner of security tokens.
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Ripple (XRP) broke and closed above the overhead resistance at $1.24 on Nov. 8, signaling that bulls are attempting a comeback. The bears tried to pull the price back below $1.24 but failed to sustain the lower levels.
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It should be noted that crypto prices also started rising more quickly when Donald Trump lost the presidential election, so we should probably have a think about the notion that Trump might actually be Satoshi, and that now with more free time on his hands he is focusing on pumping the market. After all it is highly likely that he is a Japanese-trained quantum physicist (do make sure you get to 2:09 in this for proof of his knowledge of thermodynamics, and to 2:45 for evidence of his reading Japanese):
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