People can also borrow crypto assets on various platforms and earn interest for loaning out assets. This niche of the cryptocurrency space is what is known as decentralized finance, or DeFi. Based on the DLT, various platforms facilitate the lending and borrowing of crypto without requiring the user to submit to the control of a centralized entity. DeFi also includes other aspects as well such as decentralized exchanges, or DEXs.
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SafeMoon is one among the handful of cryptocurrencies that made it to the top 100 crypto-list on its own. SafeMoon did not have the backing of top trading platforms and managed to gain investors’ attention by its projects alone.
“It’s easy to get carried away, but such aggressive growth is highly unlikely to continue forever.”
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It was a rough year for bitcoin–and cryptocurrencies in general. Here’s a look at how we got here.
Fig 1. Price series for each cryptocurrency considered (each cryptocurrency priced in USD).
The comparison of Binance vs Binance.US ultimately comes down to financial regulations in the United States.
India’s Parliamentary Standing Committee on Finance has listed a meeting with the leading crypto players in India on its age...
If you are worried about possible scams – funny enough DogeZilla claims it aims to make the crypto space safer for users.
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After that, five percent of the tax is then allocated to people who still own SafeMoon currency. This is to prevent the price from dropping as people start selling the token.
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The V2 upgrade is on schedule for launch, and the addition of new pairs to swap has increased the accessibility of the token for holders.
With a year-long spike in the community, Safemoon could trade up to $0.0000089 at the end of next year and peak near an impressive price point for 2022.
“I’ve been through the 2017 cycle, too,” Yang says, referencing the ‘crypto crash’ of 2017 that saw many major cryptocurrencies, including Bitcoin, lose major value. “I know that these things are super volatile, like some days they can go down 80%.”