Discrepancy in price of token on spot and futures markets opens opportunities for arbitrageurs
It is the latest cryptocurrency to have seen a spike in interest since the turn of the year, following on from the success of Dogecoin, Bitcoin and Ripple XRP in recent weeks.
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According to analysts’ forecast, SafeMoon price will hit the $1 level soonest as the price has been showing bullish momentum, steadily moving up since the beginning to attract more buyers. Despite the escalation in SafeMoon cryptocurrency, analysts are cautiously looking at the cryptocurrency market outlook due to the recent drop in crypto prices to their support levels.
The second-largest crypto by market capitalization holds its position firm against its hurricane-like hurdles. $ETH… https://t.co/mBER1jg0bC
At the time of writing, Bitcoin’s value was fluctuating at around $67,921.67, or £50,107 according to Coinbase.
The scope of the operation is not unlike the search for new prime numbers, which also requires tremendous amounts of computing power.
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Pa´stor, L. and P. Veronesi (2003), “Stock valuation and learning about profitability”, The Journal of Finance 58 (5), 1749–1789.
Cryptocurrencies’ supply and value are controlled by the activities of their users and highly complex protocols built into their governing codes, not the conscious decisions of central banks or other regulatory authorities.
Binance.US was founded in 2019 in response to regulations that impacted Binance’s business in the United States. U.S. regulators believed some of the crypto assets that Binance’s trading platform allowed a user to trade were essentially securities. A security is a category of financial products which includes stocks, bonds, and specialized derivatives like futures. Trading in securities in the United States requires extensive licensing. Rather than change its main exchange to suit U.S. regulations, Binance instead created a separate exchange for U.S. customers, called Binance.US.
Among those who called it, hedge fund manager Mark Dow wrote almost exactly a year ago about his decision to short bitcoin after future trading on it first began:
Currently, the global crypto market cap stands at $2.94 trillion, an increase of 3.21%. Other cryptocurrencies were also trading in the green.
NFTs have taken the place of trading paper cards and go beyond sports in today’s world
But of course you'll want to be wary of another possible Squid Game fiasco, which reportedly scammed users of an estimated $3.38million.
Access SafeMoon on-chain analysis and actionable signals as a member of CryptoSlate Edge. @safemoon safemoon.medium.com/ fb.com/safemoonprotocol /r/SafeMoon/ t.me/safemoonv2 Discord
Keep your crypto safe and access your funds seamlessly with the Binance.US multi-crypto wallet. USD deposits are protected by FDIC insurance.
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