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And that, we regret to inform you, has led to some rather silly thinking (highly unusual in the crypto community, we know), specifically of the chart-crime variety:

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Nostalgia seeps in the trends, whenever the price of SafeMoon cryptocurrency makes a continuous price increase, data of SafeMoon forecast shows the rise was followed by a correction between 20 percent and 30 percent, adding to investor rally of buy and sell. SafeMoon, the world’s best-known and most valuable cryptocurrency based on SafeMoon Protocol price rise, has more than doubled in price this year, a wild run that’s reminiscent of its monster rally in the last month that saw it narrow in on the 0.000004 US Dollar mark. .

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As of 9:54 a.m. in New York, the overall market cap of cryptocurrencies hit $3.3 trillion, according to CoinGecko pricing. The third- and fourth-biggest tokens, Binance Coin and Solana, have added more than 20% in the past seven days; all of the seven biggest coins are up over the last week.

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“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.”
Meanwhile, even the most enthusiastic bitcoin evangelists are realizing that a retooling is in order. Michael J. Casey, a senior adviser for blockchain research at MIT’s Digital Currency Initiative, recently wrote about how the crypto-winter has arrived, but it may lead to better things down the line:

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Robert is a writer from Yorkshire where he received a BA in Journalism from Leeds Trinity University. Having previously contributed to Shout Out UK, Metro and The Yorkshire Evening Post, Robert is fascinated by decentralized tech and blockchain. He has been fascinated by cryptocurrency since early 2020. He looks forward to learning more about the crypto space and educating others through BeInCrypto. Top 6 Projects on Solana With Massive Potential Solana projects are taking over the crypto market. Solana (SOL)... Advanced 2 days ago CFD Regulations Around the World — A Comprehensive Guide Over the past few years, CFDs have been attracting private... View all content Most Read Shiba Inu Dog Purchases Becoming Popular on the Back of SHIB Crypto Popularity Finnovex West Africa 2021: Post Event Roundup Red Bull F1 Completes Limited-Edition NFT Collection Solana’s (SOL) Phantom Wallet Hits One Million Active Users, SOL Also Reaches New All-Time High Medabots Takes the Blockchain Route – Medachain Is Coming Soon Policy Reform Required as Swedish Director Generals Look to Ban Proof-of-Work Mining

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Binance Coin (BNB) slipped below the $630 support on Nov. 11 but the bears could not sustain the lower levels. The altcoin staged a strong recovery and the bulls are now trying to push the price above $669.30.

  • Litecoin

    You can't ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls

    In what traders call a “scam wick,” the one-minute BTC/USD differed dramatically from other major exchanges, which logged a one-minute candle with a floor of around $64,200.
    Crypto exchange urges investors to take ‘long-term’ view while results suggest feverish dealings have cooled

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    Tim Cook Owns Cryptocurrency, But Says Apple Has No Immediate Plans of Crypto Integration

    Numerous others have also made their mark on the industry, some of whom Cointelegraph lists in its top 100 people in crypto and blockchain for 2021.
    Loans offered via decentralised finance networks have been compared to fixed income securities

  • Bitcoin Cost In 2022

    A look at the recent charts shows that Safemoon has been on a downward trend since the start of November. Safemoon has also not been doing very well since its last all-time high around 21st April 2021. Despite a surge in mid-May, the next time Safemoon experienced bullish growth was the end of October.

    “You can’t ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls,” she said.
    When that’s the case and demand increases, the price of that underlying asset goes up. Roughly speaking, this is the simplest way to address how the prices of cryptos fluctuate.

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    The bullish rise and increased confidence in Bitcoin will likely see it remain at prices fluctuating between $60,000 and $70,000 but with increased resistance as it looks toward a $100,000 price prediction in 2022.

    Founded by an alias of “9ZEROES”, DogeZilla models itself as a community-based project.
    Non-Bitcoin cryptocurrencies are collectively known as “altcoins” to distinguish them from the original.

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Even though many coins are on an uptrend, Bitrise is worth considering as thousands of Shiba Inu and Safemoon holders have joined since its release.

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According to DogeZilla’s white paper, it has a vault that verifies crypto launches.

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Even if this were the case, and Safemoon coin was to increase in price dramatically before an instant fall, it would still represent a good investment for purely speculative investors. For example, if Safemoon were to simply return to the all-time high experienced on April 20th, then that would represent an incredible 921% return from today’s price!

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