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More and more cryptocurrencies are entering the market every day, each one offering a slightly different model to attempt to attract investors. One of the most intriguing cryptocurrencies launched this year is SafeMoon, which looks to take the DeFi world by storm.

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According to reports on Tuesday 26 October, US regulators are looking for new ways and strategies for banks to hold crypto assets and address their current rise. .

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Bitcoin Gold was spawned as a way to make Bitcoin a more user-friendly experience. Developers of Bitcoin Gold have promised that cryptocurrency will be a network for experimentation, allowing users to develop products while working with a protocol that is similar to that of Bitcoin.

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The cryptocurrency market is a vast and sometimes confusing place with different coins to choose from.
Billionaire Elon Musk hasn’t gotten involved yet like he has with Dogecoin and Shiba, but that’s always a possibility.

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Unlike other cryptocurrencies, SafeMoon claims it will reward people who buy its token and hold on to it rather than trade - for which there are penalties in place.

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    Fig 6. Wavelet coherence between Ethereum new authors and price decomposed for different period bands (with GSADF test bubble overlay).

    The most popular cryptocurrencies are currently Bitcoin, Ethereum and Litecoin. These dominate the cryptocurrency market and are highly popular among traders and investors.
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    When Ethereum and Bitcoin crashed, these “discount plays” tanked. Now, as the mainstream plays begin to build momentum, these cryptos are struggling to get off the ground and make space for their own identities.

    Zhao said the U.S. division won't initially launch in New York since it has not obtained a BitLicense (which is issued by the New York State Department of Financial Services) and neither has BAM, which is regulated by the U.S. Financial Crimes Enforcement Network (FinCEN). Coley, the CEO of BAM and Binance.US declined to comment on plans to apply for one.
    SafeMoon is one such coin, which has been growing in popularity. And is gaining limelight across public platforms, garnering the interests of enthusiasts. It is a known fact that the protocol is community focussed and a fair launched De-Fi token. Substantial sources suggest that three simple functions occur during each trade.

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Collectively, newer emerging coins are making their presence felt in the crypto industry. Enthusiasts are expecting SafeMoon to rebound from its current levels, and follow a similar rally like that of SHIB. Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena. Avalanche, Polygon, and Axie Infinity To Dethrone These Three Altcoins From Top 10! With‌ ‌Parachain‌ ‌Auctions‌ ‌on‌ ‌the‌ ‌Horizon,‌ ‌Will‌ ‌Polkadot‌ ‌Price‌ ‌Surge‌ ‌Around‌ ‌30%?‌ ‌ Quick Updates on latest trends in financial services, fintech, digital strategy and more with our industry leading Fintech Channel.

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Yet tales of meme-coin holders becoming millionaires have attracted new waves of retail investors to crypto -- along with a growing number of nefarious players. In May, the Federal Trade Commission tallied a record number of crypto investment scams, with Americans’ losses totaling around $80 million since October.

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Currently, the global crypto market cap stands at $2.87 trillion, an increase of 4.70%. Other cryptocurrencies were also trading in the green.

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Facebook’s closely guarded Libra project could be the first true cryptocurrency alternative to fiat currencies, although its growing pains suggest that true parity remains well in the future.

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