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The SafeMoon price is not joining in the broader market rally today and is down about 4%. Over a longer term view, however, SafeMoon is doing just fine. Since October, the SafeMoon price has rallied over 160%. The recent declines could be investors taking some profits off the table in a broader market that is trading at all-time highs.
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The comparison of Binance vs Binance.US ultimately comes down to financial regulations in the United States.
The SafeMoon price climbed 46,533% from the launch to peak at $0.00001399 on April 20th before falling back down to its original value of $00000361 by May 2nd, when it rebounded once again.
New York City Mayor-elect Eric Adams pledged Thursday that he would accept his first three paychecks in bitcoin when he formally takes office next year.
The result of this saw Bitcoin’s highest prices sliced in half in June, with the coin struggling to break out of the low to mid $30k price range until it received a welcome boost from Tesla founder Elon Musk in his appearance at major Bitcoin conference in July.
Specifically, “5% Holder Rewards are dispersed to all token holders relative to their holding percentages,” DogeZilla claims.
The worldwide crypto market capitalization is currently $2.90 trillion, decreasing 1.25% over the last day. (Shutterstock)
But what about now? Well, Binance.US certainly doesn't have the same level of liquidity that Binance does. If we look at the top traded pair on each exchange over the last 24 hours, BTC/USDT for Binance, and BTC/USD for Binance.US, the volumes are as follows:
But even this kind of pullback could not kill the inherent uptrend and in one of our previous reports, we mentioned that a breakout above $62,500 was required for BTC to resume strength.
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SafeMoon technically isn't a cryptocurrency but a DeFi token, according to its website.
CryptocurrenciesAsia crypto sector stays confident despite China regulatory curbs
(Bloomberg) -- For much of this year, rising inflation has been bad news for gold. Now it’s giving the metal a shot in the arm. Most Read from BloombergWhy Hong Kong Is Building Apartments the Size of Parking SpacesFarmers Take on ‘Post-Apocalyptic’ Food CrisisGreece’s Popular Islands Are Crowded — With PlasticDo Prisons Deserve a Second Chance?While bullion is often bought as a way to protect wealth when consumer prices are climbing, this year’s inflation had weighed on the metal as investors b