The original cryptocurrency, Bitcoin, is a capped cryptocurrency. This means after 21 million Bitcoins are mined, no more will be mined.
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The exchange is cutting off Chinese users and will lose a third of revenues from next year, co-founder tells FT News
Cryptocurrencies do not exist as a stack of notes or coins. Instead, they live only on the internet. Consider them virtual tokens, the value of which is decided by market forces created by those seeking to purchase or sell them.
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Safemoon protocol aims to create a self-regenerating automatic liquidity providing protocol that would pay out static rewards to holders and penalize sellers.
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Before interacting with any given asset, it may be important to look up the asset’s type and function depending on your goals. Not all digital assets were created for investment purposes.
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Fundamental analysis is another critical component when investing in cryptocurrency, as it can help determine whether a coin is overvalued or undervalued. In the case of Safemoon, the research we conducted for our Safemoon price prediction found that the coin’s market cap was only $799 million at the time of writing, according to data gathered from CoinMarketCap. This is extremely small for a cryptocurrency and means that Safemoon isn’t even in the top 200 largest cryptos in the world.
Buy-back: Another feature that attracts customers the most is its robust price stability, provided by its efficient multiple buyback feature. By taxing 3% on every traction to support the buyback feature, EverGrow sends these tokens to a particular wallet, known as a 'buyback wallet.' These tokens are immediately removed from the circulating supply boosting the price and producing green candles on the price chart.
Even with its usual ups and downs, Bitcoin has mostly been on the rise following a drop under $30,000 in July.
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