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The value of Safemoon is currently sitting at $0.000003803 - up almost 23% over the past 24 hours, according to CoinMarketCap.
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But this time feels different. It feels like a bubble. The fever in the post-Thanksgiving moonshot ran hotter than we’d seen before. We also began to see a robust supply response.
SafeMoon Made it to the ‘Top 100 Crypto List’ without Major Listings in Top Trading Platforms
One key point to note about Safemoon crypto is that the developers haven’t really described any real-world use cases yet. The Safemoon protocol was hyped hugely by celebrities back in May, causing retail investors to jump on the bandwagon and push price higher. Following this, the price fell dramatically, leading many to claim that Safemoon was a ‘pump and dump’ scheme designed to make certain investors rich.
After a year of gains and record highs, crypto currencies are enduring a turbulent time with unpredictable price changes.
Play-to-earn: Another popular feature that will make the EverGrow platform more adoptable will be its play-to-earn games. As we speak, the crypto gaming industry already has a market revenue of more than US$321 million, with around 41.9 million gamers owning crypto. The EverGrow Ecosystem will build numerous products using its unique NFT platform to boost EGC Tokens and its trading volume.
It can in addition be observed from Fig 7 that as the period band considered increases, the overall (bubble and non-bubble) coherence values generally get stronger, suggesting online factors have a medium to long term link with price.
In the series of crypto revolutions, EverGrow COIN aims to become the next big New Cryptocurrency in 2021 by being the first Yield Generation token that rewards its users in USDT. This next-generation hyper-deflationary new crypto uses a unique buyback mechanism that provides users with consistent returns and benefits from the contract's buyback process.
Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price.
“Where digital assets land, at the end of the day … will be driven in part by regulation, both domestic and international,” Former SEC Chairman Jay Clayton recently told CNBC.
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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.
Both moving averages are sloping up and the relative strength index (RSI) is near the overbought territory, indicating that bulls are in control.
In other words, if you're waiting for Safemoon to hit $1, you'll likely be waiting for a long time.