It was a wild ride for SafeMoon, with its prices exploding in the first few weeks before crashing down.
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Safemoon crypto recently began to spike in price after the developers announced a new cryptocurrency wallet. The Safemoon digital currency wallet is coming soon and the project has been heavily advertising it. With this extra string in its bow, many are rushing to invest in the native Safemoon altcoin.
Cryptocurrencies, or virtual currencies, are digital means of exchange created and used by private individuals or groups.
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A look at funding rates across exchanges hints at excessive optimism, with traders going long on BTC en masse — a classic indicator of a correction.
Brooks said he was “very confident” that his tenure would last long at Bitfury and expects the Financial Times to “better gel” with Vavilov than his former employer. Said.
There can be plenty of new cryptocurrency that can pop up and become popular all of a sudden which can confuse investors and those interested in cryptocurrency. One of the newest cryptocurrency that has come to the scene is SafeMoon which has seen a massive increase in interest lately.
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Tokens, on the other hand, are not representative of any physical thing. They can be used to purchase from the dApps and can be used to get discounted fees and voting fees making them increasingly popular. This is similar to the decoupling of fiat currencies from the gold standard.
An early-morning error led to the value of Bitcoin dropping nearly 87 percent on Binance's crypto exchange.
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The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin. (Pic: Shutterstock)
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