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"My advice to mainstream investors is to wait for the Certik audit (Q4 of 2021) and improvements in the liquidity pool before proceeding."

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Access SafeMoon on-chain analysis and actionable signals as a member of CryptoSlate Edge. @safemoon safemoon.medium.com/ fb.com/safemoonprotocol /r/SafeMoon/ t.me/safemoonv2 Discord .

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Digital token named after Elon Musk’s dog funds ‘full out marketing assault’ with fee on purchases Opinion & Analysis
As a result of the relationship between supply and demand, the price of a cryptocurrency can be manipulated to an extent. A concerted effort to match all the open orders on a particular crypto across several exchanges will create an artificial shortage.

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One key thing to look out for is Safemoon to be added as a tradeable asset by a major broker or crypto exchange. Many of the best trading platforms will allow users to request assets to be added to the platform. If a request gets enough traction, the platform may look into its viability and then decide whether or not to add it.
It’s unclear if the company will reach out to everyone but it’s important to remain vigilant.

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The overall market cap of cryptocurrencies hit $3.3 trillion on Monday, according to CoinGecko pricing.

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    Technically, it broke out of its descending triangle consolidation zone in the first week of November, followed by two important resistances at $62,500 and also at $63,500. This makes it bullish for the short term as well & these resistances will now act as support, above which one may enter long positions in BTC.

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    Other criticism of the founding team has come on the back of several promised developments of a Safemoon ‘ecosystem’ (including a bespoke wallet application) that have thus far fallen short of expectations.

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    "The U.S. has always been a very important market; globally it's one of the biggest markets for any business, including in cryptocurrency," he said. "We want to be fully compliant. Before we didn't feel we had the experience to do that but now we have our partners so we want to take this opportunity to explore the market."

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    The cryptocurrency has continued to rise and fall as other global administrations and regulators mull legislation to curb increased crypto activity often attributed to laundering and crime.

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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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    SafeMoon price is having trouble breaching through crucial barriers as it undergoes correction after a massive upswing. This development is the buy opportunity that the bulls will need before the token decides to double again. Cryptocurrencies Price Prediction: Bitcoin, Ethereum & SafeMoon — Asian Wrap 9 Nov Cryptos | 11/9/2021 3:33:16 AM GMT Bitcoin gives bulls final entry opportunity before BTC explodes to $77,000

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    This suggests that bulls have flipped the $1.24 level into support. This level could now act as a launchpad for the next leg of the up-move. The XRP/USDT pair could rally to the overhead resistance at $1.41 where the bears are expected to mount a stiff resistance.

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SafeMoon was created by Karony and two of his fellow developers from TANO, a Provo, Utah-based video game studio with a bare-bones website. It launched in March with a big social media push, including a giveaway of 100 billion tokens (then trading for less than $0.00000001 each) for “lucky winners” who followed @safemoon, liked and retweeted then tagged three friends.

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Still, an increasing number of big, powerful players are validating crypto’s potential.

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But what is SafeMoon and why has it garnered such an interest? And is it something you should look out for?

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From the perspective of technical analysis, profit-taking near all-time highs and the need for a retest of lower support levels are normal processes for most cryptocurrencies. In fact, a quick glance over discussions by many analysts and traders on Twitter shows that most expected BTC to revisit lower support levels at $64,000 and below before recapturing bullish momentum and moving higher.

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