Currently, the global crypto market cap stands at $2.94 trillion, an increase of 3.21%. Other cryptocurrencies were also trading in the green.
On the other hand, if the price turns down from the overhead resistance, it will suggest that traders are defending the level aggressively. The bears will then make one more attempt to pull the price down to the 20-day exponential moving average (EMA) ($566).
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The NFTs sold to holders during the three-day presale will account for 30% of all tokens on the December 1 launch. NFT holders will be able to claim 30% of all tokens after the launch and then unlock 2% of tokens every day after. As long as they hold their NFTs, they will be eligible to receive 2% of tokens every day going forward.
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The market for cryptocurrencies has roughly quadrupled from its 2020 year-end value [File: Paul Yeung/Bloomberg]
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In addition, V2 features include âincreased quality, security and accessibility of SafeMoonâ in anticipation of what the project describes as a âwarp-speed future.â
Difficulties impacted all three SafeMoon wallet products - its Android and iOS versions, and the website's buy and swap function.
The flag-wavers point to these and other concerns to warn that SafeMoon may not, in fact, be safe.
Many lesser-used cryptocurrencies can only be exchanged through private, peer-to-peer transfers, meaning theyâre not very liquid and are hard to value relative to other currencies â both crypto- and fiat.
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@thebearablebull itâs time to switch to a digital currency. Fiat is dirty and is cause for the spread of the corona virus. Could this be the catalyst that advances utility of XRP???
From a technical perspective, Bitcoinâs price action appears to be contained within an ascending parallel channel that developed since Oct. 4. Every time BTC has risen to this technical formationâs upper boundary since then, it has been rejected and retraced to the patternâs lower edge. From this point, it tends to rebound, which is consistent with the characteristics of a parallel channel.
One investor who wasnât deterred was Barstool Sports Inc. founder Dave Portnoy. In May, he announced to his 2.6 million followers on Twitter that heâd bought US$40,000 worth, despite saying that SafeMoon could be a Ponzi scheme, a scam in which early investorsâ returns are paid with funds coming from later buyers that collapses when new deposits dry up or too many people try to cash out.
While, theoretically, U.K. users are still able to fully use the platform, responding to the ruling, a number of U.K. banks, including Barclays and HSBC, have since banned their customers from depositing into Binance.