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The worldwide crypto market capitalization is currently $2.90 trillion, decreasing 1.25% over the last day. (Shutterstock)

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It’s impossible to determine at this point whether SafeMoon is a riskier investment than any of the other 4,000 or so active cryptocurrencies. Crypto skeptics like Megan Horneman, direct of portfolio strategy at Verdence Capital Advisors, warns investors to steer away from all digital coins, since they have no underlying assets and are threatened by regulatory oversight.
Both moving averages are sloping up and the relative strength index (RSI) is near the overbought territory, indicating that bulls are in control.

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You can't ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls
Today, it’s impractical for hobbyists without thousands of dollars to invest in professional-grade mining equipment. If your aim is simply to supplement your regular income, plenty of freelance gigs offer better returns.

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“Altcoin” refers to any blockchain-based cryptocurrency that isn’t Bitcoin. The term “altcoin” was coined as a shorthand for “alternative to Bitcoin,” and the vast majority of altcoins were created to improve Bitcoin somehow. Namecoin, Peercoin, Litecoin (LTC), Ethereum and USD Coin (USDC) are examples of altcoins.

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    Experts warn that these can sometimes be a sign of a scam and make it a very high risk investment.

    China makes all crypto currency transactions illegal after ordering shut down of Bitcoin mining in Sichuan province
    Investing is always a risk but investing in cryptocurrency is an even higher risk as they are VERY volatile.

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    Very generously our tweeter credits another crypto fanatic for the remarkable analysis, who had drawn up his own chart just days earlier:

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    “What differentiates SafeMoon is that they’re putting this out there in the open for everyone to see, and are not trying to hide the fact that’s how the system works,” he said.

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    What you can note? DateCoin/Token NameEntry PriceAmount ($)Target PriceStopLoss LimitResult (Profit or Loss)There is a section at the bottom of each page for you to take notes.The pages are decorated with bear and bull figures and pictures of coins.Document your profit/loss.

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    Newly elected mayor Eric Adams says he'd like his first three paycheques in the cryptocurrency.

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    Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.

    The Trust Project is an international consortium of news organizations building standards of transparency.
    CRYPTOCURRENCIES are a form of payment that can be exchanged for goods and services.

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Dogecoin price slump continues after Doge co-founder slams cryptocurrencies as 'scam' and China clamps down on crypto mining

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Disclaimer: The Cryptocurrency market is considered highly speculative, risky, and largely unregulated. Anyone mulling investing in it should be aware there's a risk of losing their entire investment. Sign up to our newsletter for exclusive updates and enhanced content Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news Carole Samaha Sends a Message After Meeting Marwan Khoury and His Fiancée... And the Latter Responds Social media links FB Linkedin Twitter

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