Zimbabwe is looking at adopting cryptocurrency as legal payment, top government official says
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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.
Shiller, R. (1981), “Do stock prices move too much to be justified by subsequent changes in dividends?”, American Economic Review 71 (3), 421–36.
Safemoon is a member of the group of tokens known as memecoins. Memecoins are crypto tokens or coins based on internet memes. Specifically, Safemoon derives its name from a popular slang term in crypto discussion forums—’going to the moon’. This expression refers to the price of a crypto asset rising very high over a very short period.
Monthly PLAN
International Chess Federation becomes the first-ever global sports body to launch its NFT marketplace
Fig 3 shows an example wavelet coherence scalogram (the wavelet coherence scalogram for Bitcoin and Litecoin which will be analysed later). All following scalograms use the cross wavelet and wavelet coherence software provided by A. Grinsted [21].
Fig 4. Wavelet coherence scalograms between online factors and price (with GSADF test bubble overlay) for Ethereum and Monero.
In conclusion, our Safemoon forecast has covered what this token is and how it functions. As you can imagine, Safemoon’s small size combined with the media attention it has received has meant that many retail investors believe it could reach dizzying heights. Although this could be true, the fact that Safemoon doesn’t have any real-world uses as of yet could be an issue; however, if this changes, we could see some significant moves in the months and years ahead.
Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose the money.
ShirleyEmma Tustin and the boy's father Thomas Hughes stand accused of murdering the six-year-old boy at her Shirley home
Typically, meme coins don’t gain on fundamentals. Instead, they are usually driven by an internet-based joke.
Generac Black Friday Deals (2021): Best Early Portable Generator & Pressure Washer Savings Reviewed by Consumer Walk
Cryptocurrencies are inherently cryptic — it’s right there in the name. And if you follow Warren Buffett’s advice to never invest in businesses you can’t understand, it may be hard to justify investing in a currency made of math instead of gold.
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