People considering investing in Bitcoin or shares and stocks have also been warned over "risky" tips being shared on TikTok.
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Not a huge amount is known about SafeMoon meaning the risk to your investment may be even higher.
The Fibonacci retracement indicator, measured from the Oct. 17 swing low at $3,640 to the Oct. 21 swing high at $4,375, suggests that Ethereum is sitting on stable support. The combination of the 50% Fibonacci retracement level with the 50 four-hour moving average at $3,922 is the most significant interest area underneath ETH.
Cryptocurrencies, or virtual currencies, are digital means of exchange created and used by private individuals or groups.
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Analyst Ken Goldman cites concerns over the imitation-meat company's wider-than-expected third-quarter losses.
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Interpretation of visual scalograms is subjective so it is desirable to find a more quantifiable way to validate the strengthening of coherence in bubble regimes. Fig 6 shows the wavelet coherence over time for the different period bands, in the case of the “new authors” factor for Ethereum. Coherence values, plotted on the vertical axis, vary between zero and one. Time is plotted on the horizontal axis. The areas of the price time series that are recorded as bubble-like regimes using the GSADF test are shaded red.
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Typically, meme coins don’t gain on fundamentals. Instead, they are usually driven by an internet-based joke.
Rising inflationary pressures are dragging stocks and bonds, which may prompt the Fed to hike interest rates earlier than expected, an expert said.
A feature of the Ethereum network is that it enables its users to create decentralised apps, known as ’dapps’, and smart contracts.
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