Yet some crypto watchers have raised red flags over SafeMoon’s unusual structure. It charges a 10 per cent fee to buy tokens and another 10 per cent to sell — almost unheard of in the digital currency world. Half of these fees are paid to owners as an incentive to keep holding and the other half goes into a liquidity pool controlled by the developers. SafeMoon calls itself a DeFi token, or one that uses decentralized finance to govern functions through software, but it has a chief executive officer and chief operating officer. Critics also worry about the discretionary nature of the “manual” coin burns used to adjust its circulation. After 19,000% early gain, crypto SafeMoon’s rules to tamp down selling raise red flags Back to video
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Fundamental analysis is another critical component when investing in cryptocurrency, as it can help determine whether a coin is overvalued or undervalued. In the case of Safemoon, the research we conducted for our Safemoon price prediction found that the coin’s market cap was only $799 million at the time of writing, according to data gathered from CoinMarketCap. This is extremely small for a cryptocurrency and means that Safemoon isn’t even in the top 200 largest cryptos in the world.
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If you are worried about possible scams – funny enough DogeZilla claims it aims to make the crypto space safer for users.
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Still, an increasing number of big, powerful players are validating crypto’s potential.
SafeMoon technically isn't a cryptocurrency but a DeFi token, according to its website.
The overall market cap of cryptocurrencies hit $3.3 trillion on Monday, according to CoinGecko pricing.
Typically, meme coins don’t gain on fundamentals. Instead, they are usually driven by an internet-based joke.
?? Estonia?? France?? Germany?? Gibraltar?? Iceland?? Malta?? Netherlands?? Russia?? Spain?? Switzerland?? U.K. Here is how you can track DeFi protocols and NFT launches on Solana Shaurya Malwa · 22 hours ago · 2 min read Dogecoin (DOGE) community prepares for mainstream adoption, as devs taunt new version Ana Grabundzija · 3 days ago · 2 min read What next for Shiba Inu (SHIB) following its 50% crash? Samuel Wan · 5 days ago · 2 min read Why some strategists say Solana could reach $5,000 in 2030 Oluwapelumi Adejumo · 5 days ago · 2 min read Cardano founder sets the record straight over talk of an ADA burn Samuel Wan · 1 week ago · 2 min read
Although exact active currency numbers fluctuate and individual currencies’ values are highly volatile, the overall market value of all active cryptocurrencies is generally trending upward. At any given time, hundreds of cryptocurrencies trade actively.
Report fraud, waste, or abuse of state resources to the State Auditor's Office or call (800) 892-8348.
Dogecoin (DOGE) turned down from $0.29 on Nov. 8, indicating selling on rallies. The price has dipped back to the 20-day EMA ($0.26), which is an important support to keep an eye on.
Although mining periodically produces new cryptocurrency units, most cryptocurrencies are designed to have a finite supply — a key guarantor of value.
The data affected by the leak includes email addresses for about 5 million users. The full names of 2 million users were also leaked.