InYourAreaMemoryLaneDiscount CodesMarketplaceContact UsAbout UsWork for usAdvertise with UsBingoBuy a photoHow to ComplainCorrections and ClarificationsFeedbackTerms & ConditionsPrivacy NoticeCookie NoticeSell Your StoryBands DirectoryNewsletters SignupSyndication & LicensingNotifications and Alerts help© 2021 a Reach plc subsidiary Safemoon Price Prediction – Safemoon Forecast 2021, 2022, 2025 & 2030 27, September 2021 | Fact Checked by Gary McFarlane | Last Updated: 27, September 2021
The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin. (Pic: Shutterstock)
.
It’s always hard to know exactly what is driving crypto prices given the opacity of the market and a certain rather large player whose name rhymes with weather, but we think it’s probably partly related to the same market madness that drove GameStop to da moon, as well as to a desire for an alternative to central bank-issued money due to worries about the government overreach (by means of Covid restrictions), and also endorsements from chief executives at the likes of PayPal, Tesla and Twitter/Square.
Generac Black Friday Deals (2021): Best Early Portable Generator & Pressure Washer Savings Reviewed by Consumer Walk
Is the Subject Area "Online encyclopedias" applicable to this article? Yes No
SafeMoon is one among the handful of cryptocurrencies that made it to the top 100 crypto-list on its own. SafeMoon did not have the backing of top trading platforms and managed to gain investors’ attention by its projects alone.
People can also borrow crypto assets on various platforms and earn interest for loaning out assets. This niche of the cryptocurrency space is what is known as decentralized finance, or DeFi. Based on the DLT, various platforms facilitate the lending and borrowing of crypto without requiring the user to submit to the control of a centralized entity. DeFi also includes other aspects as well such as decentralized exchanges, or DEXs.
Note that backing up a wallet doesn’t duplicate the actual cryptocurrency units, merely the record of their existence and current ownership.
The longer term relationship varies over time. After exhibiting strong positive correlation in 2013 (where prices rose), and 2014 (where prices fell for a sustained interval), the longer term relationship between Bitcoin and Litecoin starts to break down around the middle of 2015. It can be seen in the accompanying price plot that at this point the Bitcoin price starts to gradually recover, whereas the Litecoin price does not.
US cryptocurrency exchange Coinbase Global Inc on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by lower volatility and declining prices of Bitcoin and other cryptocurrencies.
Despite the new record high, Bitcoin is still a highly volatile and speculative investment. In fact, the last time the crypto saw a record high in mid-April, it abruptly lost over half of its value and plunged to around $30,000 by mid-July.
According to Cointelegraph business editor Sam Bourgi, Bitcoin is viewed by many as the best “hard money” alternative to sovereign currencies and:
The majority of cryptocurrencies function without the backing of a central bank or government. Instead of relying on government guarantees, decentralized technology called blockchain underpins the operation of cryptocurrencies.
Early adopters enjoy another five-figure payday as the Ethereum Name Service protocol airdrops its new governance token to domain holders.
With Cryptocurrency gaining popularity, TOI brings to you all latest updates to keep readers connected with daily variation in prices. Most cryptocurrencies are decentralised networks based on blockchain technology. Readers can keep a tab on price movements and take informed decisions about their investments.
Brits are being warned they risk losing all of their money if they invest in bitcoin and other cryptocurrencies.
Fun StuffRussell Alexander was wrongly advised he could keep the money and even bought a house.