According to Karony, SafeMoon could soon be listed on top cryptocurrency exchanges, increasing the accessibility of the token.
However, critics have noted that Ripple’s network and code are more susceptible to manipulation by sophisticated hackers and may not offer the same anonymity protections as Bitcoin-derived cryptocurrencies.
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"With more participants in Bitcoin, there is perhaps less volatility, which is in turn attracting more institutional investors and further promoting the stability of the popular cryptocurrency.”
According to our best knowledge, the news that 4JNET’s limited-edition NFT would be issued and the project would kick off soon has made a huge stir in the market. KOLs in the token industry pointed out that by means of its unique mechanism, 4JNET will soon occupy a market share and outperform Safemoon. A new star is rising.
That lack of widespread adoption, plus crypto’s volatility, limits its use as a currency, says Roger Aliaga-Díaz, principal and senior economist with Vanguard Investment Strategy Group.
“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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III. 4JNET’s four guaranteesMSB license: 4JNET has secured the U.S. MSB license for encrypted tokens and is allowed to lawfully engage in initial coin offerings (ICOs), initial exchange offerings (IEOs) and encrypted token transactions.Transparency: All business logics of 4JNET are achieved through smart contracts. All of the contract’s addresses and codes are open sourced.Contract audit: 4JNET’s smart contract has been audited by the blockchain security company CertiK, and its security and fairness are further guaranteed.Fairness: 4JNET’s unique mechanism effectively curbs the token oligarchs and centralized holding of tokens.IV. Conclusions
A number of figures have significantly impacted the cryptocurrency industry throughout its time. Satoshi Nakamoto kickstarted the sector with the creation of Bitcoin (BTC). Known for building Ethereum (ETH), Vitalik Buterin has also notably impacted the cryptocurrency movement. With Ethereum came a whole world of extra tokens built on its network called ERC-20 tokens.
Other criticism of the founding team has come on the back of several promised developments of a Safemoon ‘ecosystem’ (including a bespoke wallet application) that have thus far fallen short of expectations.
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.
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As we don’t know exactly how to classify them, it’s difficult to attribute a direct causality to a specific factor and a crypto’s rise or dive in value.