SafeMoon is available at dirt cheap price and the coin remains to be low-hanging fruit for investors. Even for a mere $10, investors can get more than 2.5 million tokens. Investors need to make use of the dip and add in bags of tokens, for when the coin reaches a milestone, their investment can spike tenfold.
Now the country’s central bank, People’s Bank of China, has effectively banned digital coins after announcing all transactions of cryptocurrencies are illegal.
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The riskiness is taken a step further when it comes to newer coins because they make you more vulnerable to scams when compared to ones that have been around longer such as Bitcoin.
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For instance, whereas a government can easily freeze or even seize a bank account located in its jurisdiction, it’s very difficult for it to do the same with funds held in cryptocurrency — even if the holder is a citizen or legal resident.
SHIBA INU (SHIB) rose above the downtrend line on Nov. 9 but the bulls could not sustain the higher levels. This shows that every rise is being sold by the bears.
SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:
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And, while it has big ambitions, its current market value is someway below the $1 dollar threshold - but has experienced a steady increase in price since its launch.
“If it is a Ponzi, get in on the ground floor,” he said. In about an hour, the price of SafeMoon rose 18 per cent. A Barstool Sports spokesperson was unable to confirm whether Portnoy still owns SafeMoon.
Users are being warned after a security breach at Robinhood has leaked sensitive information.
These are just two of the crypto coins challenging the dominance of Safemoon, and some like Bitrise are putting up a very tough competition to Safemoon based on the products offered, among many other features. From the powerful wallet to the exchanges, among many other products, the coin is one of toughest Safemoon competitors.
SafeMoon doesn't tout itself as a cryptocurrency but instead as a DeFi token, a decentralised finance token. DeFi’s aim is to bring about disruption to the financial world and enable people to lend in peer-to-peer networks without needing a physical bank.
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SafeMoon is available at dirt cheap price and the coin remains to be low-hanging fruit for investors. Even for a mere $10, investors can get more than 2.5 million tokens. Investors need to make use of the dip and add in bags of tokens, for when the coin reaches a milestone, their investment can spike tenfold.
Karikari Daniel is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana. Breaking: Kryptomon’s 24-Hour Egg Sale Sells Out in 1 Second Binance News Teach Crypto, Help Person for a Lifetime, Binance CEO Says PrimeXBT Releases Its iOS App, Users Voice Their Support Recent Posts Odin Emerges as a Multichain Platform, Opens Its Doors to Cardano & Solana Binance.US Will List Axie Infinity (AXS) Soon Shiba Inu (SHIB) Will Make an Explosive Move Right Back, Says Crypto Analyst Zcash Price Prediction – Will ZEC Price Hit $300 in 2021? Qtum Price Prediction – Will QTUM Price Hit $30 Soon? Join over million readers and get the latest posts delivered straight to your inbox. CoinQuora is an independent media organization that exists to inform and educate our readers regarding the latest news and updates in the crypto and blockchain industry.