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Safemoon protocol aims to create a self-regenerating automatic liquidity providing protocol that would pay out static rewards to holders and penalize sellers.
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New York, New York--(Newsfile Corp. - November 8, 2021) - Shiba Inu and Safemoon's competitor Bitrise coin breaks the $200m market cap. Finally, Bitrise coin has broken the $200m market cap mark as predicted by crypto experts. The coin, an aggressive Safemoon and Shiba Inu Crypto competitor, is breaking all previous crypto records on its way to become the fastest-growing crypto.
Before this latest surge for the top two cryptos, recent sudden drops followed a ban on cryptocurrency transactions and mining from China’s central bank, which declared all cryptocurrencies illegal in the country. After previously topping $52,000 in early September, Bitcoin’s price had dropped and struggled to get back over $50,000 until this month.
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There are also petitions through Change.org to have DogeZilla listed on major exchanges including Robinhood, Crypto.com, and WeBull.
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Although this may seem like a negative, it actually means that if the Safemoon cryptocurrency were to showcase extreme growth, then any investments right now would be in at the ground level. Right now, the attention surrounding Safemoon is mainly negative, as many cryptocurrency market commentators are claiming that the token has no actual use except to make the development team and certain investors rich.
Play iconA circle surrounding a triangle pointing right. It indicates, "this type of media can be played."Brighter Future with Prudent Investments
Setup price alerts, down to the cent and never miss your targets. Quickly and easily track prices of bitcoin and other cryptocurrencies and get notifications as the price hits above or below the threshold you set. Set alerts for any of the 2000+ cryptocurrencies available on CoinMarketCap.
Investing in cryptocurrency can be as easy as a few taps on your phone, and with crypto all over the news and coming up in conversations with friends, it’s tempting to dive right in. However, depending on your financial situation and appetite for investing risk, crypto might not be an appropriate investment for you right now — or ever.
Play iconA circle surrounding a triangle pointing right. It indicates, "this type of media can be played."Brighter Future with Prudent Investments
The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin. (Pic: Shutterstock)
Founder and CEO of Binance, Changpeng Zhao, tweeted that "Brian's work for Binance.US has been invaluable and we hope he will continue to be an integral part of the crypto industry’s growth, advocating for regulations that move our industry forward."
Safemoon protocol aims to create a self-regenerating automatic liquidity providing protocol that would pay out static rewards to holders and penalize sellers.
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Before joining the OCC, Brooks worked as the chief legal officer for Coinbase, a major competitor to Binance.US.