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At 6am on Tuesday 9 November, Ethereum reached $4,842.54 according to Coinbase, setting a new record for the popular cryptocurrency synonymous with the rising crypto trend of NFTs.

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At Cointelegraph, we are chronicling the ongoing story of cryptocurrency and the rise of a borderless, permissionless financial system. How will industry stakeholders work to make crypto a mainstay in people’s lives? How will crypto investments change the paradigm of the current financial system? And will incumbent and legacy systems accept or fight this change?
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And that, we regret to inform you, has led to some rather silly thinking (highly unusual in the crypto community, we know), specifically of the chart-crime variety:

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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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    According to the BLS, rising energy costs fueled a rise in CPI, but for at least six months, analysts have tracked the rising costs of food and other goods. The current CPI is the highest it has been since October 1990. Core inflation, a figure that ignores the impact of the rising cost of goods, showed a 4.6% increase, a level not seen since 1991.

  • Bitcoin Yearly Price History

    Amid rising inflation, the Federal Reserve and the Biden administration continue to message that the situation is “under control,” but equities markets reacted negatively to the news.

    The decision to buy cryptocurrency should always have a long-term outlook, as crypto prices can be particularly volatile. Safemoon is no different, as in its short lifespan, the price has already exhibited some significant price swings. To get a better sense of Safemoon’s outlook, let’s take a look at the technical and fundamental factors that could shape price in the future.
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  • Bitcoin Drop Prediction

    SafeMoon captured attention from the get-go. Its name evokes a prudent form of the “to the moon” mantra embraced by crypto crowds looking for prices to burst straight up.

    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.
    Cryptocurrency market is down 2.24% on the last 24 hours (2.15pm, Thursday 11 November).

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    However, cryptocurrency is unique as it is typically decentralised so there is no control from government interference. Cryptocurrency uses something called a blockchain.

    If you’re a Robinhood user, you should definitely be changing your password and make sure it’s a unique one.
    “We’re working around the clock to fix the issues and to ensure we give you the quality experience you deserve,” the tweet assured users. “So we can manage demand, will be [sic] releasing each product in a staggered approach (one-by-one) – starting with the website buy & swap function – today.”

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The strengthening of coherence in bubble regimes is much less prominent in the short and long term. In the short term, the effect of bubbles may be hidden by the effects of daily news items and intraday trading activity. It is also seen that in the short term the relationship between online factors and cryptocurrency prices are erratic and generally weak; there is little consistency as to whether the price or factors are leading, though slightly more negative relationships exist in this period band. The erratic relationships over the short term suggest online factors may not be best predictor in the shorter term.

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