The value of cryptocurrency is also driven by scarcity. This alludes to the cryptocurrency’s finite mechanism. The Bitcoin protocol sets the maximum amount of BTC that can be mined at 21 million. Therefore, as more people enter the crypto space, Bitcoin’s scarcity will inevitably increase, causing its price to increase. Some coins also use the burning mechanism to increase their value by destroying a portion of the supply.
SafeMoon (SAFEMOON) is telling quite a bullish story on Monday as bears try to break a key ascending trend line. but bulls are successfully matching their selling, and defending a bullish triangle pattern. Thus far, bulls are defending well, and it looks like SafeMoon price is ready for a pop back up to the upper border of the triangle at $0.00000233, which would result in a second test after the one on October 15. SafeMoon price could see $0.00000400 after bulls break out of the bullish triangle
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In what traders call a “scam wick,” the one-minute BTC/USD differed dramatically from other major exchanges, which logged a one-minute candle with a floor of around $64,200.
There is a lot of volatility in the cryptocurrency space due to the industry’s newness. Investors are seeking to experiment with their money to generate riches quickly and figure out how cryptocurrency prices vary and whether they can affect them.
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CHARLOTTE, N.C. (AP) — Landon Cassill will be the first NASCAR driver paid entirely in cryptocurrency in a sponsorship deal with Voyager that begins at Nashville Superspeedway this weekend.
NEW YORK, NY / ACCESSWIRE / June 14, 2021 / Members of the BSC community recently launched Safemoon Cash, which is a rug proof project operated on The Binance Smart Chain. The ownership of the project is fully renounced and it is currently a ...
Altcoins like XYO, CRO and WNXM are capitalizing on BTC and ETH’s consolidation by moving higher. Solana DEX positioned as third-generation exchange aimed to solve issues around old blockchain infrastructure
Verdict: When it comes to the number of cryptocurrencies available for trading, Binance.US is relatively in line with other U.S. based crypto exchanges such as Coinbase, Kraken, and Gemini. However, it certainly cannot compete with its parent company, Binance.
5.0 out of 5 stars If you want the inside story on the NSA and GCHQ you must read this book! A fascinating and incredibly detailed examination of the development of public key encryption by private individuals and their continuing battles with the US Government and the bureaucratic empire that the NSA had become. This account places Edward Snowden as only the latest of many people who have suffered for revealing the lack of clothes these emperors wear. Not difficult to read, written by a journalist rather than a computer geek, this is a splendid account of a struggle that is not over yet.
SafeMoon has established a fast, reliable network and works with the user experience of the product. The SafeMoon Protocol is a community-driven and fairly launched DeFi Token. Three functions occur during each trade: Reflection, LP Acquisition, and Burn. These features can help the SafeMoon coin gain a much higher price of $0.000015. If the drive for functional crypto continues into 2023, the price may even see a paradigm rush.
Ethereum price action saw bulls flocking it at $3.250, around the 55-day Simple Moving Average (SMA) and the monthly pivot, as favorable tailwinds hovered in cryptocurrencies. For the second week in a row, ETH price action broke above a few significant resistance levels and is building momentum for another leg higher with a possible new all-time high in Ethereum price action.
Cryptocurrency’s technical foundations date back to the early 1980s when an American cryptographer named David Chaum invented a “blinding” algorithm that remains central to modern web-based encryption.
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Crypto prices have been on a tear for the past several months, but the past week has been the clearest sign of a correction to climbing prices, though many see news of President Biden’s adjustment to the hikes on the capital gains tax as the most apparent reason for the market’s slide as investors cash out hoping their gains won’t be reached by a retroactive application of the rules.