Bitcoin was trading 1.5% lower Thursday morning. The price was around $59,000 per coin.
Safemoon has a few unique features that have attracted both praise and criticism. For example, the Safemoon smart contract charges a 10% exit fee for holders who choose to sell. Half of this fee is ‘burned’, while the other is redistributed to remaining token holders, theoretically increasing the value of their holdings over time.
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SAN SALVADOR, El Salvador (AP) — El Salvador’s Legislative Assembly has approved legislation making the cryptocurrency Bitcoin legal tender in the country, the first nation to do so, just days after President Nayib Bukele made the proposal at a Bitcoin conference.
Redditors recommend buying SafeMoon on every dip. SafeMoon will continue to be appreciated by the buyers and sellers for trading on exchanges of the crypto market, with a solid increase in price showing a potential of $0.009 over this year. Reddit Community
The recent trading frenzy over a digital token called Shiba Inu — commonly billed as a “meme” or joke coin — has vaulted the canine-themed cryptocurrency into the top ten most valuable digital assets by market value, hitting $40 billion and surpassing its cousin and apparent inspiration, Dogecoin.
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.
Changpeng Zhao increased crypto-asset availability as one of the founders of Binance, which has grown into one of the largest crypto exchanges. Sam Bankman-Fried, co-creator of the FTX digital asset trading platform, serves as another important individual in the industry that impacts trading, decentralized finance (DeFi) and other aspects of the crypto space.
In the Netflix hit series “Squid Game,” characters gambled with their lives. The price of playing the game in the real world may not be as steep as a life, but for many people who piled their money into Squid, a once red-hot cryptocurrency named after the show, the financial loss has still been significant.
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Apparently, it's the next big thing. What is the metaverse?Squid Game: How one Netflix show gripped the worldChinese viewers slam 'copycat' Squid Game show
Polkadot and Ripple’s XRP led the way down, with losses of 3.14% and 3.50% respectively.
When you talk about cryptocurrencies, there's still a lot of ambiguity as far as rules and regulations around the same are concerned. If your cryptocurrencies are held for more than 36 months, your gain will be categorised as long-term capital gains. But your gains from a shorter period of time will be categorised as short-term capital gains. These gains are taxable at different rates. The long-term gains are subject to tax at a rate of 20 percent. The others, however, including the ones where gains are received during a shorter period of time, are subject to tax at the applicable personal taxation rates.
The difference is that stellar wants to target the unbanked, whereas Ripple works mostly with global banks to transfer money among clients at very low cost. Ripple holds all the cards in this corner of the crypto market.
Polkadot (DOT) has surged by over 13% and set a new all time high of $53.25 last night. The asset how has a market capitalization of $50bn and is ranked at the 8th spot. Over the past 2 days, the asset has seen good inflows and volumes have almost doubled. Open interest on DOT futures market is up by 18.51% and on the perpetuals market up by 14.70%. DOT now faces a stiff psychological resistance at $60, and if it crosses this mark, another rally can be DOT was trading in a ‘Rising Channel’ pattern and rallied almost by 80% in the last month. Post facing stiff resistance around $45, the asset started consolidating between $45 to $40. However, DOT finally gave a breakout above the channel and made the new all-time high of $53.35. The prices are trading well above the 20-day moving averages and relative strength index (RSI) is at 70, which indicates strength in the trend. If DOT sustains above $50, then we can expect the asset to rally up to the next resistance which is at $60.
Our Safemoon prediction for 2025 states that the coin could be valued at around $0.000025 if the developers can improve its current usability.
No matter where you buy it, cryptocurrency is a highly volatile, speculative investment. Only invest in crypto what you’re prepared to lose, and make sure you have other financial priorities in place first: save money in an emergency fund, contribute to retirement savings, and pay off any high-interest debt balances.