Headed by Canadian Changpeng Zhao, Binance offers a wide range of services globally, from crypto spot and derivatives trading to tokenised versions of stocks, as well as its own cryptocurrency, Binance Coin.
LUNA currently trades at $40 - the .236 fibonacci level of its August to October rally and looks primed for a move upwards to a new ATH - likely $52 - as BTC consolidates. However, it will need to break through a confluence of several moving averages around the $41-42 mark to progress ahead.
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The variation of available services, even from state to state, increases friction on the platform and rules out a large swathe of potential users. While this may improve with the expansion of Binance.US, currently, Binance is by far the better platform when it comes to choice.
We do not know which characteristics affect cryptocurrency prices, if any. The column argues that there are two fundamental factors that drive prices in the long run: the trustworthiness of the cryptocurrency’s blockchain and the adoption of the blockchain. Cryptocurrencies such as Bitcoin, Ethereum, and Monero are affected by these fundamentals. In some periods prices deviate, but eventually retrace the trend.
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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.
The world's leading cryptocurrency exchange! 250+ coins, Margin trading, Derivatives, Crypto loans and more. COINCOSTCryptocurrenciesSafeMoon SAFEMOON price SafeMoon SAFEMOON price 24 hours change Market Cap 24 hours volume
(Bloomberg) -- Crypto exchange Binance.US, whose chief executive officer recently resigned, just appointed a new president.
The growth of SafeMoon, coupled with its online slogan, has drawn comparisons to the surge in popularity of another cryptocurrency Dogecoin.
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Cryptocurrency is an asset that can be exchange for goods and services, much like normal money.
It is unclear why this is happening, but the company says it is using "innovative" anti-dumping technology that limits people from selling their coins if there are not enough coins being bought in the market.
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The tokens feature the same Shiba Inu dog as Dogecoin, which has risen massively in popularity recently.