Competing and bracing in the tough markets, SafeMoon is a cryptocurrency that refuses to bow down to central government pressures or be chained in defective and regulatory monetary shackles. SafeMoon has made it possible for everyone to store and transfer value in a currency that is resistant to manipulation.
Since the coin was launched less than four years ago, it has gained massively in terms of value. At the time of writing, the coin has increased its value in thousands of folds. The trend that Bitrise coin has followed has been almost the same as Safemoon, Shiba Inu, and other coins that have performed very well in the market.
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But first, a word of warning: buying cryptocurrencies and decentralised finance tokens as well as stocks and shares is a risky business.
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Tokens are built on an existing blockchain but are considered to be programmable assets that enable the formulation and execution of unique smart contracts. Outside of the blockchain network, these contracts can be used to establish ownership of assets. Tokens can be used to represent units of value such as money, coins, digital assets and electricity, and can also be sent and received.
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Cryptocurrency exchanges play a valuable role in creating liquid markets for popular cryptocurrencies and setting their value relative to traditional currencies. You can even trade cryptocurrency derivatives on certain crypto exchanges or track broad-based cryptocurrency portfolios in crypto indexes.
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The value of Safemoon is currently sitting at $0.000003803 - up almost 23% over the past 24 hours, according to CoinMarketCap.
SafeMoon rallied strongly within a period of a few weeks, surging from near zero to $5 billion in valuation at its peak.
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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.
The Safemoon price today is hovering around the $0.0000014 level, so you can immediately see how cheap this coin is relative to others. Price is slowly turning bearish, with the last real spike occurring in late August. As such, it’s hard to make any accurate predictions about the token’s future price in this Safemoon forecast that are rooted in technical analysis.
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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.
While exact predictions are impossible, we asked five experts about what they’re paying attention to in the crypto space for the rest of 2021: