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Here are some cryptocurrencies that may be unworthy of a slot in your investment portfolio:
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Cryptocurrencies’ finite supply makes them inherently deflationary, more akin to gold and other precious metals — of which there are finite supplies — than fiat currencies that central banks can, in theory, produce unlimited supplies of.
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A resolution published in the Official Gazette said the Central Bank will set rules for such currencies and determine how to license providers of related services within Cuba.
Barring an extended sell-off on the day, Bitcoin should steer clear of sub-$60,000 levels, however. The second major support level sits at $59,582.
SafeMoon is a meme cryptocurrency that entered the crypto scene earlier this year in March 2021 on the Binance Smart Chain blockchain. SafeMoon charges investors a 10% fee on transactions and 5% of that is redistributed to token holders. There are several giants in the cryptocurrency world and SafeMoon was among the giants for a while, however, at the time of writing this publication, the token’s price seems to be stumbling somewhat and soon to be released cryptocurrency HUH Token is enjoying the attention that it's receiving.
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The SafeMoon ecosystem also extends to a soon-to-be-launched exchange that is focused on delivering “tokenomics” to the cryptocurrency industry. Shiba Inu has its own decentralized exchange (DEX) called Shiba Swap.
“We are with venture capital [a stock market] list. The venture capital market is currently in very good shape, so we’ll probably follow that route, but we’re looking at both, “says Brooks.
NuCypher specifically operates as a decentralized key management system that uses blockchain technology.
SafeMoon, a token on Binance Smart Chain widely recognized as a TikTok meme coin, is seeing massive volatility after its huge gains of the past week.
While these things work in favour of cryptocurrency, there are some risks that need attention.
Ethereum, Ripple (XRP), Solana and Cardano are all trading down today (27 October), while meme coin Shiba Inu is bucking the trend in a near-40% price surge on Wednesday morning.
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