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SafeMoon only just launched in March and according to its website, already has over 2 million holders. The cryptocurrency is unique in that it’s designed to reward long-term ownership, deterring sellers with a 10% fee.
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Although “smart contracts” represent an important move toward addressing the lack of chargebacks and refunds in cryptocurrencies, it remains to be seen whether they’re enough to solve the problem completely. Still, they’re at least partly responsible for Ethereum’s success.
Support from the broader market would be needed for Bitcoin to break back through to $62,000 levels.
More popular cryptocurrencies, such as Bitcoin and Ripple, trade on special secondary exchanges similar to forex exchanges for fiat currencies. (The now-defunct Mt. Gox is one example of an exchange.)
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Central exchanges also provide a single point of failure. They manage and store large sums of crypto, which means if they get hacked, it can have a significant effect on the price of cryptocurrencies.
Benefits of having a well-regulated local crypto industry could also extend beyond the financial sector.
As long as prices avoid closing below this barrier, odds favor a resumption of the uptrend toward a new all-time high at $4,574.
Investors that may have once dismissed it, ought now to consider taking part in it
It’s clear now that this bull run isn’t over. Not by a long shot. In our most recent Weiss Crypto Portfolio issue, we said that Bitcoin (BTC, Tech/Adoption Grade “A-”) has entered into a... When it's sunny, you can actually see the ants frantically collecting and storing food, because they know that...
You can also buy crypto directly in the wallet app using fiat currency. Just follow these simple steps for how to buy Safemoon: Create Wallet – this step is simple in both MetaMask and TrustWallet. Make sure you get a wallet address for the Binance Smart Chain. This address is very important.Add funds to your wallet – you can do this in one of two ways. Either buy Binance tokens (BNB) in-wallet, then swap them for Safemoon on a DEX such as PancakeSwap or buy Safemoon directly on a centralized exchange, then transfer it to your wallet.
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We explain what you need to know about SafeMoon and how its price is predicted to change in 2021.
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