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Funding: This work was supported by the Engineering and Physical Sciences Research Council (EPSRC). The funding was received by Ross Phillips (RP) via the DTC in Financial Computing & Analytics; reference number: EP/L015129/1; http://gow.epsrc.ac.uk/NGBOViewGrant.aspx?GrantRef=EP/L015129/1. The funders had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript.
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BUDAPEST, Hungary (AP) — An imposing bronze statue was unveiled in Hungary’s capital on Thursday which its creators say is the first in the world to pay homage to the anonymous creator of the Bitcoin digital currency.
After the stealth launch, early participants pumped and dumped the market capitalization from 1.2M to 200K. Safemoon Cash however quickly started growing organically with loyal investors, who all have been sharing the same goal of reaching 25% of Safemoon’s market cap.
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All this points to a very thin market that naturally moves very quickly and thus increases the volatility of cryptocurrency prices.
However, as the BBC reported, it was criticised for not allowing people to resell their tokens.
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Nevertheless, traders emphasized the massive volatility of SafeMoon despite its relatively high liquidity compared with other tokens that are not listed on major exchanges.
A16z Crypto has been minting plenty of NFT unicorns this year. In July, they backed NFT marketplace OpenSea at a $1.5 billion valuation. They participated in a September raise for NBA Top Shot-maker Dapper Labs, which valued the company at a whopping $7.6 billion. Just last month, they backed the team behind play-to-earn crypto game Axie Infinity with a $3 billion valuation.
However, in the wake of the technical issues, the DeFi protocol has met its share of criticisms and FUD. Some Twitter users have even accused SafeMoon of scamming its users.
The project however faced regulatory resistance over concerns about security and reliability.
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Wavelet coherence plots as above highlight areas in the time-frequency space where the two series co-move. The warmer the colour, the higher the coherence (which can be interpreted as correlation) at that location in the time-frequency space; the colours used in this work range from dark blue (0, no coherence) to yellow (1, strong coherence). Statistically significant areas of coherence are surrounded by a thick black line.
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If you're a fan wanting to express your devotion to the hit Korean Netflix show Squid Game - well, there's a cryptocurrency for that.