You can do a number of things with cryptocurrencies, depending on which one you own. On the most basic level, the definition of a cryptocurrency asset is that it can be used to send value from one person to another or to pay for goods and services.
Here’s why crypto is down today – and the latest cryptocurrency news and prices for Bitcoin, Ethereum, XRP, Dogecoin and more.
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Data Availability: All data are available from figshare: https://figshare.com/articles/Wavelet_coherence_cryptocurrency_online_indicator_data_set/5765352.
From a technical perspective, Bitcoin’s price action appears to be contained within an ascending parallel channel that developed since Oct. 4. Every time BTC has risen to this technical formation’s upper boundary since then, it has been rejected and retraced to the pattern’s lower edge. From this point, it tends to rebound, which is consistent with the characteristics of a parallel channel.
Overall, it appears from these results that cryptocurrencies may experience short term intervals of co-movement, caused by sector wide news or cross market contagion, though correlation is likely to change dependent on the nature of the causal event and market environment. In the medium and longer term Bitcoin and Litecoin are strongly related; it is believed this is due to their similarity.
With Safemoon whales joining the Bitrise coin, it is a sign of confidence in the Bitrise coin.
The game developer’s total valuation is now $1.25 billion, following a successful raise. Colombian exporter developing cryptocurrency to help transport long-horned beetles to Japan
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.
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.
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SafeMoon Protocol is a decentralized finance (DeFi) token. The protocol launched in March 2021 and has already more than 1 million users. SafeMoon stands for "Safely to the Moon", a phrase that was adopted by Redditors about DogeCoin which refers to the price going upwards "as high as the Moon". SafeMoon protocol is a combination of RFI tokenomics and an auto-liquidity generating protocol. According to the SafeMoon website, SafeMoon has three functions that take place during each trade: Reflection, LP Acquisition and Burn. SafeMoon plans to develop a non-fungible token NFT exchange, as well as charity projects and crypto educational apps.
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Yes, there's a second meme cryptocurrency inspired by the meme dog. And a Wednesday flippening shows it's no joke.
Depending on the type of this KeyObject, this property is either 'secret' for secret (symmetric) keys, 'public' for public (asymmetric) keys or 'private' for private (asymmetric) keys.
Still, ETF sponsors remain sceptical that the SEC is poised to act in the near futures.