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Everything You Need To learn About Safemoon, The New sensation in Crypto World

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SafeMoon is a newly added cryptocurrency that has seen a rise in its rates since its launch in March 2021.

Cryptocurrency trading is not an unusual practice any longer, particularly Nowadays when digital collectors and investors are extensively involved over these digital currencies. We already know that the crypto market is exceptionally uncertain. The most recent fluctuations in costs and abrupt decline are proof of this assertion. There are already a few cryptocurrencies accessible in the blockchain platform. The new eye grabbers have been Ethereum, bitcoin, StopElon, and  Dogecoin. The crypto world has numerous different currencies. SafeMoon is a new crypto that is quickly getting noticed around the world. You can see SafeMoon everywhere on the web now.

Table of content

  • What is SafeMoon?
  • How does SafeMoon work?
  • How to purchase SafeMoon?
  • Closing Thoughts

What is SafeMoon?

The name SafeMoon extends to “Safely to the Moon” and auctions itself as a Defi token. This getting to the moon expression was first presented with Dogecoin, and now SafeMoon follows it too. It is a decentralized money token that is like other cryptos such as Bitcoin and means to retouch the occurrence of unpredictability issues, in contrast to different currencies.

As per CoinMarketCap, the value of SafeMoon currency is 0.000003967 US dollars, with a market cap of 2.2 billion US dollars. The digital currency has encountered a consistent expansion in its costs since its launch in the market.

SafeMoon exists on the blockchain and doesn’t use any monetary foundations or trades as mediators. According to the whitepaper published, it expects to elevate distributed trade and has an absolute stock of 1 quadrillion tokens. Their launch supply was 777 trillion tokens, and 223 trillion is the measure of Burned Dev Tokens. SafeMoon is navigated by CEO John Karoly, who had been appointed as an All-Source Analyst under the U.S. Department of Defense. The CTO of SafeMoon is Thomas Smith, who recently filled in as the CIO of Goldsmith Blockchain Consulting. Jack Haines-Davies is the COO of this currency who previously served in LikeAndShare LTD, and Ben Philips is hired as a Manager, as indicated by the LinkedIn profile.

How Does Safemoon work?

SafeMoon utilizes a strategy wherein they prevent day exchanging of their coins to fix the value instability issue. SafeMoon declared a remuneration policy for the long-term and earliest holders of the tokens. Individuals selling the tokens will be hit by a 10% punishment charge expense on the exchanges, and 5% of these punishment exchange charges will be dispersed to the current token holders.

This strategy is set up to restrict the selling of the tokens and instead support its ownerships. The initiative will make the merchants think before they sell the tokens, and it gives added benefit to the current coin proprietors. This technique means to lessen the abrupt declines brought about by the sale of cryptos that result in varying prices and market fall.

The official site of SafeMoon explains, “Holders acquire passive compensations through static reflection as they see their stability of SafeMoon develop inconclusively.” The steady RFI bonuses make this digital currency remarkable among others. It utilizes a manual burn-in technique instead of digital burn-in techniques to control the stock and empower a fulfilling and helpful burn methodology to the long-term members and achievers.

How to purchase SafeMoon?

The official site records PancakesWap as the essential trade to purchase the tokens. The initial step is to make a trusted wallet. Then, one needs to change BNB over to a smart chain employing the trust wallet and amplify SafeMoon. Use Pancakeswap to change Binance Smart Chain over to SafeMoon. Post trading the transaction, the wallet will obtain SafeMoon. 

Anyway, SafeMoon has been under the eyes of skepticism. Professionals say that it is an unpredictable business to put money into SafeMoon as it isn’t directed by using any particular means. It has been compared with a Ponzi Scheme as most liquidity is claimed by the group. SafeMoon has excused these cynics and has declared its precise path for the coming years. The group intends to coordinate SafeMoon with African Markets, investigate different trades like Binance, and even begin its own trade.

Closing Thoughts

The secureness of SafeMoon is still a question among people. If you spend an hour on any of the online platforms talking about it, you’re probably going to discover viewpoints of each persuasion. Early adopters liked it as it immediately grew into great value. At the same time, there are people who express a lack of interest in SafeMoon’s future possibilities. 

An asset that depends vigorously on the fundamentals of supply and demand is known to go far. The news about SafeMoon has been spread all over the world. As more people will get on its radar, the more individuals will put investment into it eventually. The worth of crypto overall has been consistently going up for quite a long time. And as Manward Financial Digest author Andy Snyder anticipated toward the start of this year, crypto’s worth is simply going to rise.

Learn more about blockchain, and enroll for cryptocurrency certifications and courses under the best cryptocurrency auditor at BLOCKCHAIN COUNCIL.

Everything You Need To learn About Safemoon, The New sensation in Crypto World

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Blockchain Versions Explained: A Guide for Beginners

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Blockchain Versions Explained A Guide for Beginners

Are you a beginner in the Blockchain space? Want to get started with this futuristic technology? This article talks about various versions of Blockchain, providing a clear understanding of exactly what this technology is all about.

Table of Contents

  • What Exactly is Blockchain Technology?
  • Types of Blockchain Versions
            * Version 1.0: Cryptocurrency
            * Version 2.0: Smart Contracts
            * Version 3.0: Introduction to dApps
            * Version 4.0: Blockchain for Industry
  •   Wrapping Up 

What Exactly is Blockchain Technology?

A Blockchain is a peer-to-peer (P2P), decentralized, distributed ledger technology with a continually growing public ledger that keeps a permanent record of all the transactions securely and immutably. A blockchain is a network of information-containing blocks where each block tracks all recent transactions and, once done; it is stored permanently on a Blockchain network.

It is different from the traditional database because Blockchain is decentralized because there is no intermediary or mediator, and it is fully confidential. 

The technology has gained a lot of public attention since 2009, and since then, it is continually growing and developing, and now it is more than bitcoins and cryptocurrency. Its demand is because of its ability to offer decentralization, immutability, transparency, and privacy.

Are you a beginner in this domain? Want to get started with Blockchain and become a Certified Blockchain Expert? Get started today!

Types of Blockchain Versions 

As we have understood what exactly Blockchain is, let’s delve deep into the evolution of this technology, including blockchain progression from version 1.0 to version 4.0.

  • Version 1.0: Cryptocurrency 

The implementation of distributed ledger technology led to its first-ever application, and that was the introduction of cryptocurrency, Bitcoin. After Bitcoin, various other cryptocurrencies were introduced to allow financial transactions based on Blockchain. 

Satoshi Nakamoto, a pseudonym for a different person or persons who invented Bitcoin, wanted to create a “trust-less” cash system by removing third-party intermediaries, unlike in traditional systems that require mediators to perform digital monetary transfers.

  • Version 2.0: Smart Contracts

After Bitcoin, version 2.0 extends the concept of Bitcoin beyond cryptocurrency. 

There were several challenges that came with Bitcoin, and those were wasteful mining and lack of network scalability. To deal with such issues, version 2.0 introduced smart contracts. Smart Contracts are autonomous computer programs that execute automatically when the desired conditions are satisfied. Such contracts run on the blockchain network without any plausibility of downtime, fraud, or error.

The aim of the smart contract is to provide security while processing transactions and reduce excess transaction costs and time. Unlike traditional contracts, smart contracts maintain complete transactional transparency, offer security and confidentiality by making use of cryptographic algorithms. 

Smart contracts can be applied to trade finance, supply chain, property ownership, and many other domains. 

  • Version 3.0: Introduction to dApps

dApps are Blockchain-based apps, or we can say that dApps are a part of the software that communicates with the Blockchain, which manages and controls the state of all network actors. Unlike centralized apps that run on a single computer, blockchain-based apps run on a P2P network.

Such applications use decentralized storage and communication, and most have their backend code running on a decentralized network, unlike centralized applications that run on centralized servers. 

A few of the top-ranked dApps are ForkDelta, CryptoKitties, Bancor, Ether Shrimp Farm, PoWH 3D, Moon, Inc., among others. 

  • Version 4.0: Blockchain for Industry

Although the value of Blockchain in industries is yet to be defined, there are still some areas such as finance, supply chain, manufacturing, healthcare, logistics, including others in which this technology provides prospective benefits. Technology 4.0 demonstrates the strategies that make Blockchain available to business requirements.

Various organizations, industries, enterprises, and businesses are willing to adopt Blockchain technology for their efficient operations. Due to their decentralized nature, distributed ledger technologies like Blockchain can easily resist malicious attacks and frauds. With continuous efforts, Blockchain developers and technocrats are trying to build a scalable, adaptable, and affordable Blockchain for the world. 

Wrapping Up 

Undoubtedly, Blockchain has made a lot of progress since its invention. Those who have understood its potential are ready to go beyond the paradigm of a central system for anything and everything. Due to its decentralized nature, technology can easily resist malicious attacks and can execute transactions instantly. The latest upgraded version that is version 4.0 is leading us towards faster processing and sustainable technology in terms of immutability, anonymity, privacy, secure transactions, and cost-efficiency. But still, there is a call for a safer and more robust Blockchain.

If you are a beginner but want to master this futuristic technology, Blockchain Council is here to assist you!

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council. 

Blockchain Versions Explained: A Guide for Beginners

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Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

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Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date. 

However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have rejected the potential negative impact of CME expiries, so far, the current year appears to validate the theory. Bitcoin’s price has been suppressed ahead of futures and options expiry in the first three months of 2021.

Bitcoin performance before and after CME expiry, USD. Source: TradingView

Some investors and traders have pointed out that Bitcoin’s incredible rally after the recent futures and options expiry dates has become a trend.

BTC has effectively rallied in the days following the expiry, but expanding this analysis uncovers a less-than-satisfactory trend.

Three consecutive events don’t prove a trend

The past 13 months have been nothing short of spectacular for Bitcoin, as the cryptocurrency posted 788% gains. August 2020 turned out to be the worst month, as BTC presented a 7.5% negative performance. Thus, choosing random starting points within the month will likely show a similar positive trend.

For example, if one uses the “last quarter” moon phase as a proxy, the odds that a rally takes place after each event are very high.

Bitcoin performance after “Last Quarter” moon, USD. Source: TradingView

As depicted above, indeed, Bitcoin rallied after five out of the last six instances. The only conclusion might be that positive trends are the norm rather than the exception during bull runs.

Although there might be some explanation to the reason behind Bitcoin’s end-of-the-month underperformance, these are only hypotheses.

While market makers and arbitrage desks could benefit from suppressing the price after a rally, other forces, including leverage futures longs and call option holders, would balance that out.

Bitcoin price did not drop in three of the last seven expiries

Therefore, it makes sense to analyze the potential price suppression ahead of the expiry instead of looking for explanations for a rally during a bull market.

Bitcoin performance before and after CME expiry in 2020, USD. Source: TradingView

Both October and December 2020 expiries failed to present any negative pressure ahead of such dates. Meanwhile, the 12% positive performance on the five days that preceded the most recent April 30 expiry also puts a big question mark on how meaningful the CME event really is.

Considering there hasn’t been a price decrease ahead of monthly futures and options expiries in three of the last seven instances, this evidence should put a nail in the coffin of the unfounded myth.

As mentioned earlier, trying to develop theories on why sellers acted more aggressively on specific dates is unlikely to yield results.

As shown above, Bitcoin’s price failed to underperform in three out of the last seven expiries. A 57% success rate should not define a trend when a positive performance after a specific date has been proven common during a bull run.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

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Tesla Will No Longer Accept Bitcoin Due To Environmental Issues, According To Elon Musk

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Tesla will no longer allow Bitcoin as a form of payment, according to a tweet by CEO Elon Musk, citing environmental issues

“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk tweeted on wednesday. He went on to say that while cryptocurrency is a “good idea on many levels,” it cannot come at a “high cost to the environment.”

Musk raised environmental questions about Bitcoin’s “mining” techniques, which necessitate a lot of computer resources and use a lot of electricity. Currently, the sector consumes 149.6 terawatt-hours of oil, which is significantly less than the total electricity consumption of Egypt’s entire population.

The announcement caused a 13 percent decline in the value of the cryptocurrency, and Tesla stock has also plummeted.

Musk has long been a promoter of Bitcoin, having purchased 1.5 billion dollars worth of Bitcoins, as reported in an SEC filing in February, and even changing his Twitter bio to #Bitcoin in January. “You can now buy a Tesla with Bitcoin,” he said in March, adding that Bitcoin charged to Tesla will be kept as Bitcoin and not translated to dollars.

Tesla, he said, would not sell any of its Bitcoin holdings. Following Musk’s remarks on Twitter, the price of Bitcoin dropped about 5% to $51,847. Tesla’s stock fell 4.4 percent on Wednesday.

He mentioned that the company is looking at other cryptocurrencies that require less than 1% of the energy that Bitcoin consumes.

Bitcoin is produced when high-powered computers compete against each other to solve complex mathematical puzzles, a time-consuming process that currently relies heavily on electricity extracted from fossil fuels, especially coal.

According to the latest available statistics from the University of Cambridge and the International Energy Agency, Bitcoin “mining” consumes about the same amount of energy annually as the Netherlands did in 2019.

Musk made the announcement three days after announcing the DOGE-1 launch to the Moon, which would be the first space mission paid for in Dogecoins, another cryptocurrency he supports. It’s uncertain if that’s even a possibility. On May 8, when hosting Saturday Night Live, he referred to the currency as a hustle.

Tesla Will No Longer Accept Bitcoin Due To Environmental Issues, According To Elon Musk

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Dogecoin Replaced XRP As The Fourth-Largest Coin

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Dogecoin Replaced XRP as the Fourth-Largest Coin

Dogecoin, which was created as a joke back in 2013 has reached a new record of around $0.43 early Monday. According to the reports, the digital currency had replaced XRP as the fourth-largest cryptocurrency by market capitalization when prices reached a new high. 

At the time of writing, Dogecoin is trading at the rate of $0.3954 with a market capitalization of $51,062,091,441.

Dogecoin is a dog-themed digital currency invented by software engineers Billy Markus and Jackson Palmer on December 6, 2013. The idea behind inventing this digital currency was to design a payment system that is instant, fun, and free from traditional banking payments. Its official website describes itself as a fun and friendly internet currency. This cryptocurrency features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.

DOGE’s Rally Raised Price Expectations For The Rest of the Year

According to Coinbase, on 17 2021, Dogecoin’s value jumped 203% in just the past 24 hours to an all-time high of $0.404, giving the cryptocurrency a market capitalization of $52.2 billion. As Dogecoin continues to reach an all-time high, its market capitalization stood at over $54 billion, replacing XRP as the fourth-largest coin on Monday 19, 2021.  

According to us-bookies.com, oddsmakers see a 17 percent chance of Dogecoin reaching $1 by the end of 2021, versus 2.9% at the start of the month.

Apart from this, some posters are referring to Tuesday, April 20, as “Dogeday” on Twitter. Last week, the billionaire entrepreneur Elon Musk tweeted an image, “Doge Barking at the Moon.”
Such tweets and announcements indicate that this cryptocurrency is not going to slow down. Where many dogecoin supporters are predicting the coin to hit 69 cents on 4/20, some observers consider the ongoing price rally to be a bubble.

To get instant updates about Blockchain Technology and to learn more about online Blockchain Certifications, check out Blockchain Council.  

Dogecoin Replaced XRP As The Fourth-Largest Coin

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Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up

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With much of the market fixated on Bitcoin’s (BTC) sudden price correction over the weekend, retail interest in digital assets appears to be on the rise, according to the latest statistics from Reddit.

The r/dogecoin community added 145,859 weekly subscribers, according to Subreddit Stats. The gains are hardly surprising given DOGE’s dramatic rally over the past week. The meme-based cryptocurrency skyrocketed 400% during that period, bringing its yearly returns to an eye-watering 5,000%.

DOGE’s parabolic rally moderated over the weekend, with social media sentiment data from The TIE and Cointelegraph indicating more pain in the short term. That’s because price action is often correlated with social media engagement; a decline in the latter is sometimes a precursor to bearish price action in the near term. 

Meanwhile, the r/CryptoCurrency community, which is devoted to all things digital assets, added 86,838 new subscribers during the week. New community members were welcomed by platinum award recipient “mirza1h” on Sunday. In a subreddit post, miraza1h said:

“Past week has been insane in the crypto world, so naturally things here weren’t like they normally are. Your curious posts/comments may have been ignored a bit. In the weekend things are a bit more chill, so feel free to ask us anything you want.

The user also introduced new subreddit followers to Moon, the native token of the r/CryptoCurrency community.

Much like DOGE, the overall cryptocurrency market limped into Sunday’s session, having declined by a cumulative $386 billion, according to CoinMarketCap. The digital-asset market cap briefly fell below $1.9 trillion before recovering to around $2 trillion.

Massive shakeouts are nothing new for seasoned cryptocurrency investors. Even during bull markets, declines of 20% or more are fairly common, especially after major rallies. Speculation about an abrupt decline in Bitcoin’s hash power and the possibility of U.S. regulatory action against crypto-friendly banks may have contributed to the decline on Sunday.

Even with the latest decline, the cryptocurrency market is still double the size it was in January when it first crossed the $1 trillion milestone.

Dogecoin, CryptoCurrency Reddit communities surge as crypto euphoria heats up

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