On Sunday, a new record was broken as Ethereum reached $2,953 – up nearly 1,500 per cent since this time last year.
Edward Moya, a market analyst at crypto platform Oanda, warned further, stating: “Many view it as a pump-and-dump coin. Safemoon’s initial buzz started off as many anticipated it will have a similar rise like dogecoin.
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The price of a Bitcoin was at $40,258 on January 9, according to Coindesk, but fell to $34,214 just three days later.
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