SafeMoon, one of the hottest trends of the last few months, is taking the cryptocurrency market by storm, continuously skyrocketing in popularity since its March launch. Although its price is still below the 1 dollar threshold, SafeMoon has gone viral like crazy. So why has this cryptocurrency gained ground? What stands behind SafeMoon’s success?
Coinbase went public on April 14, 2021, under the ticker symbol “COIN” as the first cryptocurrency exchange. Coinbase is the most valuable U.S. exchange with the market cap at $85 billion after the first day of trading on Nasdaq. The platform reported a nine-fold increase of revenue from $190.6 million in 2020 to $1.8 billion in Q1 2021.
On March 8, PayPal Holdings, Inc. announced to acquire the security-focused startup Curv in the first half of 2021. It will be the first acquisition in the cryptocurrency and digital asset space. Curv is a startup providing cryptocurrency security based on breakthrough technology that enables access to crypto wallets without any hardware device by operating a cloud-based service.
Tesla bought $1.5 billion of cryptocurrency bitcoin in January and, as the first automaker, Tesla plans to accept payments in bitcoin, “initially on a limited basis.” The news influenced the price of bitcoin which went up by 17% to a record-high $44,220 and continued to rise to the current $54,703.