SatoshiVM has already been listed on multiple exchanges, therefore, the steps for buying $SAVM is similar to other cryptos. Here is a short overview of how to buy SAVM:
Article Coverage: SatoshiVM Token Performance, Latest SatoshiVM News, SatoshiVM Price Prediction 2024-2030, Is SAVM a Good Investment? How and Where to Buy SAVM?
The SatoshiVM token price is trading below $10 but it is likely to break above this level. What are the signals?
Altcoin Sherpa predicts that $SAVM, after a period of consolidation, will continue its upward trend, potentially reaching the $15 range.
SatoshiVM, in collaboration with Bounce Finance, has activated bonus rewards for $SAVM holders. Eligible participants are encouraged to check their status and claim their rewards through the SatoshiVM trade platform.
Net Buy Rating = Buy% – Sell%
SatoshiVM coin price surged soon after its launch and broke above $10. But after finding a resistance at $14, a pullback followed leading to the SAVM price falling below $10. SAVM has found support at $5.0 and it is on the uptrend once again.
SatoshiVM Coin price has fallen below its short-term moving averages, however, once again the price is on the uptrend. The buying pressure has increased and the SAVM price is on the verge of breaking above $10 once again.
The RSI of the SAVM coin is also on the uptrend and it is close to breaking above 50.0. The RSI reading at the time of writing is 45.26. The RSI has been on the uptrend which means that the outlook is positive. The buyers have been able to outnumber the sellers.
The market sentiment surrounding the asset has improved. The Fear and Greed indicator bars have increased on the Greed zone and on the MACD chart, the MACD line and the signal line have both fallen within the negative axis. However, the MACD line is on the verge of breaking above the signal line. It is a sign of improving overall outlook of the asset.
Overall the technical indicators suggest that the outlook surrounding the SatoshiVM coin is now positive.
UTC: Feb 23rd, 2024 03:14 PM
| Overall Outlook | Neutral |
| 1. Market’s Wisdom | Neutral |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd’s Wisdom | Neutral |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Steady |
SatoshiVM represents a decentralized Bitcoin ZK Rollup Layer 2 which is seamlessly compatible with the EVM ecosystem, while uniquely utilizing native BTC as gas. This innovative platform serves as a bridge, introducing the EVM ecosystem to the Bitcoin network. Consequently, it empowers the Bitcoin ecosystem with the ability to issue assets and develop applications, thereby expanding its utility and fostering cross-chain interoperability.
ZK EVM:
SatoshiVM is a versatile ZK Rollup utilizing the EVM for off-chain computations. This allows users to interact with SatoshiVM much like interacting with Ethereum. Developers can build on SatoshiVM like Ethereum development.
ZK Rollup:
SatoshiVM employs Rollup technology to bundle multiple transactions into a single batch, validating them on the Bitcoin main network as a single transaction. This ensures a high level of security equivalent to the Bitcoin main network, ensuring data validity and availability.
ZK Fraud Proofs:
By utilizing technologies such as Taproot and Bitcoin Script, SatoshiVM achieves on-chain verification of contracts without altering Bitcoin’s consensus rules. This approach enables the computation of fraud proofs, ensuring security and integrity.
Data Availability:
SatoshiVM must release transaction data on the Bitcoin main network, allowing anyone to verify the correctness of computations executed off the Bitcoin main network. This step ensures transparency and accountability.
BTC Native Gas:
SatoshiVM uniquely employs native BTC as gas for EVM transactions. This mirrors the approach of ETH OP Rollup/ZK Rollup Layer 2 solutions that use ETH as gas for Layer 2, providing an innovative integration of Bitcoin into the EVM ecosystem.
Bounce Finance has reported a substantial increase in liquidity for its $SAVM token, reaching $5.85 million. This surge in liquidity has generated revenues totaling $1.23 million from liquidity provider fees. The company has also announced that ILO (Initial Liquidity Offering) winners are now able to claim their revenue in both ETH and $SAVM through the Bounce Finance platform.
The SAVM token, also known as SatoshiVM, refers to the native token of the Satoshi Virtual Machine (SatoshiVM) project. SatoshiVM aims to build a secure and efficient environment for running decentralized applications (dApps) directly on the Bitcoin blockchain.
Gas Fees: SAVM is the native currency used to pay for the computational resources needed to execute smart contracts and run dApps on the SatoshiVM platform. This includes actions like deploying contracts, transferring assets, and interacting with dApp functionalities.
Staking: Staking allows users to lock their SAVM tokens in the network to contribute to its security and stability. These staked tokens are used to validate transactions and secure the consensus mechanism. In return for staking, users earn rewards in the form of additional SAVM tokens. The reward rate is typically determined by the amount of tokens staked and the overall staking participation level.
Governance: SAVM token holders have the right to participate in the governance of the SatoshiVM platform. This includes voting on proposals that affect the future development of the project, such as protocol upgrades, fee parameters, and strategic partnerships. The voting power of each holder is typically proportional to the amount of SAVM tokens they hold. This incentivizes active participation and ensures that decisions are made by those who have the most vested interest in the success of the platform.
The Total supply of SatoshiVM token is 21,000,000. The distribution of SatoshiVM ($SAVM) is as follows:
However, it’s important to note some factors to consider:
Before investing in SAVM, it’s crucial to do your own research and carefully consider the potential risks and rewards.
SatoshiVM tokens are currently LBank, BitMart, MEXC, Uniswap v3 (Ethereum), and CoinEx.
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