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SafeMoon Crypto 11 Things to Know as Prices Rocket

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SafeMoon Crypto 11 Things to Know as Prices Rocket

SafeMoon SafeMoon to Prices Crypto: Know 11 Rocket as … Things

Mon, 19 Apr 2021 13:00:00 -0700

On April 20 at 7 p

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Will You Be One of Them?On April 20 at 7 p.m.

ET, Louis Navellier and Matt McCall will reveal an event that’s about to rock the stock market and how you could use it to beat the markets by nearly 11X.

A speculative SafeMoon crypto continues to captivate investors on Monday SafeMoon (CCC:SAFEMOON-USD) continues to captivate investors, with SafeMoon prices up more than 100% over the last 24 hours.

However, this token is far from a household name.

With that in mind, what should you know about the SafeMoon token now?To start, investors should know that SafeMoon is relatively new.

In fact, the token just launched in the first quarter of 2021, and its followers are buzzing around expansion news.

This means that there is relatively little information available about the token and its underlying blockchain company.

InvestorPlace has rounded up some fast facts on the red-hot crypto.Without further ado, here is what you should know as SafeMoon prices skyrocket:So what else should you know as SafeMoon prices rise? And what makes this cryptocurrency interesting?Right now, it appears that there is a lot for investors to take a wait-and-see approach with.

SafeMoon says that in the coming quarters, it will launch its SafeMoon Exchange, roll out exchange functionality for non-fungible tokens (NFTs) and debut an educational app.

In the third quarter, SafeMoon says it will start fundraising for listings on more well-known exchanges like Coinbase (NASDAQ:COIN), Binance and Kraken.

Right now, one drawback is that SafeMoon tokens are not as accessible as other popular altcoins.Another thing to note is that investors have questions around key SafeMoon information.

SafeMoon has been using its social media to ask CoinMarketCap to change its token stats.

CoinMarketCap lists a fully diluted market capitalization closer to $3 billion, while SafeMoon says its market cap is closer to $5 billion.

As investors wait for clear information about the token, it is important to approach this red-hot crypto with caution.

You can read more about analyst expectations for SafeMoon price predictions here.On the date of publication, Sarah Smith did not have (either directly or indirectly) any positions in the securities mentioned in this article. Sarah Smith is a Web Content Producer with InvestorPlace.com. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/safemoon-crypto-11-things-to-know-as-safemoon-prices-rocket-100-higher/.©2021 InvestorPlace Media, LLC Best Crypto & Blockchain Right Now Stocks to Buy Today's Market Today's Market Today's Market Today's Market Today's Market Best Crypto & Blockchain Right Now Financial Market Data powered by FinancialContent Services, Inc.

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SafeMoon

Mon, 19 Apr 2021 13:00:00 -0700

Safemoon price: Could Safemoon overtake Dogecoin? Crypto skyrockets amid DOGE uncertainty

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SAFEMOON, a cryptocurrency steeped in mystery, has enjoyed 

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You can unsubscribe at any time.Cryptocurrencies have attained superstar status in recent weeks, particularly those without an established presence in the market.

Dogecoin has led the charge, backed by Elon Musk and his legions of fans, who have promised to take it “to the moon”.

But the coin faces steep competition from other currencies, namely the little-known DeFi token SafeMoon.Dogecoin has surged into prominence in recent weeks thanks to backing from Elon Musk, who has helped accelerate its status from a joke to cryptocurrency king in a matter of weeks.DOGE is currently worth $0.410039 (£0.29), closing in on the US dollar, but SafeMoon, a younger crypto launched in early 2021, is closing in fast.Where DOGE has grown by roughly 17 percent in the last 24 hours, SafeMoon is closing in on value gains made by established cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) with a nearly 50 percent surge in value.READ MORE: DOGE is ‘not unique’ – Expert warns against investing in volatile coin However, its price remains comparatively low and totals at $0.00000707 (£0.0000051) each.SafeMoon has a fully diluted market cap of $4.3 billion (£3.07 billion) and a total volume of roughly $74.2 million (£53 million), increases of 42 percent and 142 percent respectively over the last 24 hours.The currency has the same aim as DOGE and hopes to push its value “to the moon”, a phrase used to describe off the charts growth.SafeMoon is slightly different from the other blockchain-based cryptocurrencies on the market, which could give it an edge.

The coin is a DeFi token, meaning it isn’t a cryptocurrency like its competitors.While these use the same blockchain base as other currencies, they aim to circumvent bank lending and establish peer-to-peer networks.SafeMoon incentivises this by rewarding people who “hold” the token.Roughly 11 percent of transactions burn, meaning holders share SafeMoon’s value if they refuse to sell.DON’T MISS
Dogecoin price: DOGE ‘gold rush’ may still end in ‘catastrophic crash’ – ANALYSIS
Dogecoin price: How high will Dogecoin go? – EXPLAINER
Dogecoin price live: What is the current price? Should you invest? – LIVE BLOG Those who capitulate will receive a penalty, with sellers saddled with a fee equivalent to 10 percent of the token’s current worth.While this will ultimately encourage growth, the path “to the moon” relies on having more buyers than sellers.But the tactic has worked so far, allowing the currency to drum up snowballing interest.Over the last three days, SafeMoon has overtaken DOGE as the most searched cryptocurrency on CoinMarketCap.And this interest will likely continue to grow, with SafeMoon due to enter exchanges imminently.In an “Ask Me Anything” roundtable, John Karony and Thomas Smith, CEO and CTO of SafeMoon, said their currency would soon grace two exchanges.While they didn’t reveal which ones, they did tease an announcement this week, by Wednesday or Thursday (April 21 and 22).SafeMoon currently exists solely on BitMart exchange, without a presence on established platforms Coinbase or Binance.

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– April 19, 2021
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