As we know that many cryptocurrencies exist in the global market of the world such as Bitcoin, Ethereum, Cardano, Dogecoin, and others. However, you must rarely hear about the Safemoon coin cryptocurrency. The reason is that the Safemoon coin is the new cryptocurrency that is present in the global crypto market.
Safe moon coin was made by Safemoon LLC in March 2021. And this currency has been very popular because of promotions by well-known public figures such as Dave Portnoy, Lil Yachty, and Logan Paul. This Safemoon is inspired by the word “To the Moon” which means prices are rapidly rising. This Safemoon coin has a very fast growth rate in the global market.
These currencies include altcoins or blockchain currencies similar to Bitcoin and other currencies. However, there is a difference between the two. This Safemoon is a kind of token that cannot be exchanged. This Safemoon may be equated with other currencies in terms of type, but in terms of price, this Safemoon coin is very low when compared to Bitcoin, Ethereum and others.
However, you don’t need to worry because Safemoon currency continues to increase in value according to the global market. Where this Safemoon coin touched the figure of US $ 0.000005 and continued to increase until the latest news touched the figure of US $ 0.0000000010. Please note that if you sell your Safemoon token, you will be charged a 10% fee, and 5% of the fee you paid will be given to all Safemoon coin owners.
Safe moon coin will be a competitor to Dogecoin in the cryptocurrency world. Although the competition they do is different, it is possible that this new currency can beat the name Dogecoin itself. There are some differences between Safemooncoin and Dogecoin:
- The safe moon is not the same as Dogecoin or any other cryptocurrency in circulation. Safe moon coin places more emphasis on long-term gains than near-term gains like Dogecoin and other cryptocurrencies.
- Investors believe that Safemoon has a fairly high investment risk and a higher rate of return than Dogecoin.
- Safemoon coin is not guaranteed a level of security when compared to other cryptocurrencies. Therefore, you have to think about the level of risk that you will get after using this Safemoon currency.