Amid the Wallet Release-SafeMoon Price Rises More Than 20%
After the latest wallet release announcement, SafeMoon is up 23.44% and has a market value of over $1 billion. But has the Token grown larger and better? Discover the latest altcoin news.
Most other cryptocurrencies are down today, but SafeMoon has made progress. In only three months after its beta release for developers and testers, SafeMoon’s price has soared, and the wallet has reached the Google Play Store.
Lost 84 Percent of Its Value in Three Months
The price of this cryptocurrency asset has risen in the last 24 hours but has dropped in the last three months. SafeMoon is a Binance Smart Chain token that is neither a governance token nor a voting token.
Utility reports enhance the log. It’s like trading and speculating on meme cards like Shiba Inu. SafeMoon creators launch their crypto wallet on Google Play. Three months after announcing the beta version for testing.
As a result, the cryptocurrency asset’s price rose 20% in 24 hours. The Token, on the other hand, lost 84 percent of its value in three months. A few features set SafeMoon apart from other meme currencies. For example, it taxes holders 10% when they sell.
Furthermore, based on the number of SafeMoon owned, half of the 10% tax is divided among owners. A liquidity pool holds the other half. Finally, SafeMoon tokens are burnt to deflate the asset. However, compared to other top 100 cryptos, Safemoon trades in modest volumes. Because it is not traded on major exchanges, the price will fluctuate.
According to CoinMarketCap, SafeMoon price today is $0.000002 USD with a 24-hour trading volume of $15,396,683 USD. It is up 23.44% in the last 24 hours.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
