Recently, another cryptocurrency named, “SafeMoon” is gaining a lot of popularity among investors and many technical analysts thinks that in the coming years it will have a promising future, however, the infatuation of the people in the newly-discovered digital coin created a lot of chaos in the cryptocurrency market. On 20th June 2021, that is, on Saturday, the crypto market witnessed the squeeze of safe moon coin meaning that the said coin showed a rapid rise in the price. Moreover, the hashtag, “#SafemoonSqueez” is also quite trending on Twitter, as the coin witnessed an unexpected level of new-sellers holding the position in it.
However, most of the investors are claiming that the short squeeze showed by this coin is not the traditional kind of market squeeze, but as of matter of fact, it has been reported that the price of the coin witnessed a huge upward pressure and it has also been said that the campaign- driven volume also impacted the market price of the4h coin and eventually caused the token burn. Today’s live price of SafeMoon was recorded at $0.000004 and in the last 24-hours, the coin also registered a trading volume of $12,833,664 USD.
About SafeMoon
SafeMoon is a decentralized blockchain token and mainly performs three distinguished functions after each trade including LP Acquisition, Reflection and Burn. The protocol used in this token is a sequence of auto-liquidity generation and RFI tokenomics protocol. The coin was initially launched on 8th March 2021, while John Karony is the CEO of this coin. As per the LinkedIn profile of Karony, he holds vast experience in All-source analysis and has in fact worked with US Defense Department under the designation of ‘All-Source Analyst’.
- Coin name: Safemoon
- Symbol: SAFEMOON
- CMP: $0.000003476
- Market Capitalization: $216.66 million
- Market Share: 0.16%
- Trading Volume(within 24 hours): $1.28million
Moreover, it has been reported that Thomas Smith is the CTO of SafeMoon, who has earlier worked at the Goldsmith Blockchain Consulting as a CIO. Jach Haines-Davies is the COO of SafeMoon, who has previously worked as a manager at Ben Philips Media and Likeandshare LTD. The coin piqued the curiosity of the investors after many prominent celebrities including the famous rapper Lil’Yachy, and others were seen endorsing the coin over their social media platform. Back in 2021, when the cryptocurrency market was facing a change, Safemoon made its ATH (All-Time High) of $0.00001399 on 20th April 2021.
SafeMoon Coin: Where to buy?
Currently, the demand for Safemoon coin is high in the cryptocurrency market world, so if you are one of those people, who are interested in investing can buy the same at the designated exchange platform. At present, we have around 383 exchanges in the crypto world, however, the safe moon coin is available for purchase on BitMart and also on PancakeSwap only. Stay tuned with us, for more latest updates on the same.
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