According to Wikipedia, Safemoon is a cryptocurrency token, launched in March 2021. Its name combines “Safe” and “Moon,” and its slogan, “Safely to the moon,” is a nod to the crypto phrase “To the moon,” which means a token’s price is rising quickly. In December 2021, SafeMoon introduced an updated version called SafeMoon V2. SafeMoon LLC, founded in March 2021, is a cryptocurrency and blockchain company. It created the SafeMoon token (SFM), which operates on the BNB Chain blockchain.
Safemoon Exchange – Growth Analysis
SafeMoon ($SAFEMOON) has dramatically risen in the cryptocurrency world. It started at around $0.000000001 in March 2021 and jumped to about $0.00001 by April 2021. This huge increase raised its market cap from under $1 million to about $6 billion, a growth of 10,000 times or 1,000,000%. Both investors and fans are excited about SafeMoon’s potential for huge returns in the crypto market.
SafeMoon $SAFEMOON
— Anti Crypto Crypto Club (@Crypt0Club) August 24, 2024
•Starting Price: ~$0.000000001 (March 2021)
•End Price: ~$0.00001 (April 2021)
•Starting Market Cap: <$1 million
•End Market Cap: ~$6 billion
•Total Growth: 10,000x (1,000,000%)
Current Price Status
While the Safemoon news is all over the headlines, here’s what the current market status of the token looks like –
- At the time of writing, Safemoon was trading for $0.00003228 with a market cap of $17,957,613.
- In the last 24 hours, SafeMoon (SFM) had a trading volume of $26,399.03. This marks a 7.60% drop from the previous day, indicating a recent decline in market activity.
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SFM tokens are available for trading on centralized crypto exchanges. The most popular platform for buying and trading SafeMoon is MEXC, where the SFM/USDT trading pair has seen a volume of $25,867.68 in the last 24 hours. Other notable exchanges where SafeMoon is traded include Gate.io and BitMart.
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Disclaimer: This post is intended solely for informational purposes and should not be taken as legal, tax, investment, financial, or any other form of advice. Although all the information provided is true to the best of our knowledge, it is advisable to research well before making any kind of investments or decisions in general. The team of ReadingCrypto bears no responsibility in the event of any adverse outcomes.
