SAFEMOON Price and Market Stats
|Market Cap Dominance||0.06%|
|Volume / Market Cap||0.0054|
|24h Low / 24h High||$0.00000279 / $0.00000336|
|7d Low / 7d High||$0.00000279 / $0.00000350|
|Market Cap Rank||#91|
|All-Time High||$0.00001094 -72.5%|
May 11, 2021 (7 months)
|All-Time Low||$0.000000044360 6692.0%|
Mar 14, 2021 (9 months)
SafeMoon Coin Price & Market Data
SafeMoon price today is $0.00000301 with a 24-hour trading volume of $9,224,231. SAFEMOON price is down -2.5% in the last 24 hours. It has a circulating supply of 570 Trillion SAFEMOON coins and a total supply of 1 Quadrillion. If you are looking to buy or sell SafeMoon, PancakeSwap (v2) is currently the most active exchange.
What is SafeMoon and can it safely reach the moon?
SafeMoon, known for high fees and social media hype, is now 70% below its all-time high. What lies in SafeMoon’s future?
SafeMoon is a relative newcomer to the cryptocurrency market, known for its tremendous volatility, high transaction fees of 10% and social media hype. SafeMoon, like better-known crypto coins like Bitcoin and Ethereum blockchain’s Ether, is based on distributed ledger technology and was created in March 2021 on the Binance Smart Chain blockchain.
SafeMoon’s creators say it was designed with the intention of encouraging long-term investment. Half of the 10% charged during transactions is shared among long-term holders, and the other to a liquidity pool that is intended to stabilize the price of SafeMoon, in contrast to Dogecoin, Shiba Inu Coin and a number of other cryptocurrency that seemed on the surface to be either a joke or bogus. But just like Akita Inu, Dogelon Mars and other much smaller crypto breeds, SafeMoon appeared to be trying to cash in on Dogecoin’s popularity by investing in meme culture.
Because the fee for buying into SafeMoon goes back to its earlier investors, SafeMoon has been regarded by some — including one SafeMoon investor — as a “Ponzi” scheme — an allegation that SafeMoon’s CEO emphatically denies.
The project’s founders say they designed SafeMoon for long-term investment, and the 10% transaction fee is set intentionally high to discourage people from selling the coin and encourage long-term HODLers.
Safemoon Live chart
How does SafeMoon work?
Since its launch on March 8, 2021, SafeMoon has accumulated a market capitalization of about US$1.9 billion while Bitcoin has a market cap of about US$1.1 trillion.
Traders are compelled to pay a 10% charge, with half of the money going to SafeMoon’s current holders and the other half going to a liquidity pool (in an effort to better maintain price stability).
SafeMoon’s creators also decrease the quantity of SafeMoon in circulation.
What are the main criticisms of SafeMoon?
SafeMoon, like many cryptocurrency coins, is a highly speculative asset with no inherent value. Here are a few other risks to think about.
Volatility: SafeMoon’s price has been highly erratic since its launch, increasing more than 20,000% before plummeting more than 70%. Because cryptocurrency coins have no intrinsic worth, your profit depends on what you paid and how much you can sell it for.
Regulation: Cryptocurrency coins are very new, and governments are just now learning about them and their potential effect. Crypto trading has been banned by China owing to the financial dangers they represent and the speculative trading they encourage. Higher tax rates on crypto profits may potentially be a form of regulation.
Liquidity: For traders wanting to get in or out of SafeMoon fast, the fact that they discourage selling via the 10% charge may make liquidity a problem. SafeMoon is traded on Binance and PancakeSwap, platforms that enable several cryptocurrency coins to be traded.
SafeMoon To USD Chart – CoinMarketCap
The live SafeMoon price today is $0.000003 USD with a 24-hour trading volume of $9,761,661 USD. We update our SAFEMOON to USD price in real-time.
SAFEMOON Price Live Data
The live SafeMoon price today is $0.000003 USD with a 24-hour trading volume of $10,268,532 USD. We update our SAFEMOON to USD price in real-time. SafeMoon is down 2.63% in the last 24 hours. The current CoinMarketCap ranking is #207, with a live market cap of $1,772,831,008 USD. It has a circulating supply of 585,536,366,402,812 SAFEMOON coins and a max. supply of 1,000,000,000,000,000 SAFEMOON coins.
SAFEMOON Price Statistics
|24h Low / 24h High||$0.000002858 /$0.000003349|
|Volume / Market Cap||0.005792|
|Market Dominance||No Data|
|Fully Diluted Market Cap||$3,027,704,356.642.63%|
|Yesterday’s Low / High||$0.000002997 /$0.000003384|
|Yesterday’s Open / Close||$0.000003031 /$0.00000317|
|7d Low / 7d High||$0.000002843 /$0.000003381|
|30d Low / 30d High||$0.000002843 /$0.000005458|
|90d Low / 90d High||$0.00000108 /$0.00000654|
|52 Week Low / 52 Week High||$0 /$0.00001399|
|All Time HighApr 20, 2021 (7 months ago)||$0.0000139978.36%|
|All Time LowMar 09, 2021 (9 months ago)||No Data|
|Circulating Supply||585,536,366,402,812 SAFEMOON|
|Total Supply||1,000,000,000,000,000 SAFEMOON|
|Max Supply||1,000,000,000,000,000 SAFEMOON|
SafeMoon is a cryptocurrency token created in March 2021 SafeMoon is a cryptocurrency token created in March 2021.
SafeMoon was released in March 2021. The slogan of SafeMoon, “Safely to the moon”, took inspiration from the popular phrase “To the moon”, meaning “to quickly rise in price”. The CEO of SafeMoon is John Karony, a former analyst for the United States Department of Defense.
What is SafeMoon?
SafeMoon is a BEP-20 token launched on the Binance Smart Chain (BSC) ecosystem on March 8, 2021. BSC is a centralized finance (CeFi) ecosystem and a competitor to Ethereum’s decentralized finance (DeFi) ecosystem.
This crypto bull run has shown many similarities to what happened in the 2017 run-up. In that cycle, cryptocurrencies seemed to be sprouting out of the ground at an alarming rate.
- SafeMoon is a BEP-20 token launched on the Binance Smart Chain (BSC) ecosystem on March 8, 2021.
- SafeMoon is built to have three core components:
- The first is the “reflection” where SafeMoon transactions are charged a fee that gets distributed among holders of the token.
- The second is a fee charged on transactions that will be given to various liquidity pools on Pancake Swap and other platforms.
- The third is a token burn that occurs on each trade.
- SafeMoon is built on the Binance Smart Chain which uses proof-of-authority as its consensus mechanism.
- In proof of authority, the block creators are known as validators. These validators are pre-approved and chosen by Binance, making the blockchain centralized.
- Due to the centralization of the Binance Smart Chain, users of its platform need to trust Binance and rely on it for security.
There was a mania of initial coin offerings and it was hard to discern what projects were real and which ones were outright scams. Today, there are over 10,000 different cryptocurrencies, all promising new use cases.
With the recent Dogecoin craze, several cryptos popped up that seemed entirely fake. Ones like Siba Inu, Akita Inu, Dogelon and more. They all seemed to be capitalizing on Dogecoin’s success with meme culture investments, but what about SafeMoon? Is it trying to do the same or is it a serious project?