SafeMoon (SAFEMOON) Is Falling Today: What’s Next?

For 12 October, the price valuation of the Safemoon, decentralized finance (DeFi) token, is $0.00000155 and the market capitalization rank is #112. Safemoon is a token that on 100% is driven by the community. From the march, the activity of the coin has surged from $0.000000010 to $0,0000012. Moreover, the coins total supply is making up 1,000,000,000,000,000 when the circulating supply is 574,189,593,632,959. SafeMoon was launched in March of 2021 and quickly increased its value.

SafeMoon protocol is a combination of RFI tokenomics and automatic liquidity generation protocol. Furthermore, SafeMoon is one of the newest and fastest-growing cryptocurrencies, even in a market in which Bitcoin (BTC) and Ethereum (ETH). The unique characteristic of SafeMoon is that it charges a commission of 10% from everyone who sells their tokens. Then 5% of this commission is distributed among all other SafeMoon owners.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.