SAFEMOON increased by 2.10% and is trading at $0.000001875. SafeMoon was created with the aim of creating a market for non-interchangeable tokens (NFT), organizing charity projects, and creating educational cryptographic applications. The project has received widespread criticism. On social media, prominent proponents of crypto ideas have slammed the currency, comparing it to the infamous Bitconnect Ponzi fraud.
People who are the first to open a new token receive the majority of the profits, which is a frequent aspect of altcoins. This is the crux of the problem. SafeMoon may turn out to be a good product, but that does not mean the token should be purchased at the height of its initial hype cycle. At the end of the day, this will be the deciding factor. SafeMoon must accomplish a particular level of functionality in addition to being a speculator’s tool if it is to succeed. The loyalty feature is a perk, although it may or may not match to SafeMoon’s current worth.