Although the first two quarters of 2022 have been very bad for the crypto market, people’s interest in crypto still remains at an all-time high. The crypto industry is still in its infancy and is evolving constantly with advanced and innovative technologies. Many cryptocurrencies including BNB, BTC, ETH USDT, and SafeMoon hit multiple new all-time high prices in 2021. SafeMoon captured the headlines when it registered an exponential growth of 23,225% from March 2021 to April 2021. It reached its all-time high price of $0.000014 on April 20. However, since then it has lost 99% of its value, raising several questions among investors about its authenticity and performance. If you are cynical about investing in SafeMoon cryptocurrency, this article will help you out. Let’s dive into everything you need to know: what is SafeMoon and how to buy and sell it. What is SafeMoon? Launched in March 2021 SafeMoon is a cryptocurrency built on the Binance Smart Chain blockchain. It is used as a medium of exchange for fiat currency, digital assets, and making a purchase. A member of the group of tokens known as the meme coin, SafeMoon had a market cap of only about $88.4 million in July 2022. It is developed to reward its long-term investors and holders. John Karony, CEO of SafeMoon is a former analyst for the United States Department of Defense. The token has more than 2.9 million active users. Registering phenomenal growth, the decentralize...
