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Will Safemoon rebound?
SAFEMOON Rebounds Around Critical 50\% Fibonacci Retracement Level. As of press time, according to data from CoinMarketCap, SafeMoon coin has a market capitalization of $2,551,259,824.
Is SafeMoon wallet safe?
Trust Wallet or Safemoon Wallets have been doing very well on safety and security, but Bitrise Wallet has taken safety and security features to a higher level. The wallet uses mnemonic phrases, passwords, and authentication, to secure users’ tokens.
Why are crypto investors talking about safemoon?
The logic behind burning tokens is that a smaller supply should, theoretically, increase the price. And after Safemoon’s launch, the price did increase by an astronomical amount. From March 20 to April 20, its price went up by nearly 20,000\%, peaking at $0.000014. That initial rise is part of why crypto investors are talking about Safemoon.
Should you invest in safemoon (safemoon)?
Safemoon’s current all-time-high is $0.00001375, which is significantly lower than a dollar. Even one cent is a big jump from its current price. Considering the cryptocurrency is a long-term investment based on its website and whitepaper, we should give this project time.
How many safemoon tokens have been burned so far?
Safemoon’s developers also manually burn tokens regularly. They’ve burned over 400 trillion already, and there are now under 600 trillion Safemoon tokens in circulation. The logic behind burning tokens is that a smaller supply should, theoretically, increase the price.
Is safemoon the next big altcoin?
The new cryptocurrency Safemoon isn’t a household name, but it has gotten the attention of investors looking for the next big altcoin. With the price of Bitcoin still being over $30,000 even after it plummeted from a China bank crackdown, many are searching for other cryptocurrencies with a lower price and potentially greater returns.