Investors are now taking a lot of interest in the new crypto coins SafeMoon and Dogecoin. They have found new opportunities to invest their money thus their enthusiasm is soaring. Dogecoin entered the scene in 2013 as a meme. Elon Musk posted some tweets about it thus spiking the value of the new currency.
On March 8th, 2021, SafeMoon was launched. It has seen a lot of enthusiasm among the users and there has been a boom in its popularity ever since. Investors are taking a lot of interest in the new crypto currency as it comes with safety and its value is increasing constantly. Its current Market Cap Value is $1.65 M.
The value has been increasing with every transaction while its volume is decreasing caused by the burning process of SafeMoon. Five percent of the new cryptocurrency gets burnt permanently after every transaction while five percent of it gets redistributed among other shareholders.
People are supporting this new crypto coin over Dogecoin as the performance has been constantly positive. SafeMoon has impressively performed better than Dogecoin and grown in the cryptocurrency trading world. Also it has much more potential to grow in the future.
The recent performance shows SafeMoon is bound to grow in the coming months and even though it is not yet listed on any exchange, it surely will be on the exchange list soon, say the optimists. Still the SafeMoon hasn’t seen any big name come in support but it has done remarkably well in the market. Experts approve of SafeMoon over Dogecoin for investments.