The minimum level SFMS dropped after ATH is $0.000000000025 price is up by 17.39% from that low. Roughly 2 Years and 4 Months have passed since then. SafeMoon Swap hit its maximum price on and has recorded an all-time high price of $0.000000001082. ![]() The price is up by ( 0.85%) for the last 24 hours. SafeMoon Swap SFMS Price today is $2.96E-11, for the last 24 hours 127,768,951,751 SFMS's were exchanged with a trading volume of $3.78. Pro: Dave Portnoy and other high-profile influencers.SafeMoon Swap SFMS cryptocurrency token built on top of Binance Coin platform, launched in April 2021. ![]() There's no evidence that SafeMoon is an outright fraud, but analysts have warned that many popular altcoins appear designed largely to help developers and early investors get rich at the expense of later buyers. Some critics also see parallels between SafeMoon and Bitconnect, a notorious cryptocurrency that collapsed amid accusations of fraud. SafeMoon insiders are generating a tremendous amount of passive income. SafeMoon's CEO reportedly owns more than 50% of the coin's liquidity. "I like the word moon, because that's where I want to go." Social media celebrity Jake Paul also endorsed SafeMoon immediately after its launch back in March.Įven Bitcoin (BTC) has been accused by critics of being a Ponzi scheme, but the centralized ownership of SafeMoon has skeptics particularly concerned. why, it could be a Ponzi scheme," Portnoy said at the time. Unfortunately, Portnoy's investment thesis was far from reassuring. Barstool Sports founder Dave Portnoy announced a $40,000 investment in SafeMoon back in May. Without technology to make it stand out in the growing crowd of altcoins, endorsements from high-profile online influencers is one of the best things SafeMoon has going for it. Pro: Dave Portnoy and other high-profile influencers Developers also have ambitious future plans, including a unique exchange, a SafeMoon app, a SafeMoon video game and the cryptic "Project Pheonix." Unfortunately, until investors get more details on these goals, SafeMoon in its current state has little or no real-world utility. SafeMoon recently launched its own digital wallet on Apple Inc.'s ( AAPL) iOS platform. SafeMoon doesn't have a technological advantage over other cryptos in transaction speed, security or other features. No major vendors accept SafeMoon as a payment method, and it's even difficult to trade it for fiat currencies or other cryptocurrencies given SafeMoon doesn't trade on major centralized crypto exchanges. Those fees may not offset the declines in SafeMoon's price during those stretches, but they help compound returns if prices eventually recover. During periods of weakness when selling pressure picks up, SafeMoon investors generate even more passive income as a reward for holding. In that sense, SafeMoon investors generate passive income every time another investor sells. The other half is distributed to SafeMoon's existing holders. Half of that fee is added to a liquidity pool to support price stability. Any investor who sells is charged a painful 10% fee. SafeMoon was designed to incentivize long-term investing and punish selling. So far, the only way to trade SafeMoon is by using Binance's PancakeSwap decentralized exchange. (ticker: COIN) and Gemini makes the SafeMoon market far less liquid than other popular cryptocurrencies. However, the fact that SafeMoon charges fees to discourage selling and is not traded on leading crypto exchanges such as Coinbase Global Inc. For investors looking to get an adrenaline rush or a gambler's high trading SafeMoon, the potential for the crypto to crash as hard as it has skyrocketed may be part of the thrill. Like other meme altcoins, one of the most dangerous things about investing in SafeMoon is its extreme volatility and lack of liquidity. Without a significant technological advantage over Bitcoin (BTC), Ethereum (ETH) or other top cryptos, the long-term success of SafeMoon may rely mostly on the strength of its brand. ![]() Since its launch earlier this year, SafeMoon has regularly been trending on social media. To stand out in the crowd, top-performing cryptocurrencies have generated cult-like social media followings and their brands have spread like wildfire online thanks to viral memes. With more than 13,000 cryptocurrencies out there and new ones popping up on a weekly basis, the most valuable part of SafeMoon at this point is likely its branding.
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