The cryptocurrency paradigm was heralded by the launch of Bitcoin (BTC) in 2008, inspiring a new technological and social movement. The goal of cryptocurrencies is to provide a medium for global, peer-to-peer transaction settlement that preserves privacy and financial security.
Its website carries the slogan ‘Safely to the Moon’ - a play on the phrase first mooted by WallStreetBets on Reddit in an attempt to hype up the price of Dogecoin.
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SafeMoon is targeting greater adoption and additional use cases with the launch of V2.
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DeFi stands for decentralised finance token. They are very complex but essentially aim to disrupt the finance world to enable people to follow and lend in peer-to-peer networks, without needing a bank.
Community Focused and fair launch. The dev team burned all of their tokens and participated with everyone else.
For upcoming projects, DogeZilla is planning to launch an NFTs Invasion Series in early 2022.
The current Safemoon crypto price is $0.000002663, up more than 17% in the last 24 hour period.
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SafeMoon had a very promising launch and maxed out at an impressive market price of $0.00001375. Many tokens and coins have price spikes soon after launch as this is the time when interest is at its peak for new potential investments. Investors were hoping that the market price would settle somewhere around this level and continue to rise at a more sustainable rate. Unfortunately, this was not the case, SafeMoon witnessed its market price continuously drop until it was priced around $0.000003458.
This happens when the promoter of a digital token draws in buyers, stops trading activity and makes off with the money raised from sales.
Cryptocurrency. A digital currency secured through cryptography, or codes that can't be read without a key.
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