SafeMoon Crashes Back To Reality After Cosmic Hype Storm

Over the last weekend, SafeMoon grabbed the attention of crypto investors and enthusiasts after it gained over 99%. On April 20, the token quickly rose to its highest level settling at an exchange price of $0.000013, according to data from CoinMarketCap. The DeFi token was founded by John Mating with the aim to circumvent bank […]

SafeMoon Crashes Back To Reality After Cosmic Hype Storm

Throughout the most recent end of the week, SafeMoon commanded the notice of crypto financial backers and fans after it acquired more than 99%. On April 20, the token immediately rose to its most elevated level settling at a trade cost of $0.000013, as per information from CoinMarketCap. The DeFi token was established by John Mating with the plan to dodge bank loaning and set up a shared organization. Since its dispatch, the token has been the discussion of the crypto local area as it rewards financial backers who purchase and hold it. It's a digital currency on the Binance Smart Chain that began at a low market cap of around $50,000. The cost and market capitalization of SafeMoon went illustrative in the wake of developing ubiquity on TikTok. In only three weeks, the coin became 2,200%. Before it didn't. A Seismic Crash The allegorical meeting immediately reached an intense conclusion on Thursday morning when the advanced symbolic lost a stunning measure of significant worth. The symbolic lost around 66% of its reasonable worth in 60 minutes, dropping from an astounding $0.000015 to $0.000005.