SafeMoon was created in March 2021 on the Binance Smart Chain network and since its inception it has grown rapidly into one of the largest tokens in crypto, based on market capitalization.
According to the founders, this cryptocurrency was created to eliminate price fluctuations associated with other top cryptocurrencies, such as Bitcoin, DOGE,HUH Token and Ethereum. This claim plays a huge part in the in the massive popularity increase that SafeMoon has experienced recently.
The SafeMoon’s website also confirms that this coin has three major components: reflection, transaction fees, and token burns. All of these components were implemented to ensure the stability of price.
Currently, CoinMarketCap ranks SafeMoon as the two hundred and second (202nd) coin with the highest market capitalization. Presently, this cryptocurrency has a market cap of $2.9 billion with a total circulating supply of 585 trillion SafeMoon tokens.
Since the launch of SafeMoon, over two million investors have bought the token and have also experienced a massive price increase of up to 202%, with its current price at about $0.000007. With the present bull run in the crypto market, the price of SafeMoon is similarly expected to soar even higher!
What Will Be The Next Successful Meme Token?
With more and more people embracing cryptocurrency, software developers are consequently creating even more coins in the market. Now, there are over a thousand cryptocurrencies listed on CoinMarketCap.
One such newly created crypto is the HUH token. From recent market trends, it appears as though HUH Token could be used as a close substitute for SafeMoon, with several of investors beginning to buy the token before its inevitable price explosion.
Like SafeMoon cryptocurrency, the creators of HUHdesigned their token in a way that it would eliminate major price fluctuations. One way that they hope to do this is by implementing higher transaction fees attached to sell orders. In essence, selling the token is expensive. This discourages swing trading, which is a major factor in major price changes.
As HUH Token is designed to be a long-term meme token, HUH has also created a referral program that increases holders of the token profit margins. By simply referring another individual to join the HUH community, HUH rewards you to earn even more HUH Tokens and Binance coins, BNB. This is an automated system; you do not need any further actions, such as staking, farming, etc. before you can gain as a community member. You can read more about HUH’s referral system here.
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