The world of cryptocurrencies is known for wild price movements (in either direction). However, more recently the Safe Moon cryptocurrency has been the talk of the town because of it’s wild price rally in the last one week.
Safe Moon has jumped over 30% in the last 24 hours. In the last 7 days, the cryptocurrency is up by 83%. The hashtag #SafeMoon is bustling with posts and tweets on Twitter at the moment.
According to Watcher Guru, SafeMoon was amongst the most mentioned crypto hashtags on Twitter in the last 24 hours. The top 5 most mentioned crypto hashtags were – #SHIB , #SAITAMA, #ETH, FLOKI, and #SAFEMOON.
The Safe Moon cryptocurrency hit a New All-Time High of $0.00333 on 2nd January, 2021. But what is so special in this cryptocurrency to justify the wild price rally?
What Is Safe Moon?
Twitter user Mazz explains that “SafeMoon is developing an incredibly sophisticated infrastructure for peer-to-peer energy transfer. Decentralising energy is a very efficient means to enable poor nations to access electricity and modern amenities – and the SFM token will be the means by which energy will be transacted”.
Another innovation is the actual SFM token. SFM has an upgradable smart contract, meaning any new tech or new partnerships they may want to onboard can use a fine tuned set of functions in the SFM code, adjustable whenever necessary. The SFM blockchain will likely also lean heavily into the customisable and upgradeable side of things”
SafeMoon is a products and services company – the products will all be integrated into the blockchain ecosystem, and the services will facilitate use case for the products & the blockchain ecosystem itself. (Due courtesy intended).
What do you think about the whole story? Tell us your thoughts in the comments.