![]() ![]() The developer team of SafeMoon promised to fix this as soon as possible. When it was first released, on the 28th of August, it immediately crashed and no one got to use the new wallet. The SafeMoon team has announced multiple upcoming projects, with the SafeMoon wallet being the most anticipated one since it was set to release before the other products. ![]() Today, its market cap is roughly $1.04 billion. When it hit its all-time high, SafeMoon had a market capitalization of more than $6 billion, making it one of the biggest tokens at that time. Today, SafeMoon has a trading value of $0.0000017, four zeros higher than its initial price. After hitting its all-time high, SafeMoon experienced extreme volatility, until August, when it calmed down a bit. At the time of writing, only about 550 trillion SafeMoon tokens exist.Īccording to CoinMarketCap, this token joined the market with a price of $0.000000000545 and in only some weeks it literally mooned, hitting the price of $0.000013 on the 20th of April. However, through a burn mechanism that they included in their tokenomics, the supply is gradually going lower. The total supply of SafeMoon was 1 Quadrillion – a tremendously high supply for a token. Its tokenomics are quite unique and paradoxical at the same time. This token is the first reflective token to ever exist. The SafeMoon token is a token launched on the Binance Smart Chain (BSC) in early March. In today’s article, we will compare two reflect tokens: SafeMoon and PooCoin. That is why we compare cryptocurrencies and tokens with one another and help you choose between different coins. However, not all of these cryptos are worth investing in. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.With more than 11,000 cryptos to choose from, people who are just getting started crypto get overwhelmed. The views and opinions expressed in this article are the author’s own and do not necessarily reflect those of CoinMarketCap. ![]() This article is not intended as, and shall not be construed as, financial advice. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is intended to be used and must be used for informational purposes only. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). Retail investors, however, should always remember that success in the low-capitalization crypto market is indeed mostly based on luck and never invest or trade with more money than they are prepared to lose. It is highly likely that that candid positioning is exactly what has attracted so many people to its platform in the past months: after all, while extremely risky, short-term trading of highly volatile assets can prove equally profitable with a bit of strategy and a lot of luck. Perhaps accepting that reality, PooCoin chose to be forthright about what it is - a sort of one-stop tracker designed specifically for the shitcoin market. The ease with which new digital assets can be launched on Binance’s blockchain is one of its main advantages, but it does inevitably make life simpler for the less scrupulous market participants. ![]() Ultimately, PooCoin is not to blame for the fact that the vast majority of newly launched BSC tokens can be classified as the so-called shitcoins or even outright scams. ![]()
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