SafeMoon was launched in March 2021 and quickly gained fame among the investors’ community. The coin gave phenomenal returns to its early investors and several of them made millions in just three months.
The coin gathered steam when Dogecoin shot up drastically during Q1 as investors were looking out for the ‘next Doge’. The enormous returns Dogecoin delivered gave room for SafeMoon to repeat the same spectacle few years down the line.
However, will SafeMoon deliver similar gains like Doge and will breach 1 Cent in the future, only time will tell. One thing is for sure, SafeMoon’s hype is here to stay and will not fizzle out anytime in the near future.
Despite being relatively novice in the market, SafeMoon became the talk of the town and attracted new, first time investors. In addition, data collected by Crypto.com shows that Dogecoin, Shiba Inu and SafeMoon attracted 78 million new investors into the crypto market.
In 2020, the crypto market had 143 million investors and in 2021, it shot up to 221 million up until July. It took only seven months from January to July to add 78 million first-time investors to the market. Compare it to adding only 143 million investors since Bitcoin’s inception in 2009 up until January 2021 looks mere.
The numbers will keep increasing as the years pass as people believe that crypto can satisfy their financial ambitions. They believe that the stock market delivers only for the rich and influential leaving out the common man behind. The old financial institutions failed to lift people out of poverty and hand-to-mouth paycheck and crypto is changing it.
SafeMoon Crosses 1.2 Million Followers
Considering the new financial establishment is gaining trust of the common man, its no surprise that SafeMoon surpassed 1.2 million followers on Twitter. Though many other coins have much larger followers, SafeMoon’s is special as its just eight months old.
You can check out the cryptocurrencies by Twitter followers in the below November updated list.
- BNB (Binance) 5.9 Million
- Bitcoin 3.7 Million
- Dogecoin 2.4 Million
- XRP 2.2 Million
- SHIB 1.9 Million
- Ethereum 1.8 Million
- SAFEMOON 1.2 Million
- Cardano 1 Million
- Solana 915,000
- Polkadot 869,000
SafeMoon is at a comfortable 7th position and achieved this remarkable feat in less than a year since its inception. This shows that the coins popularity is growing and would soon reflect in its price.
At the time of publishing, SafeMoon was trading at $0.00000366 and is down -4.3% in the 24-hours day trade. The coin has a market cap of $2 billion with a 24-hour trading volume of 9 million.