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- Given top security score by CertiK Foundation.
- Investors shift focus to tier two cryptocurrency
- The SafeMoon came into existence in March
Newsweek.com reports that cryptocoin SafeMoon is currently searched more on CoinMarketCap watchlists than Bitcoin. Bitcoin has been steadily rising, and so also Ether. However, investors are also closely looking at other tier two crypto coins.
A proof of this is a report which talks about SafeMoon Crypto overtaking bitcoin as the most tracked cryptocurrency with 1.3 million on the watch lists with bitcoin searched 1.2 million times.
Only two months of existence
SafeMoon is a new cryptocurrency and was introduced in early March. It works by charging a token 10% as a fee from each transaction. A portion of the earnings is then redistributed to others who hold the token. newsweek.com reports that it has created a buzz on social media.
Asks CoinMarketCap to increase SafeMoon’s ranking
SafeMoon team on Thursday took to Twitter to announce the milestone, and it instantly got 22,500 likes at the time of writing. The team has asked CoinMarketCap to increase SafeMoon’s ranking considering its popularity. The token is placed at 2,489th in the world.
There have been many upsets in the cryptocurrency position, with BTC and Ether maintaining their grip on first and second positions. The most glaring upset is Dogecoin which has entered the top five crypto coins.
Cryptocurrency ranking by agencies like the CoinMarketCap is based on their market capitalization—the total value of all circulating tokens of a given type.
Currently, SafeMoon is worth $0.000008 at the time of writing. However, according to its market cap, SafeCoin is not listed on significant price tracking sites CoinMarketCap or Coinbase. MoonSafe authorities claim that its market share is around $3.8 billion.
SafeMoon values have surged around 17% in the last 24 hours. Interestingly the number one Bitcoin (BTC) is going at a value of around $56,000 per coin and a market cap of just over $1 trillion. It is down 1.6 percent over the past 24 hours. Newsweek.com adds that SafeCoin has been given a security score of 80 out of 100 by cryptocurrency security organization CertiK Foundation.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
