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This crypto bull run has shown many similarities to what happened in the 2017 run-up. In that cycle, cryptocurrencies seemed to be sprouting out of the ground at an alarming rate.
There was a mania of initial coin offerings and it was hard to discern what projects were real and which ones were outright scams. Today, there are over 10,000 different cryptocurrencies, all promising new use cases.
With the recent Dogecoin craze, several cryptos popped up that seemed entirely fake. Ones like Siba Inu, Akita Inu, Dogelon and more. They all seemed to be capitalizing on Dogecoin’s success with meme culture investments, but what about SafeMoon? Is it trying to do the same or is it a serious project?
What is SafeMoon?
SafeMoon is a BEP-20 token launched on the Binance Smart Chain (BSC) ecosystem on March 8, 2021. BSC is a centralized finance (CeFi) ecosystem and a competitor to Ethereum’s decentralized finance (DeFi) ecosystem.
SafeMoon has quickly risen to…
