A NEW cryptocurrency called SafeMoon has gained popularity in recent months and surged in value.

It launched in March, but what exactly is SafeMoon? Here, we explain everything you need to know.

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Little is still known about SafeMoon but its popularity has risen recentlyCredit: AFP

But first, a word of warning: buying cryptocurrencies and decentralised finance tokens as well as stocks and shares is a risky business.

Investing is not a guaranteed way to make money, so make sure you know the risks and can afford to lose the money.

Cryptocurrencies and decentralised finance tokens are also highly volatile, so your cash can go down as well as up in the blink of an eye.

What is SafeMoon?

Not a huge amount is known about SafeMoon meaning the risk to your investment may be even higher.

SafeMoon technically isn’t a cryptocurrency but a DeFi token, according to its website.

DeFi stands for…

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