What Is SafeMoon and Is It a Safe Bet? – TheStreet

The latest Dogecoin craze has fueled interest in many other new cryptocurrencies and SafeMoon is one of the largest. 

SafeMoon is a BEP-20 token launched on the Binance Smart Chain (BSC) ecosystem on March 8, 2021, and has quickly risen to be Binance’s third-largest token by market capitalization.

As TheStreet’s Crypto Reporter Luke Conway states in his recent article, “SafeMoon currently ranks 202 on coinmarketcap with a market capitalization of $2.9 billion and a circulating supply of 585 trillion tokens.”

Related: Congressman Warren Davidson Compares U.S. Dollar To Dogecoin

The long-term success of SafeMoon remains to be seen and depends on a number of factors including, the SafeMoon team, the governance of Binance, and the support of the community built around it.