SafeMoon Price Surges 20% Amid Wallet Release

SafeMoon price surged by 20% according to a report. Moreover, the SafeMoon price surge came in a few days after its developers announced the release of their beta version of SafeMoon’s wallet on the Google Play store.

To be specific, SafeMoon price successfully achieved the 20% milestone within a 24-hour duration. With this said, SafeMoon is now ranked among the top 100 cryptocurrencies in terms of market capitalization.

Briefly, SafeMoon is a decentralized token on top of the Binance Smart Chain. Honestly, SafeMoon is neither a governance token like COMP and UNI that works to unlock voting rights on a certain protocol or a utility token. To describe SafeMoon in a more simple term, it is similar to a meme token Shiba Inu.

Cycling back to the news, SafeMoon price is currently trading at $0.00000179 with a 24h trading volume of $12,322,239 at the time of writing. Also, it has a threshold value of $1,029,102,532 as of its market capitalization according to Coingecko.

Furthermore, the crypto community believes that SafeMoon could do better in the upcoming days than what is presently reflecting.