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Seeking Alpha 2021-04-20 16:51:51

SafeMoon shows up as most searched cryptocurrency for a third day

A new kid on the block is starting to steal Dogecoin's (DOGE-USD) thunder. SafeMoon is appearing as the most searched cryptocurrency on CoinMarketCap for the third day.The cryptocurrency reached a market cap of $1B in less than a month and and saw 7,618% growth in the last 30 day, bringing its new market cap to more than $2B, HypeBeast reports.The young crypto still is decimals away from reaching a penny per token.The coin offers static rewards to those who hold on to SafeMoon, while penalizing large sell-offs; a 5% fee per-trade is redistributed to all existing holders and another 5% fee is split with half sold into BNB and the other half added into liquidity.SafeMoon also recently said that the crypto would be listed on two new exchanges in coming weeks.Dogecoin fans, though, are hoping to bid their favorite crypto to $1 on Tuesday, which they've declared as "Doge Day."

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