DogeCoin has seen an enormous increase in its reputation following just a few favorable tweets by Elon Musk about it over the previous few months. Tesla CEO has shocked everybody along with his actions by supporting DogeCoin on his Twitter deal with.
After the short spike out there worth of DogeCoin, one other new cryptocurrency SafeMoon has landed within the cryptocurrency world. It was on March 8 when SafeMoon made its entry and it has proven some constant optimistic development since then.
However no massive identify has stated something about SafeMoon and folks count on Elon Musk to take action sooner or later. Will SafeMoon acquire the eye of the Tesla CEO? Elon Musk is supportive of the usage of cryptocurrencies for transactions.
It’s evident from his latest choice to permit the usage of Bitcoin for getting a Tesla automobile. DogeCoin was began simply as a meme and it’s the Musk impact that has turned it right into a cryptocurrency. SafeMoon’s present CoinMarketCap rating stands at 2369 whereas DogeCoin enjoys the seventeenth rank on CoinMarketCap.
However the optimistic and constant development of SafeMoon is more likely to increase its reputation greater than that of Dogecoin as a result of Safemoon has a cap and burns tokens each time somebody sells tokens 10% will get burned; 5% completely burned and 5% to present holders. . And we might count on Elon Musk tweeting in favor of DogeCoin for finishing up cryptocurrency transactions.
If Elon Musk had been to ask about SafeMoon then he might need stated one thing optimistic about it. Over the previous three weeks, SafeMoon has proven extra development than Dogecoin and it displays a shiny future forward for this new cryptocurrency.