SAFEMOON, a cryptocurrency steeped in mystery, has enjoyed a recent price boost, following in the footsteps of Dogecoin. Could SafeMoon overtake Dogecoin? Cryptocurrencies have attained superstar status in recent weeks, particularly those without an established presence in the market. Dogecoin has led the charge, backed by Elon Musk and his legions of Twitter followers, who have promised to take it "to the moon". But the coin faces steep competition from other currencies, namely the little-known DeFi token SafeMoon. Dogecoin has surged into prominence in recent weeks thanks to backing from Elon Musk, who has helped accelerate its status from a joke to cryptocurrency king in a matter of weeks. DOGE is currently worth $0.410039 (£0.29), closing in on the US dollar, but SafeMoon, a younger crypto launched in early 2021, is closing in fast. Where DOGE has grown by roughly 17 percent in the last 24 hours, SafeMoon is closing in on value gains made by established cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) with a nearly 50 percent surge in value.However, its price remains comparatively low and totals at $0.00000007 (£0.0000001) each. Find more at: https://whitebit.com/referral/c7ffd29d-d461-4806-93e2-624cfbd52d4d SafeMoon has a fully diluted market cap of $4.3 billion (£3.07 billion) and a total volume of roughly $74.2 million (£53 million), increases of 42 percent and 142 percent respectively over the last 24 hours. The currency has the same aim as DOGE and hopes to push its value "to the moon", a phrase used to describe off the charts growth. SafeMoon is slightly different from the other blockchain-based cryptocurrencies on the market, which could give it an edge. Find more at: https://www.gate.io/ref/3216608

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