Arslan Butt
Although it resembles the popular Shiba Inu and SafeMoon token, SafeMoon Inu is not affiliated with either. Many anticipate future success for SafeMoon Inu because it resembles these ventures. On Thursday, the SafeMoon Inu price is up 10.48% in 24 hours and 13% in seven days.
SafeMoon Inu has modeled after the successful cryptocurrency projects SafeMoon and Shiba Inu, which launched in late 2021. But SafeMoon Inu is not affiliated with either of these initiatives; it just utilizes their names for marketing purposes.
Given its recent performance, is it a good time to buy Safemoon Inu? To answer this question, let’s consider the Safemoon Inu price prediction and technical analysis.
What is SafeMoon Inu?
The official website describes SafeMoon Inu as a “community-driven meme and gaming token,” which means that its success greatly depends on the achievements of those who have come before it.
What purpose does SafeMoon Inu serve?
The first key use of the SafeMoon Inu token is to generate passive earnings. A technique is known as “Anti-Paperhand,” which functions similarly to static rewards. For instance, the SafeMoon Inu team takes 2% of each SMI transaction as a fee, then splits it evenly among all the token holders.
This Anti-Paperhand mechanism is meant to do the same things that yield farming crypto platforms do, but without requiring token holders to freeze their assets. In addition to its potential for passive income, SMI will find application in the blockchain gaming industry via the forthcoming ‘SMI Play function.
SafeMoon Inu price & Tokenomics
The current SafeMoon Inu price is $0.000003, and the 24-hour trading volume is $21,921.26. SafeMoon Inu has increased by 10.48% in the previous 24 hours. CoinMarketCap now ranks #1102, with a live market cap of $2,882,775. It has a circulation of one million,000,000 SMI coins and a maximum supply of one million,000,000 SMI coins.
SafeMoon Inu Price Prediction
Although the SafeMoon Inu token has made an excellent recovery recently, it’s still hovering near its all-time low. At the moment, SMI is consolidating in a narrow trading range of $0.0000020 to $0.0000060. A breakout of this trading range will likely determine SMI’s next movement.
SafeMoon Inu Price Chart
In the event of a bearish breakout, SMI’s immediate support will prevail at $0.0000014. At the same time, a violation of a double top resistance level of $0.0000060 can potentially drive further uptrends. As a result, SMI may face the next resistance at the $0.000098 level.
Tamadoge, The Alternative, Has Real Utility
In addition to SafeMoon Inu, Tamadoge, the meme coin, remains in highlight due to its phenomenal performance in pre-sale. Tamadoge, one of the most well-known ERC20 tokens, takes an unorthodox approach by combining meme currency concepts with play-to-earn (P2E) gaming elements.
By capitalizing on the widespread appeal of the “Doge” aesthetic, Tamadoge seeks to become the premier meme currency. Like the best play-to-earn games, Tamadoge gives its players the chance to profit steadily from their efforts.
Tamadoge Pre-Sale Live
So far, the pre-sale of Tamadoge tokens has shown great performance, having sold more than 95% of the total supply set for pre-sale. The pre-sale of one of the most talked-about and rapidly growing cryptocurrencies is still ongoing at buy.tamadoge.io; however, nearly 70% of its hard cap ($19 million USDT) has already been sold out.
Tamadoge on Social Media
- Website – tamadoge.io
- Instagram – @tamadogecoin
- Reddit – r/TamadogeOfficial
- Telegram – t.me/tamadogeofficial (admins will not DM you first)
- Twitter – @tamadogecoin
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This article was written for Business 2 Community by Arslan Butt.
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