SafeMoon launches V2 with faster contract execution, setting prices up for a breakout


  • SafeMoon V2 upgrade enhances the security, quality and accessibility of contracts on the network.
  • CEO John Karony has revealed an upcoming exchange listing.
  • SafeMoon is adding new pairs to the swap based on a recent announcement.

Community-driven DeFi token SafeMoon has made it to the top 100 cryptocurrencies by market capitalization. SafeMoon prepares for a comeback with the upcoming V2 upgrade. 

SafeMoon price ready to break out with coming upgrade

SafeMoon’s upcoming upgrade, V2, is expected to enhance the token’s security, quality and accessibility. The SafeMoon community widely anticipates the launch of the V2 upgrade, and investors expect SafeMoon to recover from the recent drop in price. 

With the V2 upgrade, SafeMoon contracts will have additional use-cases, driving the token’s adoption higher. 

As of November 9, SafeMoon has 2,865,000 holders. There has been a consistent rise in the number of SafeMoon holders over the past two months. 

Ryan Arriaga, Global head of products at SafeMoon, announced the addition of three new pairs in swap. 

SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:

SafeMoon app has crossed 600,000 downloads. The team has announced that Bitcoin and Dogecoin will soon be added to the wallet. The partnership with Unicrypt, the multi-chain decentralized protocol, has kept V2 consolidation on track. 

The token is listed on over 12 crypto exchanges and posted a 3% drop in price over the past 24 hours. 

The V2 upgrade is on schedule for launch, and the addition of new pairs to swap has increased the accessibility of the token for holders. 

According to Karony, SafeMoon could soon be listed on top cryptocurrency exchanges, increasing the accessibility of the token. 

A cryptocurrency analyst at the YouTube channel “Broke Man Finance” has analyzed the SafeMoon price trend and predicted that the token would likely hit a new all-time high soon. 

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Celebrity meme coins controversy continues amid Pump.fun revenue dominance

Celebrity meme coins controversy continues amid Pump.fun revenue dominance

Pump.fun outperformed the Ethereum blockchain on Tuesday after raking in $1.99 million. Following this achievement, a meme coin based on actress Sydney Sweeney was the subject of controversy after its developers dumped their bags on investors.

More Meme Coins News

PEPE's on-chain metrics indicate potential rally after weeks of silence

PEPE's on-chain metrics indicate potential rally after weeks of silence

PEPE has struggled to see any significant price move after reaching an all-time high in May. Increased adoption rate and low MVRV ratio indicate a bullish run may be on the horizon. A single PEPE outflow from Binance worth $14.7 million gives credence to signs of bullish expectation.

More Pepe News

Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF

Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF

Ethereum (ETH) is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.

More Ethereum News

Crypto community blasts Polkadot following report of treasury spending

Crypto community blasts Polkadot following report of treasury spending

Polkadot reports $87 million of treasury spending during H1. Crypto community members expressed harsh feelings toward the DOT team's high spending. DOT is up more than 2% in the past 24 hours but risks correction following the report.

More Polkadot News

Bitcoin: BTC price correction could end in July, according to seasonal data

Bitcoin: BTC price correction could end in July, according to seasonal data

Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.

Read full analysis

BTC

ETH

XRP