The Safemoon cryptocurrency trended in Twitter in miners’ effort to increase its value.
‘Safemoon Squeeze’ trended in the popular social media site Twitter where it grabbed the 11th spot in the U.S. area. While the cryptocurrency world is not really a stranger when it comes to making it into the trending lists as well as memes, this surprising surge of interest in Safemoon can allude to the effort of the users to increase its value.
While the details in terms of the reason behind the sudden trend might be unclear, it remains to be seen that it might be due to the forum post that was published on Reddit last Sunday, claiming that the official announcement on the ‘Safemoon Squeeze’ has been launched. Although the authenticity of the Reddit post was a tad questionable, it did serve its purpose as Safemoon skyrocketed to the trend lists on Twitter.
Nowadays, cryptocurrency has received fewer favors due to its unsustainable mining in the environment, therefore resulting in lower prices. However, the Reddit post as well as its positive responses did wonder for Safemoon. This is because while the cryptocurrency saw a downfall in its value for the past few days, it did witness a favorable rise after the post. This, in return, proved the influence that social media has on cryptocurrency, owing to the fact that Elon Musk can easily bring down the crypto world or make it rise.
SafeMoon notably entered the crypto market in late March of 2021 as it presents an alternative as well as a competent for Bitcoin. It is also undeniable that it has garnered popularity even in such a short time, therefore marking its potential to turn the course of the crypto market upside down for better or for worse.
Cryptocurrency, meanwhile, has been well known for its unpredictability, and so in the last few days, we have seen proof in its prices falling below what was projected, along with the hearts of the holders. However, it seems that SafeMoon has gotten itself a gateway in order to play it safe during these times all in one single post. At this point, it could either be for the better or for the worse for the cryptocurrency, given the fact fluctuations in prices are still lurking despite it being able to make it to the trending list. What’s left, however, is to hope that the squeeze can help mend the currency’s broken roads in order for it to make it to the top. Moreover, whether the ‘squeeze’ can be a gamechanger will have to depend on how the users themselves pump it.
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SafeMoon is only one of the cryptocurrencies to hit the market. With the ongoing trend, it is possible that more will come to take on Bitcoin. Mine SafeMoon with your ASUS ExpertBook B9450 or your ASUS F512DA-EB51 VivoBook.