Cryptocurrency and digital transactions have never been this profitable. They have reached a wider range of investors and have grown to be versatile and cost-effective. They function as trusted modes of exchange and come with tons of advantages. With added safety, privacy, and lack of inflation, they operate instantaneously.
Two of the understated yet fast-growing cryptocurrencies in the market today are Dogecoin and SafeMoon. They are quite exciting and beginner-friendly. With lower conversion rates, the conversion of Doge to SafeMoon is also simple. Here are the benefits of the currencies and details of where they fall short for crypto enthusiasts and speculators.
Dogecoin: An Overview
Initially created as a joke, software engineers Billy Markus and Jackson Palmer founded the currency in 2013. It was among the growing rage and wild theories of profits from cryptocurrencies. With the logo of the Doge meme, the DOGE currency was introduced to ridicule the speculations. It also referenced the meme in the crypto market.
Yet many considered the currency a legitimate investment prospect with potential. It had a small community of followers online. In 2021, the currency reached high market capitalization after the frequent celebrity endorsements. Owing to the popularity of both satirical tweets and promotional social media influence, it found its benefits.
The volatility was perfect for beginners and traders who wish to finish their investments within one day. The extreme swings in the value of the currency also helped. In May 2021, Dogecoin has ranked to be the 4th largest cryptocurrency in the market. Another positive is the low energy consumption of the transactions in comparison to other currencies.
SafeMoon: A Synopsis
The cryptocurrency has been on the market since March of 2021. It functions on a Binance Smart Chain blockchain. There is an impeccable similarity to Dogecoin, which also fits in with the meme coin category. With special features for holding on for the long term, the currency has a 10% transaction fee on the sale. The prices exploded in weeks and facilitated decentralized exchanges.
SafeMoon has guaranteed early returns and staggering numbers in the first few weeks. As risky as it sounds, it has also promised returns on investments for enthusiasts. Yet, there is vague information about the currency on the website. The SafeMoon wallet is still under development and is currently in beta testing.
Are They Smart Investment Options?
One of the best advantages offered in both is the lower value and higher volatility. For fixed and floating rates of exchange, visit https://letsexchange.io/. They also attract fresh investors and use a pump and dump mechanism. It causes occasional yet high surges great for day investors. They are great choices for unpredictable and rogue currencies for one-time and quick investments. that also facilitate easier transfers, conversions from Doge to SafeMoon, and decentralization.