Can FIREPIN Token (FPRN) Follow in the Footsteps of SafeMoon (SAFEMOON)?

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For a new cryptocurrency, the instantaneous success that SafeMoon (SFM) had following its launch is something I would predict all cryptos would want to replicate.

SafeMoon will soon be celebrating the one-year anniversary of its launch this month and what a year it's been for the cryptocurrency.

Founded by CEO John Karony, a former analyst for the United States Department of Defense, SafeMoon’s instant surge was a shock to the cryptocurrency market as the altcoin’s value increased by over 23,000% between March 14 and April 21, 2021.

Helped by endorsements from celebrities like Lil’ Yachty and Logan Paul, SafeMoon essentially went viral on social media and was listed on several exchanges including the likes of PancakeSwap and BitMart, with the latter announcing the listing in January 2022. 

The crypto insists on holding onto the coin for the long term and its 10% fee on each SafeMoon transaction means 5% of the sale is redistributed back into the wallet of the SafeMoon holder.

Just to illustrate the escalation of SafeMoon’s initial rise, a USD 1,000 investment when its price was USD 0.0000000010 would have bought 1 trillion tokens worth USD 3.15 million, after the 10% transaction fee.

Despite early claims of SafeMoon being a Ponzi scheme, the crypto has a Skynet security code of 85 out of 100, following an audit by CertiK, the leading security-focused platform that assures the safety of DeFi projects and blockchains. 

SafeMoon’s V2 release in December 2021 was an updated version of the crypto’s contract and will be the springboard for the launch of its blockchain and cryptocurrency exchange on top of the SafeMoon wallet app