SafeMoon

<div class="finbold">
 <p class="paragraph">While SafeMoon (SFM) seems to have dropped from the radar since its high in 2021, new updates continue to be published. The most recent of these – wallet update v3.50 – was revealed on X on the evening of October 31, 2023.</p>
 <div></div>
 <p class="paragraph">Users will now be able to send and receive Cardano’s native ADA in the multi-coin menu (Moonpay supported), and the wallet will be equipped with a new dApp, and UI improvements made to help users track supported chains, according to SafeMoon’s official X account.</p>
 <p class="paragraph">SafeMoon also stated that it has revamped the way notifications work. An account’s transactions have been moved into the Transaction history, while the Notifications History is now focused on news and updates.</p>
 <p class="paragraph">The announcement also revealed that version 3.50 is also bringing numerous other bug fixes, the most notable of which concerns issues with displaying TradingView charts for “Top Gainers and Losers” on iOS devices.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Welcome to the latest #SAFEMOONWALLET update (v3.50)! #SAFEMOONARMY, we are thrilled to let you know support for Cardano (#ADA) is now available! You will now be able to view, send, receive, and buy from #MoonPay in the Multi-Coin Menu!<br><br>But hold onto your seats, because… pic.twitter.com/InXtafoWur</p>— SafeMoon (@safemoon) October 31, 2023
   </blockquote>
  </div>
 </figure>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/01/e1dcfb101b20d65a4376f941e98bb25f.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-sets-bitcoin-price-for-november-30-2023">Machine learning algorithm sets Bitcoin price for November 30, 2023</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/01/512d9b6eecb0a24fdcc8e9079a5fe989.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-sets-shib-price-for-end-of-november">Machine learning algorithm sets SHIB price for end of November</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/10/31/f20431f8331d2b6fcb5bb8c497fa1881.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="3-cryptocurrencies-with-the-biggest-gains-in-october">3 cryptocurrencies with the biggest gains in October</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/01/592ecbd0a8252a4e1b7fdfbd4859b988.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="cardano-tops-developer-activity-charts-in-october-leaving-dot-hbar-behind">Cardano tops developer activity charts in October leaving DOT, HBAR behind</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2023/11/01/f44291aa4efacde13efb4adfffd59461.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-sets-xrp-price-for-november-30-2023">Machine learning algorithm sets XRP price for November 30, 2023</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Following the update, the users will have to accept the new End-User License Agreement (EULA) and the Privacy Policy has also been tweaked. When responding to a commentator on X, SafeMoon also hinted that support for Algorand (ALGO) may be coming in the <a rel="noopener noreferrer nofollow" title="future" href="https://thebittimes.com/tag/future.html">future</a>.</p>
 <h2 class="wp-block-heading" id="h-safemoon-reaches-summer-highs-after-update">SafeMoon reaches summer highs after update</h2>
 <p class="paragraph">The price of SafeMoon’s token also reacted positively to the news. Its price rose by more than 5.5% over the previous 24 hours and, at the time of writing, stands at $0.00020623 – just below its July high of $0.00021663.</p>
 <figure class="wp-block-image aligncenter is-resized"><img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/wV9ZXrejIeUMAph4wDw-3VWHbWWwmtuYP3iFIx3yasF43lumwMt4m8ISXSO_5nNf7yLMFwakMWOAxfV8BzNjQVHbtCAI3YaeoCGFktLlZypOo57A_Q0PVk0S4T7vsQY9xqScI9TtJAIA1s6n3Zfc2YI" alt="SAFEMOON 1-day price chart. Source: Finbold" width="834" height="556">
  <figcaption class="wp-element-caption">
   SAFEMOON 1-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">This latest movement has put an end, at least for the time being, to a decisive downtrend SafeMoon has been experiencing over the previous three months. Still, despite the update, the token is significantly down from its all-time high of $0.00285, which it had reached only weeks after launching in March 2021.</p>
 <p class="paragraph">Despite its attempts at recovery, including a December 2021 upgrade that saw improvements in security and accessibility, SafeMoon has been mired in controversy. It has been described as a meme coin only months after launch, accused of being a Ponzi scheme around the same time, and even became the target of multiple lawsuits throughout 2022.</p>
 <h2 class="wp-block-heading" id="h-safemoon-s-continuous-trials-and-tribulations">SafeMoon’s continuous trials and tribulations</h2>
 <p class="paragraph">Despite the continuous work to fix the issues, SafeMoon’s <a rel="noopener noreferrer nofollow" title="future" href="https://thebittimes.com/tag/future.html">future</a> remains very much in the balance. Additionally, the latest uptrend has hardly put a dent in the token’s decline, as it is still nearly 94% in the red from its all-time high.</p>
 <p class="paragraph">Additionally, lingering concerns surrounding SafeMoon’s tokenomics remain, and it has, so far, failed to provide a viable use case. None of this, however, means that it is doomed.&nbsp;</p>
 <p class="paragraph">Over the years, SafeMoon has not only continued offering updates and improvements but has also scored some legal victories like the voluntary termination of a class-action lawsuit filed in May 2022.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice.</em> <em>Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/does-safemoon-have-a-future-tbt68636.html">https://thebittimes.com/does-safemoon-have-a-future-tbt68636.html</a></p>

Does SafeMoon have a future?

Table of Contents

TheBitTimes

Other articles published on Nov 1, 2023

Cubist Launches Wallet-as-a-Service Platform for Millisecond Latency Remote Signing Inside Secure...

X (Twitter), a Field of Ruins: Blame the ‘Dogefather’ Musk?

Sam Bankman-Fried’s High-Stakes Trial Nears its Climax!

Circle to End Support for Consumer Accounts in Strategic Shift

Figure Announces Its Newest Lending-as-a-Service Offering

Binance to axe Russian ruble payment gateway

Join our free newsletter for daily crypto updates!