The SafeMoon dev team has been working like crazy on the wallet since it was launched, fixing bugs and updating features. In this article, I’ll be showing you the latest SafeMoon wallet update that will make SafeMoon hit $0.01.
Safemoon wallet update
The launch of the SafeMoon wallet was a personal victory for the SafeMoon army and dev team. With the wallet being three times delayed and the surrounding drama that followed Hank quitting the team and making a huge fuss about it, many said the wallet would never be launched.
However, it’s been a few weeks since then and the SafeMoon Wallet has been launched on both Android and iOS platforms. Altogether, there have been over 330,000 downloads with the wallet ranking in the top 25 across several continents both in the Google PlayStore and the Apple Store 24 hours after its launch.
Even though the wallet has performed more than impressively since its launch, the dev team has not rested on its oars. Bugs have been fixed and a few key updates have been made. Beta testers who have tested and reviewed the wallet have nothing but a bullish outlook for SafeMoon after using the wallet.
When the dev team failed to meet its target for the release of the SafeMoon wallet three different times due to what they explained as a technical snag, traders in the SafeMoon community started to panic. As a result, SafeMoon’s prices crashed considerably, hitting an all-time low on September 29th.
However, the token has since recovered from the price dip with the successful launch of both the android and iOS versions of the wallet. Beta testers have shared nothing but positive reviews of the app after testing certain features and updates.
Previously we told you about the update to the wallet that now allows wallet users to buy Binance Coin with one click of a button. Well, so far, the reviews from that update have been incredibly positive, indicating that the dev team did a fantastic job on the back end.
Now, CEO Karony has revealed more updates to look forward to on the wallet which means that SafeMoon is going to get even more bullish. But before we get to that, there has been a report of a certain wallet investor who bought $225,000 worth of SafeMoon.
Just a few days ago, on October 13, SafeMoon’stop 50 whale wallet dominance fell to below 15%. We also have word that Safemoondev has almost sold off his entire bag worth over 8 trillion SafeMoon, further reducing whale dominance in SafeMoon.
Altcoins in the top 30 typically have whale dominance, like Doge and SHIB, for instance. However, SafeMoon is distributed evenly across wallet addresses with different balances. This indicates that SafeMoon is less exposed to the whims and caprices of whale control and is, therefore, safer and less risky to potential investors.
Now, following the successful launch of the safe moon wallet, another whale has bought into the SafeMoon project, investing about$225,000 which, right now, is worth about 125 billion SafeMoon.
SafeMoon still has very low whale dominance but this purchase means that SafeMoon’s prices are set to rise again with the launch of the wallet. No better time to HODL, guys. Meanwhile, before we get to the update, there’s more good news.
SafeMoon is growing increasingly popular on social media as a certain Redditor share. According to Utradea, this tracker shows that SafeMoon is the 5th trending crypto on Twitter in the last 72 hours.
Hey everyone, Wanted to provide you an update with top trending on social media (mostly Twitter). SafeMoon is number five. The dashboard is a work in progress but so far, it has been useful to track trending crypto and gauge sentiment on social media.
Tracking Mechanics The algorithm pulls data from the Twitter APL. It then plots mentions with price over a given time frame. Right now, you can look at 72 hours, 1 week,2 weeks, and 1 month. We also display sentiment, number of posts, likes, retweets. The sentiment is determined using Spacy and a text classification dictionary.
The screenshot on the screen is pulled from the Social Sentiment Dashboard and shows the top trending tickers this week. And SafeMoon is number five, trailing after bitcoin, Ethereum, Shiba Inu, and Dogecoin. This indicates that retail interest in SafeMoonis increasing which should trigger another price rally very soon.
CEO John Karony fielded some questions in the SafeMoon Discord and his answers revealed some huge updates in the works for the SafeMoonWallet. First of all, there’s new hiring coming up. So, this along with the fact that SafeMoon now has a new HQ easily shows that SafeMoon is expanding.
This is definitely good news for the SafeMoon community because it means that bigger developments are coming and SafeMoon is going to be on a tear pretty soon. John Karony has teased that the new hire is an expert in the field of logistics.
Specifically, said person was once a vice president of operations in an organization in the field of logistics. In that case, this person, when hired, would have strong organizational and coordination skills at a scale that’s powerful enough to help SafeMoon achieve its vision.
And as you probably know, that vision is to be the fuel for the freedom of the unbanked. In CEO Karony’s opinion, this involves much more than providing folks the ability to store value. If you’ve been in the SafeMoon community for a while, you probably already know where Karony is going: Operation Gambia.
The SafeMoon team has been working hard on Operation Gambia for many months now. What exactly the project is about is not clear. But Karony has mentioned that it will help to facilitate innovation and learning in the little country of the Gambia.
The team has also hinted that there will be wind turbines involved, and speculations have run wild as to what roles the wind turbines would play in the plan. It does seem like there will be some IoT involved, though. But as usual, time will tell.
And according to the roadmap, that time most likely would be in December. In the meantime, the SafeMoon dev team continues to work on more products to be released, hopefully, before the end of 2021.
There’s the SafeMoon Exchange which will probably be launched after the V2 upgrade. By the way, the V2 and consolidation project should be finalized any moment from now.
John Karony mentioned that it would come right after the iOS wallet is released which means we can expect it soon. But while the community eagerly awaits that, we’ve also got the SafeMoon blockchain on the way as well.
Now, each of these projects, as the team has revealed, will have beta testers. And as this new update also suggests, there will be aggressive marketing campaigns surrounding each product really soon in order to drive more investors to these products.
Once again, the SafeMoon community has another massive price pump to look forward to. Already, the wallet has been updated to feature a BNB buy button that allows you to buy Binance Coin with one click.
Now, the developers have confirmed that there will be a reflection tracker both for SafeMoon and other custom tokens that also give reflections. The announcement of the reflection tracker resonated soundly with the SafeMoon community as a reflection tracker was a highly requested update among SafeMoon fans.
Anyway, with all of these updates along with SafeMoon’s increasing popularity on social media, SafeMoon has added another 40,000 holders in the past 12 days! So, right now, we have about 2.6 million holders and very few whale investors.
This is excellent news! And we can be sure that there’s definitely more on the way because aggressive marketing for the wallet should start soon which should increase the number of downloads and SafeMoon holders by a ton.
Disclaimer: This article does not encourage you to buy any of the cryptocurrencies / or investing at all. This is just the opinion of an amateur, not a financial advisor. Before investing in cryptocurrency, I recommend talking to your financial advisor and do your own research.