Editor’s note
The information on this page should not be used as investment advice. Tom’s Guide can not tell you whether you should invest in a particular cryptocurrency, or in the market as a whole. Crypto prices can go down as well as up and you could get back less than you put in.
SafeMoon is one of the newest and fastest-growing cryptocurrencies, even in a market that’s recently seen Bitcoin and Ethereum reach record-high values and even the tongue-in cheek Dogecoin growing by over 11,000%.
Even so, SafeMoon is a most unusual digital currency, as it imposes a penalty on anyone who tries to trade their coins (or “tokens”). Only a few weeks old, its sheer newness also might lead some potential crypto buyers to see it as an unknown quantity.
