SAFEREUM Ranks First on CoinMarketCap’s Trending List

Bits Logics Team . 11th Oct 2023
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  • MEXC trading platform reported that it listed Safereum on October 11.
  • Five companies have audited Safereum to ensure security. 
  • Once SAFEREUM breaks out of the triangle pattern, it may hit $0.00002.

Crypto Trading Platform MEXC reported that it listed Safereum, a decentralized meme token on its platform on October 11. The launch of the Safereume ecosystem’s token, SAFEREUM is the fourth listing in less than a week, as per a reporter on Twitter. Launched on the Ethereum blockchain, the Safereum uses the ERC-20 token standard. Currently, SAFEREUM ranks first on CoinMarketCap’s trending list.  

Unlike other smart contracts, Safereum has been audited by five companies– SourceHat, InterFi Network, Cyberscope, SecureWise, and BlockSAFU. On its official Website, the company states its main purpose, which goes as follows: 

“In a market saturated with centralized, fleeting, meme-based cryptocurrencies, transparency and longevity are slowly fading away. It’s time for the crypto sphere to return to its roots with Safereum and make decentralized meme-coins great again”

The project has a total supply of 701.31B SAFEREUM out of which 45% of the tokens are allocated for pre-sale. 29.61% was initially burned, and 15.39% was allocated to the V2 Uniswap LP. LP tokens were locked for 1 year and will be extended in the future. The remaining 10% of the supply is held in a multi-sig wallet, reserved for future centralized exchange listings, and bridges, and to provide tokens for the V3 Uniswap LP. 

SAFEREUM/USDT 2-Hour Chart (Source: Dextools.io)

When looking at the chart above, it can be seen that SAFEREUM has been trading inside a symmetrical triangle pattern. Hence, there is a probability that the SAFEREUM could increase. In the event that SAFEREUM breaks out of the symmetrical pattern conventionally, there is a higher probability that SAFEREUM could reach $0.00001320, and with more push from the bulls it may reach $0.00002.However, in the event that it crashes, then, SAFEREUM might need support from $0.00000665. 

Disclaimer: The information and analysis are intended for informational purposes only. All views and opinions expressed should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research before making any investment decisions. Any actions taken based on the information presented by BitsLogic are at the reader’s own risk. The author or any affiliated parties shall not be held liable for any direct or indirect damages or losses resulting from such actions.