Binance Smart Chain Grows Stronger with Safe Projects like SAFERmoon
NEW YORK CITY, NY / ACCESSWIRE / May 7, 2021 / Bitcoin led the charge in bringing cryptocurrency knowledge to the broader public. Ethereum followed, and now the Binance Smart Chain (BSC) is making significant strides towards becoming the chain around which the next mainstream cryptocurrency market will be based.
BSC GROWTH
From February to March of 2021, unique BSC addresses (which can be very roughly equated with number of investors) jumped from ~1.4 million to 57 million. Daily transactions jumped from 650,000 in February to 9+ million in May.
With this growth came a dramatic increase in projects. One such project, called SafeMoon, promised safe rewards for investors, who drove SafeMoon s market cap (MC) over $4.5b in April 2021. However, SafeMoon s market cap has since lost half its value after reports related to its lack of security for its users and a poorly-received live-stream.