Is Alchemix the New SafeMoon?

SafeMoon has taken the cryptocurrency industry by the scruff of its neck after its launch.
Since its inception, SafeMoon has experienced a massive upward price movement by over 900% to reach an all-time high of $0.00001399

SafeMoon – Safely To The Moon

SafeMoon is somewhat of an oddity as it goes on to restrict the sale of the cryptocurrency through the imposition of a 10% fee on sellers of the token. 5% of the fee is distributed to holders of the token as a means to encourage the holding of the cryptocurrency.

Despite SafeMoon’s popularity, there exists widespread speculation that the project may be a Ponzi scheme.
Cryptocurrency influencers like Lark Davis and War on Rugs have cast aspersions on the reward mechanism of the whole project.
They hold the opinion that the reward mechanism of SafeMoon is just another big Ponzi scheme.
Is Alchemix the New Safe Moon?

Alchemix has also undergone a similar meteoric price rally which has seen it reach a whopping $1,476 within a few months since its launch.

The last 7 days have proven to be iconic for Alchemix as the token climbed to a whopping $11,060; its new all-time high. This massive surge in price can be likened to the huge leaps made by SafeMoon over the last few weeks.

Just like SafeMoon, Alchemix has impressive figures backing the project. The project has a Total Value Locked (TVL) of 1,646,182,841 while trading volume within the last 24 hours is up by an impressive 97.69%.

Is Alchemix the New SafeMoon?

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