Being a Crypto user, you might think, what is SafeMoon Cryptocurrency? Is SafeMoon legit? Would its price reach the Moon? Well, don’t tire your brain cells anymore, as this article will briefly explain the SafeMoon cryptocurrency and its scope in the future.
● It can be burned
● It can be accumulated.
● It’s totally under the control of the community.
SafeMoon aims to address the two concerns that give a massive blow to the crypto world: early selling and extreme volatility.
The aim is achieved by charging a 10 per cent financial penalty for selling SafeMoon. For instance, if you sell 100 dollars worth of SafeMoon, a 10 dollars fee is taken as a fine. Half of the 10 dollars are distributed among the loyal holders, and the phenomenon is known as Statistical rewards. The remaining $5 gets burned.
According to SafeMoon creators, the penalty and reward mechanism persuade users to keep their assets instead of selling them abruptly on a sharp increase. Moreover, it also maintains the liquidity pool, thereby maintaining the sustainable lower price cap.
While investing in SafeMoon, you should always be ready to lose your money. Moreover, as a new coin, it isn’t available on all crypto exchanges. Hence, analysts warn about making significant investments in the hope of spectacular price hikes. Always go for it when you’ve got a good understanding of the crypto world.
As per the latest updates on Coin Cap, SafeMoon has a current price of USD 0.000002 and a 24-hour trading volume of $ 17,822,624. In the last 24 hours, SafeMoon experienced a 23 per cent increase. However, the initial price at the time of its launch was $0.000000001. For instance, if you had invested a dollar’s worth when it was first introduced, you’ll probably be a millionaire and landed above the Moon today. So you might think, SafeMoon will reach the price of Moon?
As per expert analysis, possibly SafeMoon can reach $1 in 2022. But there’s always a chance that the market would collapse, causing the value to decline
The value of a SafeMoon coin is expected to climb to $0.000051 in one year and $0.000237 in five years, according to WalletInvestor. Meanwhile, Digital Coin forecasts a SafeMoon of $0.00000870 in a year and $0.00001690 in five years. These are, of course, simply projections, not guarantors.
Crypto trading, unlike other stocks, is highly volatile and unpredictable. Although SafeMoon value has undergone a dramatic hike since its birth, there are more than 2000 cryptocurrencies in the past; for instance, Dogecoin reached the same heights but failed. Therefore, invest what you can afford to lose, keep studying market trends, and don’t let slogans like -crypto prices going over the Moon trap you.