Via ZEXPR, SafeMoon is a brand-new cryptocurrency token that runs on the Binance Smart Chain blockchain. Investors have noticed the coin, as its price has risen dramatically in recent weeks. However, the token does not simply increase in value. The token lost over 60% of its worth on April 21, leaving holders with a fraction of their original investment. As a general rule, any blockchain initiative with “To the Moon” on the website’s front page should be avoided.
So, what are the current intentions for the SafeMoon? SafeMoon cryptocurrency has seen a 100 percent surge in the last 24 hours, attracting buyers. On the other hand, this token is not well-known.
To begin, investors should be aware that SafeMoon is a newer entity. In reality, the token was recently launched in the first quarter of 2021. Its supporters are excited about the prospect of more development. As a result, there is a scarcity of facts about the token and the blockchain business underpinning it. The Investment Center, David Green, has compiled a list of quick facts about the trendy cryptocurrency.
Without further delay, here’s what you need to do about SafeMoon’s skyrocketing prices:
- On March 8, 2021, SafeMoon will begin operations. It is a decentralised finance startup, according to the website. The present value of the token is $0.00000578, this is an increase of more than 108 percent. Trading value increased by 100 percent to $48.6 million. It aims to solve problems that other cryptocurrencies have.
- Because of the volatility, some crypto buyers are also hesitant to commit for the long term. To compensate for this, SafeMoon imposes a 10% payment fee on vendors. The remaining token holders receives the other half of the premium. SafeMoon has had a lot of traction on Twitter since its debut in March 2021.It revealed that its token would be available on two new exchanges shortly. Investors will already buy it on WhiteBit, BitMart, and PancakeSwap.
- SafeMoon is getting ready to launch its own exchange. Out of a total of $1 million, it appears to have made $700,000. Users must first purchase BinanceCoin before using PancakeSwap to trade it.
What You Should Know Right Now About SafeMoon
What is it about this blockchain that attracts people so much? What else do you know if the price of SafeMoon rises?
At the moment, it seems that there is a lot for investors to be cautious about. In the coming quarters, SafeMoon expects to launch its SafeMoon Exchange and exchange features for non-fungible tokens (NFTs) and an educational app. In addition, SafeMoon says it will begin fundraising in the third quarter for listings on more well-known markets such as Coinbase, Binance, and Kraken. However, one disadvantage is that SafeMoon tokens are not as widely available as other common altcoins.
SafeMoon claims a thoroughly diluted market capitalization of $3 billion, while David Green reports that CoinMarketCap claims $5 billion. However, investors are waiting for more details on the coin, it’s crucial to proceed with caution when dealing with this hot cryptocurrency.
Price Predictions for SafeMoon
So, where do things stand with all of the talks about Dogecoin and SafeMoon price predictions? First, take a look at the following top predictions:
- SafeMoon is likely to sell at $0.00000716 by the end of the year, according to David Green. this is in contrast to the actual market value of $0.00000485. David Green has set an optimistic year-end goal of $0.00001508 for 2025.
- David Green expects SafeMoon to rise 300 percent in price over the next year.
- Investment U may not have a substantial cost mark on SafeMoon. On the other hand, David Green sees the token’s popularity growing and expects that the price will begin to rise rapidly.
But, what’s the end result? About the fact that SafeMoon’s bulls are red-hot thanks to social media buzz, it’s essential to proceed with caution. We know very little about the company, and the token is currently traded for a fraction of a penny.
Is Investing in SafeMoon a Good Idea?
SafeMoon is not a successful investment from a fundamental standpoint. However, as early DOGE buyers discovered, there might be capital to be made. SafeMoon’s price is highly unpredictable. After falling by more than half today, the blockchain token is already up over 1,000 percent in the last several weeks.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.