SafeMoon is a Cryptocurrency with about a $2.5 Billion Market Cap. It is a digital currency that exists solely online. It is Powered and Distributed by Ledger Technology. This particular coin taxes every transaction and redistributes the token to its holders. It was created by Binance Smart Chain. The currency opened signups today for a closed Beta Version of its wallet. SafeMoon was designed in a way to encourage long-term investment. There is a 10% fee on every transaction may it be selling or buying. The tax collected will directly to the liquidity pool. CertiK the Blockchain Security Firm found out during an Audit that SafeMoon owners acquire the tokens created from the pool. This gives the control of the token back to the owners. CertiK flagged the issue and suggested an improvement in its Security Features. The Developers manually reduce its circulation in an effort to increase its price.
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Should You Buy The Coin
Ever since it first appeared the coin has been extremely volatile. As in its price rose up to 20,000 times before dropping to more than 80%. Since Crypto is not exactly a central currency and therefore not accepted by governments. Countries’ responses have been inconsistent at best. Some responded by downright banning cryptocurrencies while some implemented hefty taxes. Another factor to consider is that the price predictions are not reliable. However, The Prices shoot up and come crashing down. Furthermore, The name SafeMoon is a play on the token being safe and the prices going to the moon. Some investors think that it’s a red flag.
If you are looking to get out of soon you might be in for a surprise. The coin is designed so as to promote long-term investment. Furthermore, there is a 10% fee on every transaction. Another thing to note is that SafeMoon doesn’t have a lot of options when it comes to exchanging. The token can be bought and sold on Pancake Swap.
SafeMoon Price Prediction And Should You Buy It
The price of SafeMoon is estimated to reach $0.0000036 by the beginning of December 2021. And the expected minimum price is $0.0000031. The end of the month prediction is about $0.0000036. For the year 2022, we expect to see a consistent increase in price for the rest of the year. SafeMoon was designed to encourage long-term investment. And you should keep that in mind before getting into it. One other thing is that’s its prices have been consistently volatile and its prices have been literally a Rollercoaster ride.
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