SafeMoon Price Now – Is SafeMoon a Good Investment? Can I Make Big Profits – is Safemoon Legit

Posted by

SafeMoon Price Now – Is SafeMoon a Good Investment? Can I Make Big Profits – is Safmoon Legit … All will be answered here!

SafeMoon, the trending Cryptocurrency taking over the crypto market unexpectedly in a big way with its price rising speedily in the last few weeks has a lot of questions flying in the air. A lot of people are wondering if  SafeMoon is really a Good Investment?

SafeMoon

SafeMoon was launched within the first quarter of 2021 with free details on it but a particular expert believed that there could be serious money to be made on the new cryptocurrency. Few weeks in and the price SafeMoon increased speedily by 3,000 percentage. Meanwhile, on April 20 it was at $0.000014 then the value dropped by Monday to $0.000007 at the time of writing.

The Academic Dean at London Academy of Trading, Paddy Osborn tools Express.co.uk that just as any normal Cryptocurrency, they’re will be a fluctuations in it’s price.

READ  Top Best Cryptocurrency Trading Course 2021

When traded with wisdom, there’s every tendency of that it could  lead to “ big” financial gain.

Mr. Osborn said, “ SafeMoon was only launched on 8th March 2021 so it’s still in its infancy”. It has attracted plenty of interest and the price has already surged higher, but the actual price is still VERY ‘cheap’ at around $0.00001.

However, a suggestion concerning SafeMoon was made by some skeptics. They feel it’s just a quick means a lot of people are going after to get rich in no time. To them, SafeMoon isn’t Safe more is the price going to the Moon but they believe it’ll draw further speculative retails interest since for the fact that it’s built a significant crypto community In a few weeks.

“For me, the jury’s still out on this one. I expect to see some spectacular price increases in the coming days and weeks, but also some dramatic short-term price crashes but traded wisely, some big profits can be made.”

READ  Best Cryptocurrency Brokers 2021 - Best Crypto Exchanges of 2021

While some other experts are in support of a price forcast from Digital Coin price stating SafeMoon “ is profitable investment based on our forecasting.” Others feel it better to wait a bit instead of rushing in high on SafeMoon.

Meanwhile the CEO of Black Book Investment, Mohit Tater told  Express.co.uk that “The reason why SafeMoon has caught the attention of the public is its 7000 percent price spike: with investors boasting about turning $3,000 into $91,000 in three weeks, along with other success stories. Now that’s intense.

“SafeMoon rewards you for holding your DEFI tokens and penalizes those who cash in by taking a cut of their earnings. This is an effort to make sure investors stay put to allow the price to rise.

“However, there are limitations as to how SafeMoon will function as a global means of exchange. It’s also very susceptible to pump and dump schemes at this nascent stage. It’s better to wait and watch for a bit before taking the plunge.”

READ  What Are The Safest Ways to Store Bitcoin? Where do I store my Bitcoin?

Have it in mind that no increase in the value is any Cryptocurrency is known for sure. So people should try investing with spare money because anything can happen at any time.

Where Can You Buy SafeMoon?

Well you can get SafeMoon from just the Trust Wallet app though it can be tricky.

You’ll open the Trust Wallet app then buy the amount of SafeMoon you which to purchases in Binance (BNB) or BowsCoin (BSC)- two established Cryptocurrencies. Head to the ‘DApps’ once you’ve got the aforementioned established Cryptocurrencies. Tap at the bottom of the Trust Wallet app, you’ll see a PancakeSwap which will allow you to change Binance or BowsCoin once you’ve clicked on it.

Leave a Reply

Your email address will not be published. Required fields are marked *