5/21/2023 0 Comments Safemoon token![]() According to the price prediction website Wallet Investor, SafeMoon is expected to rise to $0.00179 by March 2022, $0.00254 in January 2023, 0.00335 in January 2024, and $0.00429 by January 2025. Like Besmir, a number of wallet investors gave a positive outlook. “We are all optimistic that we will see a price increase in the near future.” “I’ve been there from the beginning and trust the team, community and project,” a SafeMoon investor Besmir Zuta told FX Empire. Many investors view SafeMoon V2 as the key to unlocking new all-time highs. ![]() This means that V2 has upgraded contracts that have the capacity to change the coin’s consolidation formula.Īdditionally, SafeMoon carries features such as increased security and accessibility. The crypto upgraded from SafeMoon to SafeMoon V2 in December 2021, which brought in a new total SafeMoon supply of one trillion.īy upgrading, the crypto consolidated its tokens to a 1000:1 ratio. Remember just because you make money off of a ponzi does not change the fact that it is a ponzi. The likeliness of losing all funds: Absolute.”Ĭrypto analyst Lark Davis compared SafeMoon to BitConnect which ended up being a Ponzi. He could pull LP and sell tokens, creating a rug pull. “Owner owns more than 50% of the liquidity and refuses to fix it. For instance, a Twitter user that aims to expose crypto scams said in a Tweet, ![]() Few critics also worry about the manual coin burns which might reduce its circulation.įrom the critics’ point of view, crypto appears to be an extremely high-risk speculative investment. SafeMoon’s design had produced a loyal group of early investors, but it has also opened the crypto up to criticism from industry experts and skeptics.įor instance, the crypto was referred to as a Ponzi scheme, pump and dump, an allegation that was denied by the company’s CEO. And, if investors were to sell at the dip, they would not only incur capital losses but also a 10% penalty. The main concern spinning around investing in this crypto is that, like the value of stocks and shares, the price of a SafeMoon coin could fall. Also, no major vendors accept SafeMoon as a payment method, and it is difficult to trade it for fiat currencies.Ībove all, since these trading and cryptos are not regulated mostly, there is a high risk that there won’t be any protection if things go wrong. On the flip side, SafeMoon has been subject to a number of disadvantages like its extreme volatility and lack of liquidity. This process creates increased scarcity, thus raising the crypto price.ĭata show that more than 400 trillion SafeMoon tokens have been burned so far.
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