Crypto currencies have really taken off the past year, and shows no signs of slowing down. We will be talking about SafeMoon, a crypto currency that has been getting a lot of buzz on the internet.
What is Safemoon
Safemoon is a coin released in March, 2021, that gives incentives to buyers and penalizes sellers, the penalty is all sellers coins will be burned. Seems interesting enough right? On April 16th, SafeMoon Crypto claims to have raised $700,000 for new exchanges with the help of donors to create a new token exchange (source).
Lets take a look at the price action
The current price of Safemoon is 0.0000269 and is up 58% on 18 million dollars in volume. The chart looks like it’s up a lot so, if you are looking to buy I would wait for a pull back.
How to Buy Safe Moon
- Download Trust Wallet.
- Purchase BNB
- Make the swap.
- Use the swap to buy safe moon.
The Bottom Line
Safemoon is a brand new coin and is in it’s infancy. I would tread these waters lightly considering how high SafeMoon has shot up over the past several days. SafeMoon seems to have taken off after the Doge coin phenomena which ran massively this year from .002 all the way to .50 before dropping 30% from it’s highs. These types of investments are big risks but can be rewarded as well. Have fun and happy trading.
Disclaimer: I am not an investment advisor, you may lose your entire investment based on my opinions. This article is for entertainment purposes only and should only be viewed as such. Crypto currencies involve high risk and we are not reliable for any loses one may take buy purchasing any stock or coin. We have no holdings in SafeMoon