Are you wondering if now is still a good time to buy SAFEMOON? Or, maybe you are unsure if SAFEMOON is safe to invest in due to the numerous reports of pump-and-dump.
If you are a novice to the world of SAFEMOON investing, you might be wondering if SafeMoon is a good investment. You may have been a part of the millions of potential traders that have contributed to the trending of the keyword, should I Invest in SAFEMOON?
Well, the easiest answer to the 2 questions is YES.
This is because SafeMoon is likely a good investment and investing in SAFEMOON could pay off big time.
SAFEMOON has increased significantly ever since it became a crypto trading asset at the start of March 2021. Due to the bullish nature of the cryptocurrency market towards the end of 2021, SAFEMOON continues to show signs of promise for the long term.
This is the primary reason why several experts believe the SAFEMOON coin has plenty of room for growth. Others think that investing in SAFEMOON is a smart financial decision with an eye on the long term.
One of the biggest reasons to invest in SafeMoon is its roadmap, particularly, launching the SafeMoon Exchange by the end of 2021 or early 2022.
Most of the milestones are gradually being accomplished and the next phase of objectives will be carried out on time. If several of the innovative products promised by the SafeMoon project come to fruition, it may increase the price of SAFEMOON immensely.
In this article, we will break all the SafeMoon-related myths that continue to trend on social media platforms ). This will help you come to your own conclusion on whether or not you should consider investing in SAFEMOON.
If you want to invest in crypto assets quickly and easily, you can check out eToro.
Contents:
- So, What Is SafeMoon? A Simple Explanation
- SAFEMOON Investing: Getting Started
- Is SAFEMOON A Good Investment?
- Should I Invest In SAFEMOON?
- Should I Invest In Bitcoin Or SAFEMOON?
- Will SAFEMOON Overtake Bitcoin?
- Will SAFEMOON Get As High As Bitcoin?
- How Much Could SAFEMOON Be Worth?
- What Will SAFEMOON Be Worth In 2022?
- How Much Could SAFEMOON Worth In 2025?
- What Will SAFEMOON Be Worth In 2030?
- Can SAFEMOON Reach $1?
- Will SAFEMOON Go Down In 2021?
- Who Should Include SAFEMOON In Their Portfolios?
- But, Is 2021 Too Late To Buy SAFEMOON?
- Is Investing In SAFEMOON Risky?
- Could SAFEMOON Be a Bad Investment?
- Does SAFEMOON Have a Future?
- How Safe Is SAFEMOON / How Legit Is SAFEMOON?
- Alternatives To SAFEMOON
- Conclusion: Is SAFEMOON A Good Investment?
So, What Is SafeMoon? A Simple Explanation
Millions of people are asking, what is SafeMoon crypto?
SafeMoon is one of the most popular decentralized finance (DeFi) protocols that exist on the ecosystem of the Binance Smart Chain. Its native asset, SAFEMOON, is a top 250 digital asset by market capitalization. The SafeMoon Protocol uses its token, SAFEMOON, to power transactions.
Although it's an independent protocol, SafeMoon continues to take advantage of the possibilities of the Binance Smart Chain to protect itself from cybersecurity breaches.
According to excerpts of the SafeMoon whitepaper, “The developer burned all tokens in the Dev Wallet before launch, there was a fair launch on DxSale, the LP is locked on DxLocker for four years, and LP is generated with every trade and locked on PancakeSwap.”
Anytime a trade occurs, three functions occur. These are Burn, Liquidity Provider Acquisition, and Reflection.
The SafeMoon Protocol has a primary objective of creating several innovative products to be able to add value to its token. Currently, long-term holders of SAFEMOON have a chance of realizing up to 80% returns on their holdings.
Since SafeMoon is part of a highly decentralized system, all these activities can go on without the interference of third-party bodies such as clearinghouses, traditional banks, or insurance companies.
As one of the highly liquid financial instruments in the blockchain technology space, all aspects of decentralized finance are on the roadmap of SafeMoon.
Therefore, in the not-too-distant future, there is a chance we are going to see a non-fungible token (NFT) exchange, several crypto educational applications, charity projects, and the introduction of a Coin LaunchPad.
All of these activities will create an exciting ecosystem where SAFEMOON would continue to flow effortlessly.
As of November 2021, 572 trillion SAFEMOON coins are circulating on the market from a total supply of 1 quadrillion.
More than 427 trillion SAFEMOON tokens have also been burned. The market value for SAFEMOON continues to stay above $2 billion and volumes of more than $5 million are recorded daily.
It is therefore not surprising that one of the best audit firms CertiK, although found several issues with the SafeMoon Protocol has certified it as safe to use. This answers the questions of people that continuously asked, is SafeMoon safe?
SAFEMOON Investing: Getting Started
To start investing in SAFEMOON, you first need to register online with an exchange that will allow you to buy and invest in SAFEMOON.
An exchange is a trading platform that has been specifically created to enable you to buy, sell, and hold SAFEMOON as well as other cryptocurrencies.
Fortunately, centralized exchanges such as Gate.io, BitMart, Hotbit, ZB Global, Bitrue, BitForex, KickEx, LBank, WhiteBIT, Bitbus, MEXC, Hoo, BHEX, Jubi, Biswap, Biki, and DeCoin and decentralized exchange PancakeSwap V2 list SAFEMOON for trading.
Due to scams and numerous shady schemes, Trading Education suggests buying SAFEMOON from centralized exchanges.
But before you select one of the aforementioned exchanges, kindly take anonymity, geographical restriction, speed, liquidity, security, insurance, regulation, fees, ease of use, payment methods, limits, reputation, and customer service into consideration.
The following are the steps you need to take to effectively and efficiently invest in SAFEMOON.
Firstly, register for an account. You should know that your details would be verified. Therefore input details of your full legal name, contact number, email, as well as residential address. Your email address and phone number will be verified first.
Secondly, verify your account. Whatever happens, the aforementioned exchanges would ask you to provide specific government-issued identification cards (passports, driver's licenses, and national ID Cards) are mostly preferred.
Aside from this, you would also be asked to provide scanned images of your bank or credit statement or utility bill that corroborates your residential address.
Thirdly, deposit funds. Based on the payment methods you prefer and the exchange that supports this, you should upload funds that will help you buy an amount of SAFEMOON as per your investment goals. Note that, there are hidden fees (depositing, processing, and withdrawal) that need to be taken into account before depositing funds.
Fourthly, navigate to the SAFEMOON page. On this page, you can order several SAFEMOONs. Within minutes, it would be calculated, processed, and completed.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Is SAFEMOON A Good Investment?
As one of the growing decentralized finance protocols on the Binance Smart Chain and the entire space, many crypto experts believe that SAFEMOON is a good investment compared to other tokens backed by decentralized applications.
Despite all the ups and downs in the trading history of SAFEMOON, analysts believe that SAFEMOON price could grow further in the long term.
One of the factors that will influence investing in SAFEMOON in 2021 is a potential thriving ecosystem from 2022.
SAFEMOON currently thrives on speculation and that is demand and supply. Its price is solely dependent on the price buyers are willing to pay for a coin. By 2022, several products such as the SafeMoon Exchange and some educational crypto applications would have been launched and garnered extensive usage.
This will see more traders and investors add up to the more than 2.8 million SAFEMOON holders that continue to believe in the potency of the SafeMoon project.
Another reason why you should consider investing in SAFEMOON is the increasing use of blockchain technology, smart contracts, decentralized finance, and non-fungible tokens. These continue to attract more and more successful crypto traders.
Analyst Annie Izockey at Changelly using fundamental and technical analysis believes SAFEMOON is a good investment in the short, medium, and long term.
According to the analyst, SAFEMOON could trade for the best possible price of $0.000043 by the end of December 2021. Changelly further estimates SAFEMOON could test new highs of $0.000082 by the year’s end of 2022, $0.002 (2023), $0.0005 (2024), and $0.0000151 to close out 2025.
Investing in SAFEMOON today could see you walk away with more than 700% in the short term.
Check Out: Is It Worth Investing in Safemoon?
Should I Invest In SAFEMOON?
Why Should I Invest in SAFEMOON? Well, the SafeMoon Protocol is one of the innovative technologies that aim to change how the world goes about financial inclusion.
To be more precise, SafeMoon has introduced a protocol that allows users to earn impressive annual percentage yields (APYs). This is because of the use of auto liquidity generation and Reflect Finance (RFI) tokenomics.
All manners of people (highly banked, underbanked, and unbanked) can invest in SAFEMOON from all over the globe without dealing with the bureaucracies associated with traditional financial institutions.
In the future, SafeMoon will make it possible for collectibles to be traded on a specific exchange which will see more liquidity thrown at SAFEMOON since it facilitates all transactions on the protocol.
Because SafeMoon is highly decentralized, it is believed the Protocol can do more to close the widening gap between the top 1% and the remaining 99%. The latter continue to scrape by annually by getting relatively small yields on their bills and bonds investments.
On top of that, SafeMoon Protocol’s cryptocurrency SAFEMOON is one of the digital tokens that continue to rise in popularity.
The great news is that, unlike several cryptocurrencies such as Dogecoin (DOGE) which is uncapped and therefore inflationary, SAFEMOON is capped and therefore deflationary. This means that the total supply of coins continues to go down.
You should also note that miners are compensated in SAFEMOON coins for their contribution in adding computational power towards the circulation of tokens to help the network remain effective and safe.
Last but not least, SAFEMOON continues to trade on the downside. This means you can diversify your portfolio with a stake in SAFEMOON. These are enough reasons to invest in SAFEMOON.
Analysts at Digital Coin Price think you should consider investing in SAFEMOON.
According to the analysts, SAFEMOON could command prices of $0.0000060087 and $0.0000177786 by the end of 2021 and 2028 respectively. You could see more than 20% returns in the short term if you invest in SAFEMOON today.
Should I Invest In Bitcoin Or SAFEMOON?
Investing in Bitcoin or SafeMoon depends on several factors such as investment capital, percentage change, and price forecasts of the two cryptocurrencies.
As of 2nd November 2021, Bitcoin (BTC) is trading above $60,000 while SAFEMOON trades below $0.000005. This means that if an investor has $1,000 to risk, he or she can buy a fraction of BTC (0.00166666) and about 200,000,000 SAFEMOONs.
One of the areas several traders and investors fail to take into account before investing is called percentage change.
At $60,000, BTC can increase by 100% if it reaches a new all-time high price of $120,000 someday.
To prove this mathematically, the new price – old price, divided by old price, times 100% will confirm the outcome.
(120,000-60,000)/60,000 ×100%
60,000/60,000 ×100%= 100%
This means that for a $1,000 investment to double in value to $2,000, BTC must trade for $120,000 before it can be sold for gains by a BTC holder.
At $0.000005, SAFEMOON can increase by 100% or more if the token reaches a new all-time high of $0.00001 in the future. Adhering to the formula used in determining the percentage change for BTC, you can confirm this by doing your own calculation.
Although Bitcoin is the most popular, the largest cryptocurrency by trading, and the most traded digital token in a space of more than 13,000 coins, the statistics given mean you should not be in a rush to invest in the first cryptocurrency.
For BTC, you can buy fractions but for SAFEMOON, you can buy whole coins up to 200,000,000 (200 million).
Therefore, if SAFEMOON reaches $0.025, your $1,000 investment could turn to $50 million, if it crosses $0.50, your $1,000 investment could turn to $100 million, and at a new all-time high of $1, $1,000 investment could turn to $200,000,000 ($200 million).
Mathematically, it would be wise to invest in SAFEMOON and NOT Bitcoin.
Will SAFEMOON Overtake Bitcoin?
SAFEMOON could overtake Bitcoin.
This is because, in the volatile world of cryptocurrencies, anything is possible.
With that said, we must face reality.
For SAFEMOON to reach the current market value of Bitcoin, the token must increase by 1,199,999,999,900% (this is 1 trillion percent).
With this statistic under perspective, Trading Education can say although it is not impossible, it would be very difficult for SAFEMOON to overtake Bitcoin in terms of price, trading volume, and market capitalization.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Will SAFEMOON Get As High As Bitcoin?
SAFEMOON could get as high as Bitcoin someday if the token continues to increase due to demand by millions of traders and investors.
With that said, the current market value of BTC, around $60,000, and the market value of SAFEMOON, around $0.000005 give two contrasting price patterns.
Parent crypto aims to cross new price milestones such as hitting $100,000 in the future.
FX Leaders believe BTC could trade $120,000 to $150,000 by the close of 2022.
Digital Coin Price estimates BTC could trade for $111,653.97 by the year’s end of 2022.
Prime XBT believes BTC could trade for a high of $140,000 in the not-too-distant future.
On the other hand, the most trending price milestone that can be found online is can SAFEMOON reach $1?
Unfortunately, the price forecasts made by experts for SAFEMOON are nowhere near the standards of BTC. The highest forecast so far was made by CHANGELLY and the best price was around $0.002 in the future.
Should SAFEMOON reach $0.002 in the future, it would still need to climb by as much as 4,999,999,900% (4.9 billion percent) to get to BTCs price.
You should know that SAFEMOON could become the next golden goose in the future if it could explode beyond the imagination of traders and investors.
Climbing by more than 4 billion percent is a mountain too high for the native asset behind the SafeMoon Protocol to attain.
Therefore, Trading Education can boldly say that SAFEMOON cannot get as high as Bitcoin in the short, medium, or long term.
How Much Could SAFEMOON Be Worth?
Given the fact that more than 2.8 million people have already thrown their money behind the project by investing in SAFEMOON, many analysts and experts have made several forecasts about the potency of the cryptocurrency.
This answers the primary question, what will SAFEMOON be worth by the end of 2022, what will SAFEMOON be worth in 2023, and what will SAFEMOON be worth in 2024 among others.
According to analyst Begram Singh at WSJ NEWS, SAFEMOON could end 2022 with the best possible price of $0.00001.
The crypto news and prediction portal further estimates SAFEMOON could have $0.065 written next to it on crypto exchanges on 31st December 2023.
Analyst Shawn Du’Mmett at Cryptopolitan thinks SAFEMOON could trade for $0.0000204 on the last day of 2022, $0.0000467 (2023), $0.0000680 (2024), and $0.0004132 (2029).
According to experts and analysts at Digital Coin Price, SAFEMOON could trade for the best possible prices of $0.0000083606 (2023), $0.0000099829 (2024), $0.0000140471 (2026), and $0.0000159706 (2027).
Wallet Investor believes SAFEMOON could trade for an average price of $0.00005, the lowest possible price of $0.00003, and the best possible price of $0.000008 on 31st December 2022. The technical analysis-backed portal thinks the maximum price that could be written next to SAFEMOON by the end of 2023 is $0.000007.
The same $0.000007 is the best possible price for SAFEMOON on the last day of 2024, according to the experts.
In the fall of 2026, Wallet Investor predicts SAFEMOON to trade for a coin at an average price of $0.000004, the lowest possible price of $0.000001, and the best possible price of $0.000007.
According to Trading Beasts, SAFEMOON could trade for an average price of $0.000053, the lowest possible price of $0.000045, and the best possible price of $0.000066 by the end of December 2022, and increase to an average price of $0.0000713.
Don't Miss: SafeMoon Price Predictions
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
What Will SAFEMOON Be Worth In 2022?
According to WSJ News, SAFEMOON could trade for a coin at the maximum price of $0.0025 on the last day of 2022.
According to analysts at Price Prediction.Net, SAFEMOON could trade for the best possible price of $0.00000778 by the end of 2022.
Cryptopolitan estimates SAFEMOON could trade for the maximum price of $0.00000323 by the year’s end of 2022.
According to analysts at the Economy Watch, SAFEMOON could begin the early days of 2022 by trading for prices in the region of $0.000006.
According to analysts at the Wallet Investor, the novel token behind the SafeMoon Protocol could trade for the lowest price of $0.000002, the best possible price of $0.000007, and an average price of $0.000005 on the last day of 2022.
Trading Beasts think SAFEMOON could reach an average price of $0.0000084, the minimum price of $0.0000071, and the maximum price of $0.0000104 on the last day of 2022.
How Much Could SAFEMOON Worth In 2025?
WSJ News forecasts a price of $0.25 for SAFEMOON by the end of 2025.
Cryptopolitan predicts SAFEMOON to reach a minimum price of $0.00000815 and a maximum price of $0.00000984 by the close of 2025.
Digital Coin Price estimates SAFEMOON to trade for the best possible price of $0.0000122315 by the end of 2025.
Economy Watch thinks SAFEMOON will trade in the region of $0.000025 in 2025.
Wallet Investor believes the crypto trading asset that has brought more than 11,000% returns to traders and investors in just 8 months could trade for an average price of $0.000004, the lowest possible price of $0.000001, and the best possible price of $0.000007 on 31st December 2025.
What Will SAFEMOON Be Worth In 2030?
According to WSJ News, SAFEMOON could reach a new all-time high of $0.63 in December 2030.
According to Cryptopolitan, SAFEMOON could reach a new high of $0.00005319.
Analyst Annie Izockey at CHANGELLY thinks SAFEMOON could reach a new all-time high of $0.05.
According to the Economy Watch, SAFEMOON could reach the best possible price of $0.00004 by 2030.
Check Out: SafeMoon Price Prediction For 2025 And 2030
Can SAFEMOON Reach $1?
According to WSJ NEWS, SAFEMOON could reach $1 in the future. Specifically, SAFEMOON could trade for $1.85 and from $8 to $10 by the end of 2040 and 2050 respectively, as per the crypto forecasting website.
Will SAFEMOON Go Down In 2022?
Like all cryptocurrencies, SAFEMOON could go down by the end of the year.
Whatever happens, you should know that there are two sides to the financial markets. There are bullish days and bearish seasons. Therefore, there would always be unavoidable dips in the price of SAFEMOON here and there.
But generally speaking, many experts believe the price of SAFEMOON will not go down into extinction zones.
As a trader or investor, you should also remember that just because SAFEMOON did not maintain its bull run in March, does not mean it would continue to go down for the rest of its trading history.
You should always remember the primary objective of the SafeMoon Protocol, buy and hold.
As several experts have pointed out over the years, time in the market is better than timing the market.
Who Should Include SAFEMOON In Their Portfolios?
Because of the potency of the SafeMoon project, millions of people have asked several questions such as is SafeMoon worth buying? One of the most essential questions most of them failed to take into account is who should include SafeMoon in their portfolios?
Below is a summary of the categories of people who can benefit from the potential gains of SAFEMOON.
1. Day Traders
Because of the consistency in SAFEMOONs trading volume, there are multiple percentage swings in one day.
If you analyze the pros and cons of investing in SAFEMOON in addition to reading reports of the latest developments on the SafeMoon Protocol, you can take advantage of the intraday highs and lows.
At worst, you could make 80% of your capital and at best you can see more than 200% depending on your experience as a day trader.
2. Cryptocurrency Traders
SAFEMOONs popularity continues to soar daily. On cryptocurrency exchanges such as Gate.io, Bitrue, ZB Global, BitMart, and BitForex that support several cryptocurrencies, you can trade pairs of SAFEMOON against other digital currencies. By reading extensively about the cryptocurrency market, you can make decent gains from trading and investing in SAFEMOON in the short, medium, and long term.
3. Blockchain Enthusiasts
SafeMoon Protocol is housed on the Binance Smart Chain. A blockchain enthusiast knows the number of transactions that could be processed on a particular blockchain. Aside from that, he or she knows the number of people that patronize the exchange periodically.
Enthusiasts also know the kind of websites to patronize so that they can retrieve essential data to back up their trading and investing decisions. A blockchain enthusiast interested in the Binance Smart Chain can consider including SAFEMOON in their investment portfolio.
4. Growth Investors
These are investors with a long-term mindset. They believe in investing in projects that have a low price on the market. At a price below $0.000005, growth investors can invest $10,000 and buy billions of coins.
In the event SAFEMOON trades for a price near $1, they stand a chance of making millions of dollars in gains. If you are an investor with an eye on the long term, you can add SAFEMOON to your crypto portfolio.
5. Decentralized Finance Fans
Such fans know all the categories in DeFi and the potential of certain decentralized applications (DAPPS). A DeFi fan who reads multiple reports by DAPP Reviews, Binance Research, and others will get to know the potency of the SafeMoon Protocol. This will embolden them to get to know whether or not to invest in SAFEMOON.
But, Is 2021 Too Late To Buy SAFEMOON?
It is not too late to buy SAFEMOON. Many crypto market analysts appear to be quite bullish on SafeMoon and several price forecasts point to the direction of a value increment in the future.
SAFEMOON continues to trade below $100, which means it falls into the investment budget of low-income and middle-income traders and investors.
Therefore, you can have a small stake in SAFEMOON and not miss out on potential gains in the future.
Is Investing In SAFEMOON Risky?
Investing in SAFEMOON like all cryptocurrencies come with huge risk. As a trader, you should know that whatever happens, your investment decision would come down to 2 factors. These are risks and rewards.
Therefore always ask the question, do the potential rewards of investing in SAFEMOON or any cryptocurrency outweigh the possible consequences of the risks of the investment?
If the potential rewards do not exceed the risks, you should forget about SAFEMOON and consider other digital tokens.
Your capital is at risk. Invest with caution. More importantly, invest in SAFEMOON an amount you can afford to lose.
Could SAFEMOON Be A Bad Investment?
SAFEMOON could become a bad investment. Several investors purchased millions and billions of SAFEMOONs after its record highs in April only to see the token trade for less than 70% of its all-time high in November 2021.
No investment in the financial ecosystem is perfect.
Invest in SAFEMOON an amount you can write off as bad debt.
Read Also: Pros and Cons of Investing in SafeMoon
Does SAFEMOON Have A Future?
SAFEMOON does have a future. Its future depends on the roadmap of its issuing authority. Let us consider the impending developments of the SafeMoon Protocols.
- Allow users to develop their own cryptocurrencies through the release of a Coin LaunchPad.
- Develop educational applications related to a cryptocurrency project.
- Develop several charity projects on the SafeMoon ecosystem.
- Develop a decentralized exchange geared towards the trading of digital collectibles (non-fungible tokens).
- Long-term holders stand a chance of realizing up more than 50% on their SafeMoon holdings.
When Bitcoin was launched after the recession and housing market crash in 2009, naysayers condemned the project to die within five (5) years. Bitcoin has survived twelve (12) years.
This means that the SafeMoon project can survive for the next ten (10) years despite its humble beginnings.
How Safe Is SAFEMOON / How Legit Is SAFEMOON?
The SafeMoon Protocol has been certified as safe to use by audit firm CertiK.
This is the primary reason why the project is on course to register at least 5 million holders of the native asset SAFEMOON by the end of 2021.
The fact that SAFEMOON has not been listed for trading by well-regulated and established cryptocurrency exchanges such as eToro, Binance, Huobi Global, and Mandala Exchange among others does not mean it is unsafe to use.
Such exchanges take a long time for a project to gain experience in the space so that they can confirm liquidity trends.
After that, they can support the coin on their respective exchanges.
Despite this, some of the largest cryptocurrency exchanges by daily volumes such as Gate.io, BitMart, Bitrue, BitForex, and ZB Global believe the SafeMoon Protocol is safe.
As a result, they have listed the cryptocurrency and the token continues to record awesome volume daily.
Alternatives To SAFEMOON
Although investing in SAFEMOON can bring you awesome gains, other cryptocurrencies are backed by innovative protocols.
Some of the best digital currencies we recommend for you aside from SAFEMOON include but are not limited to Bitcoin (BTC), Cardano (ADA), Tron (TRX), EOS, Binance Coin (BNB), Litecoin (LTC), Dash (DASH), Shiba Inu (SHIB), Dogecoin (DOGE), and ZCash (ZEC).
If you are not solely vested in mainstream transactional currencies, you can consider DeFi-specific tokens such as Polkadot (DOT), Uniswap (UNI), Yearn Finance (YFI), Compound (COMP), Internet Computer (ICP), Maker (MKR), Aave (AAVE), Ether (ETH), Chainlink (SOL), Polygon (MATIC), and Solana (SOL).
Unfortunately, while SAFEMOON has become a liquidity generating platform, it continues to face strong competition from decentralized applications on the Ethereum Network, Binance Smart Chain, Tron Network, EOSIO, Internet Computer, Solana, and others.
These coins could make good hedges against SAFEMOON if you are looking to reduce your risk by diversifying your portfolio.
Conclusion: Is SAFEMOON A Good Investment?
Investing in SAFEMOON is worth considering. For many investors, investing in SAFEMOON has proven to be a great decision.
In March 2021, the price of one SAFEMOON was $0.00000002, and by April 2021 it had reached $0.00001399. In just a month, the value of SAFEMOON had gone up by 69,850%.
So if you had invested $10,000 into SAFEMOON back in March and sold at the right time in April, you would have had about $6,995,000 ($6.9 million).
So, is SafeMoon a Good investment? Right now, SAFEMOON is definitely considered a good investment because it is low risk.
And, if you are looking to invest in it, now would probably be a good time to do so.
While no investment is risk-free, investing in SAFEMOON has generated more than 11,000% returns over the last 8 months. Whether you are a novice to SAFEMOON investing or just curious about how to make the most of your investment, understanding the essential factors to watch out for before investing in SAFEMOON is critical.
In the end, the final decision as to whether or not you would risk your fund in SAFEMOON comes down to you.
What kind of investor do you want to be? Figure out the answer to that question and you will be in a position to know if SAFEMOON is a good investment.
If you are feeling inspired to start investing in SAFEMOON, you may be pleased to know that Gate.io provides the ability to trade with crypto assets at 0% deposit fees on more than 500 cryptocurrencies.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
FAQs
Can You Cash Out SAFEMOON?
YES! If you feel you have reached your investment goals, you can cash out SAFEMOON. You should know that every cryptocurrency has a fee structure when it comes to its processing. Unfortunately, the SafeMoon Protocol set SAFEMOON’s selling fees at 10% of their worth of holdings. Therefore, in the case a $100 SAFEMOON investment increases to $1,000, you are going to incur a fee of $100. If you want to cash out $1,000,000, you need to pay a fee of $100,000.
When Should I Sell My SAFEMOON?
No one can tell you the right time to sell your SAFEMOON holdings. Timing the cryptocurrency market is extremely difficult. As a result, set investment goals. Once you reach a particular threshold, control your emotions, let go of the investments and lock gains.
Is SAFEMOON a Pump-and-Dump Scheme?
NO! SAFEMOON is not a pump-and-dump scheme. Every new cryptocurrency goes through this process where many people buy the token and sell it off to maximum profits. After SAFEMOON, Internet Computer (ICP) entered the cryptocurrency market in May. It reached an all-time high of $737.20 on Monday, 10th May 2021 but trades below $100 in November 2021. Does this mean that Internet Computer (ICP) is a pump-and-dump coin? No! SAFEMOON is safe to invest in. You can buy some with an eye on the long term.
Read More:
Why We Think Safemoon Could Be The Next Big Thing
What Might Happen If You Invest $100 In SAFEMOON Today?
15 Reasons You Should Invest in Safemoon Today