11/1/2023 0 Comments Safe moon price right nowHow To Buy SafeMoon Online In The US - A Step by Step Guide One problem is that SafeMoon is not yet a practical coin and does not have any sophisticated projects for the future.ĮToro USA LLC Investments are subject to market risk, including the possible loss of principal. This means that the risks of investing in this cryptocurrency are very high, so you need to be very careful and don’t put your capital at risk if you will need it later. Still, we cannot surely guess whether SafeMoon will grow or not as it’s a very speculative asset right now. However, the prices started to fall shortly after and decreased by almost 100% till now. The price of SafeMoon increased after they have devoted some tweets about investing in SafeMoon. In a month, its value increased by almost 20,000%, largely because of some celebrities' endorsements, including Logan Paul, Dave Portnoy, and others. If we take a look at the SafeMoon price history charts, we can notice that the project gained popularity in a very short time. Read More: What Is SafeMoon And How Does It Work? Is SafeMoon A Buy Right Now? More than 400 trillion SafeMoon coins have already been burnt from the beginning of the SafeMoon launch. SafeMoon is a deflationary coin, which means that its creators manually burn coins - This decreases SafeMoon supply and increases its value. ![]() In this way, they try to keep the liquidity stable hence the costs will remain stable too.Īnother factor that influences SafeMoon price is the coin-burning system that its founders set for it. To make the prices stable, they try to boost buying SafeMoon coins and decrease its selling. How SafeMoon Works And What Affects Its Price?Īs mentioned previously, SafeMoon set its primary goal to solve the volatility problem, which is a widespread problem among digital currencies. This 10% is then split into two parts, half of which is distributed among the holders, and the other half is again divided into two parts - 50% is converted into Binance Coin, and the 50% percent goes to the SafeMoon liquidity. To achieve this, SafeMoon owners have designed the project so that every time you sell your SafeMoon, you have to pay 10% of your coins as a fee (excluding the other trading fees charged by the exchange). All in all, its main aim is to encourage holding the crypto and discourage selling it. There are several features that SafeMoon uses to attract new investors, including a unique pricing system. According to its founders, SafeMoon emerged to solve one of the fundamental problems in the Defi world - the volatility of cryptocurrencies. SafeMoon is a BEP-20 token-based cryptocurrency project created in March this year that has seen significant growth since April.
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