Its a scam coin. Any coin that has words like "safe" and "moon" is definitely a scam coin.
https://coinmarketcap.com/currencies/safemoon/
Any thoughts on this coin, will it reach .01USD?
Its a scam coin. Any coin that has words like "safe" and "moon" is definitely a scam coin.
RespectNF (05-12-2021)
its supply amount doesn't look promising to be honest
Hah, this didn't age well.. I hope you got out of it before it dropped.
[IMG]https://i242.photobucke*****m/albums/ff62/Emokidyy/Dj-Psd1.png[/IMG]
As said, it is a pump and dump coin. It was pumped by the big pump signal group recently just after dogecoin
shitcoins are happening right now, sell after the pumps lol... I made some profit off of safemoon I bought some at the beginning of it. threw that profit at elongate sold that and threw it in onemoon on harmony one. its possible that safemoon can 2-5x but is very risky at this point.
I can give some of my insight on SAFEMOON. Realistically, if it hits $0.01, this will actually be bad for the economy. Why? Everyone is going to have money and be rich, which will ultimately lead to inflation, which is generally not good. Can it hit $0.01? As far as I know, I do not think that is possible, at ALL. The market cap will have to reach around 6 trillion, which is 3x the Cryptocurrency market cap COMBINED. Yes, this means every single coin in the market. This is why I do not believe it will hit it, ever. Now my thoughts on this coin? If you look at it, this coin arised after Doge made headlines. A meme coin was able to gain the attraction of millions around the world. This ultimately brought spotlight to many coins like Safemoon, such as Elon Gate, Shib, Safe(whatever). In my opinion, this coin is simply a pump and dump coin. The Twitter is advocating that they will get you rich and will send you to the "moon". From my 7 years of investing in Crypto, I have never seen such a project promise you this. Some people have gotten rich because some days the returns can be large, up to 50-100%, but in the long-term, this coin will not be good in my opinion. Invest at your own risk. If you have any more questions, feel free to ask me!
SleepingShaman (05-11-2021)