SafeMoon (CCC:SAFEMOON-USD) is one of the newest, most interesting and most mysterious altcoins. For some investors, the SafeMoon crypto is also potentially stepping into the shoes of Dogecoin (CCC:DOGE-USD) as the new preferred altcoin.
A close-up shot of the concept for a cryptocurrency exchange page.
Source: PixieMe / Shutterstock.com
SafeMoon launched in March, just a handful of weeks ago. Since then, it has picked up huge momentum on social media. With hundreds of tweets endorsing SafeMoon and pushing for the coin to hit the 1-cent milestone, it is clear the crypto has a serious backing.
The coin is up 2,000% since its initial listing. Many are likening it to DOGE, and some think it’s destined to be the successor to the meme coin. The company is playing up the newfound backing, boasting about being the “most successful crypto” on Twitter and putting out cryptic teasers for fans to speculate on.
The coin is not without controversy, however. SafeMoon has faced its fair share of backlash, and some think that the crypto could be a scam. Speculation from these critics points to the coin being another Bitconnect-type scheme where developers run off with investor money. Others say that the company’s model is a scam in and of itself, as it punishes those who sell their coins.
All this being said, there is still a huge interest in Safemoon.
A close-up shot of the concept for a cryptocurrency exchange page.
Source: PixieMe / Shutterstock.com
SafeMoon launched in March, just a handful of weeks ago. Since then, it has picked up huge momentum on social media. With hundreds of tweets endorsing SafeMoon and pushing for the coin to hit the 1-cent milestone, it is clear the crypto has a serious backing.
The coin is up 2,000% since its initial listing. Many are likening it to DOGE, and some think it’s destined to be the successor to the meme coin. The company is playing up the newfound backing, boasting about being the “most successful crypto” on Twitter and putting out cryptic teasers for fans to speculate on.
The coin is not without controversy, however. SafeMoon has faced its fair share of backlash, and some think that the crypto could be a scam. Speculation from these critics points to the coin being another Bitconnect-type scheme where developers run off with investor money. Others say that the company’s model is a scam in and of itself, as it punishes those who sell their coins.
All this being said, there is still a huge interest in Safemoon.
Trade closed: target reached
nice sell off right to my zone
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Join our Community Learn, Earn, and Grow!!
linktr.ee/Tkprophet
linktr.ee/Tkprophet
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.