SafeMoon is a Gamble

July 2, 2021 6:56 AM
SafeMoon is a new cryptocurrency. It was introduced in the first quarter of 2021. Like Dogecoin, SafeMoon has no real utility. It is just a coin gaining value after a huge number of investors put money into it. The price of SafeMoon rose 1500% this year. However, it soon sliced 73%.

The holders of SafeMoon are encouraging people to hold on to currency. But, they are the ones benefitting most. SafeMoon is being popularized with the frenzy over social media. The developers are getting the most benefit from the popularity. 

I think the price of the currency is on track of pump and dump. SafeMoon is just another shitcoin. Hence, investing in it is like a gamble. What do you guys think?

  • #safemoon
  • #gamble
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