After that, five percent of the tax is then allocated to people who still own SafeMoon currency. This is to prevent the price from dropping as people start selling the token.
Ahead of the SafeMoon wallet release, its eponymous native token’s price was on a steady upward crawl. Beginning the week at $0.00000184, it made its way up to $0.00000365 by August 28. However, this proved a brief moment in the sun for SAFEMOON as two hours after the wallet’s intended release, the price crashed back down to $0.00000292. From this figure, the token’s value has continued to tumble. At time of press, SAFEMOON was down 22.2%, with a value at that time of $0.00000281.
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Yes, but you need to constantly track the price of SafeMoon and do your due diligence of the price forecast for profit. Keep reading price predictions and check the future price of SafeMoon constantly. Analyze your risk/benefit ratio to control your portfolio transactions and trade with confidence in crypto tokens to avoid any unnecessary price drop.
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But before you look further make sure you’re aware of the risks when it comes to cryptocurrencies in general.
Last Tuesday, Squid was trading at just 1 cent. In less than a week its price had jumped to over $2,856.
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