SafeMoon stands from "Safely to the Moon", a phrase that was adopted by Redditors about DogeCoin which refers to the price flying upwards "as high as the Moon".
"Some of the NFT collections had bounced by 50-60% in the past few days, which indicates a possible reversal in the coming weeks," he added.
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Meanwhile, concerns were also mounting on Oct. 21 that leveraged traders have taken on more risk than they can chew.
Asset manager’s planned launch will significantly undercut ProShares’ BITO and Valkyrie’s BTF
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@waronrugs, a KOL with 100,000 followers on twitter, said that 50% of Safemoon is held by its founding team, so they may possibly crush the market at any time. All business logics of 4JNET follow the smart contract, and the team does not hold 4JNET tokens and have no access to the investors’ funds.
Bitcoin hit an all-time high of $68,530.34 early Tuesday, according to CoinMarketCap. That's just a few weeks after it hit a previous high of nearly $67,000 before sliding as much as 12%.
But first, a word of warning: buying cryptocurrencies and decentralised finance tokens as well as stocks and shares is a risky business.
You can't ever determine how long or how far up a speculative investment can go, and you tend to be very shocked at how much it falls
The cryptocurrencies described here are marked by stable adoption, robust user activity, and relatively high market capitalization (greater than $10 million, in most cases, although valuations are of course subject to change):
No matter if crypto is going up or down, the best thing you can do is to not look at it. Set it and forget it like you would any traditional long-term investment account. “If you let your emotions get too much into it then you could sell at the wrong time, or you might make the wrong decision,” says Yang. “You stress out about it, and I don’t think that’s a healthy way to approach it.”
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BTC to BITO: the original cryptocurrency, and the promise and limitations of Bitcoin ETFs
As long as your crypto investments don’t stand in the way of your other financial goals and you’ve only put in what you’re ultimately OK with losing, Yang recommends using the same strategy that works for all long-term investments: set it and forget it.
It’s definitely possible that the SafeMoon price can reach a dollar in value at some point in the future. However, it’s worth pointing out that even the most optimistic long-term SafeMoon price prediction sees it valued at less than a cent in seven years from now. Currency.com
Shortly after Bitcoin’s latest all-time high, Ethereum marked its own new all-time high last month when its price went over $4,400.
Crypto market capital shoots to $2.34 trillion with Ethereum occupying 20% of crypto economy