#Safe moon crypto price manual#

As a result, trading volume has also increased. As more investment flooded into the crypto market, the price of MANA soared. The MANA price is currently trading between $2.7 and $3.5, with a couple of retracements in November and December. If this scenario is realised, then the coin will trade above $5 by the middle of the next decade. If this continues, it may even rise to $10 by the end of the year. As of now, its price is below 60% of its ATH, and it is more than 30% below the beginning of 2022. If the current accumulation in MANA remains positive, then it is likely that the cryptocurrency will reach $4 in the next few months. After all, everyone else gets a small cut of those big sale transactions, even if the value of those tokens is dwindling.See also Top Cryptocurrency to Invest In Trading volume indicates increased interest in MANA Still, despite all of that, the overall sentiment on Reddit is largely positive.

The SafeMoon subreddit is awash with posts about whales dumping their holdings, based on public blockchain data, and a wave of panic-selling could be amplifying the recent price drop. Daily trading volume for SafeMoon fell below $10 million for multiple days last week but now tops $40 million over the last day-the highest mark since May. It’s a cryptocurrency built for holding, but with the price sinking and moving against most of the momentum of the wider market, SafeMoon’s holders seem to be selling. “Whenever there’s some sort of mechanism to stop selling, that’s a bit of a warning sign.”

#Safe moon crypto price manual#

“The manual burns, alongside the company having a pretty large stake in the coins, just speaks to me of a manipulation risk,” London Capital Group Head of Research Jasper Lawler told Bloomberg in July. SafeMoon imposes a 10% tax on all transactions and then distributes a portion of that fee across all token holders as so-called “reflections.” It’s a way to gradually build up users’ holdings, although the tax for selling and using the token-along with manually “burning” or removing tokens from circulation-has raised concerns that the whole thing is a Ponzi scheme. Where SafeMoon varied from some of the past pump-and-dump tokens is in the way it incentivizes investors to hold on to the token long-term.Įssentially, SafeMoon users earn passive rewards simply by holding the token, with no need to actively stake holdings within the network. If the downward spiral continues, then SafeMoon certainly wouldn’t be the first coin to quickly rise to prominence and then fade from relevance, as we have seen a whole host of Ethereum and Bitcoin knockoffs attempt to capture market magic over the years. SafeMoon’s price keeps falling, however, and it’s now nearly 86% off its May peak. Even Shiba Inu, an Ethereum -based rival to Dogecoin, has seen a 26% price boost this week. Dogecoin, the leading meme coin, is up nearly 39% on the week and is currently ranked #7 overall in terms of market cap. It’s not just a matter of meme coins and tokens struggling, either. In fact, a vast majority of the coins on the list have seen double-digit percentage price hikes over the last week, including standouts like Solana up nearly 70% and Cardano up 46%. A quick glance at CoinGecko’s current Top 100 shows that only a handful of coins are down at all over the last seven days, with the largest drop sitting at just 1.6%. SafeMoon’s continued decline comes in stark contrast to the rest of the market. It’s now ranked #109, although the rankings can vary by source. It’s down more than 27% on the week, and this latest tumble has knocked the market cap down to $813 million-which means that SafeMoon is no longer one of the top 100 coins by market cap on CoinGecko’s list. But while other coins are now rebounding, SafeMoon is only sinking further.Īccording to CoinGecko, SafeMoon’s price is down 16% today alone, currently sitting at $0.00000155 per token. As the wider market stumbled, so too did SafeMoon’s price in the weeks that followed. SafeMoon was one of this spring’s cryptocurrency meme sensations, as the Binance Smart Chain -based coin came out of nowhere and rapidly blasted to a market cap above $6 billion in May. It’s down 16% in the last day and has fallen out of the top 100 coins in terms of market cap according to both CoinGecko and Nomics.SafeMoon, a crypto token that gained popularity via social media this spring, continues falling in price despite a recent market upswing.