Cryptocurrencies are becoming very popular. It’s impossible to imagine a future without cryptocurrencies. Their ability to transfer payments across borders at a meager cost makes them very efficient. For this reason, many financial analysts are predicting crypto will completely disrupt the traditional economic systems. It’s not a matter of if cryptocurrencies are the future but when. However, which is the best and cheap cryptocurrency to invest in?
In this article, we will review one of the latest cryptocurrencies called Safecoin. We will also review the Poocoin app, a platform on which you can buy or sell cryptocurrencies.
What is SafeMoon?
SafeMoon is the latest cryptocurrency to hit the headlines. It is a decentralized Finance (DeFi) Token that operates on the blockchain network. This means it enables decentralized peer-to-peer networks.
Immediately after its launch, Coinbase reported about a 910% rise in the share price of SafeMoon. Presently, it has more than two million users investing in it. The investors are encouraged to hold their SafeMoon tokens and not sell them.
Selling the coins would attract a 10% fee. Half of this fee goes to current investors as dividends.
What is PooCoin and the Poocoin App
PooCoin is a token on the Binance Smart Chain Platform. The PooCoin app is a decentralized cryptocurrency exchange that allows peer-to-peer trading. It also provides portfolio management and charts for the Binance Smart Chain.
The main aim of the Poocoin app is to improve on existing peer-to-peer cryptocurrency transactions that happen online.
Is SafeMoon On Poocoin app
Yes, SafeMoon is on the Poocoin app. At the time of writing (October 4th, 2021), the price of SafeMoon on the app was $0.00000147296 on the app. Its market cap is $845,444,815, with a total supply of 1,000,000,000,000,000 coins.
Moreover, the Poocoin app showed that about 2.6 million people were holders of Safecoin.
Buying SafeMoon in Poocoin App
To buy SafeMoon you first need to have a crypto wallet on Binance Crypto exchange then buy binance coins. There are several trustworthy cryptocurrency wallets, but let’s use Trust Wallet. The Trust Wallet App is in most app stores.
After setting up your wallet, Buy Binance on the Trust wallet, then click on the Dapp tab on the Trust Wallet. This will find all the available decentralized applications. Look for PooCoin.
Poopcoin will let you exchange Binance for SafeMoon tokens. The SafeMoon tokens you acquired will be in your Trust wallet.
Is SafeMoon a Good Investment?
On March 14th, 2021, the price of SafeMoon was about $0.000000056455 with a market cap of $0 and a volume of $2,720,089. At the time of writing, the opening price is $0.00000145, with a market price of $830,873,729 and a volume of $3,850,291.
In only seven months, the market cap has increased by $830,873,729 and the traded volume increased by 41.5%. Furthermore, the price increased by more than 1000%. Investors who held the coin from March have made impressive gains.
If the value of SafeMoon is to increase for the next decade and it gets more investors in the process, the prices will soar. These conditions will make SafeMoon an excellent investment.
However, investing in cryptocurrency can be very risky if you don’t understand the crypto and haven’t researched it. So make sure you have done your due diligence before investing.