Safemoon seems to be treading on the direction of Shiba Inu’s phenomenal rise. The coin displayed a stellar rise in the 24-hours trade and shot up +57% in the day.
In addition to the sudden spike in price, Safemoon also crossed the $3 billion market cap. The coin is now on the crossroads of scaling up further. Early investors can reap the rewards in similar fashion on how Shiba Inu rewarded its early holders.
The average 24-hours trade of Safemoon stands between +30% to +45% and gives room for investors to buy and sell the coin in profits.
In other words, investors believe Safemoon can replicate Shiba Inu’s success in the coming months and are buying more.
Meme-cryptocurrencies such as Dogecoin, Shiba Inu, Floki and others have shown magnificent growth and Safemoon could deliver similar results.
Safemoon Attracts Buying Pressure
For the first time in a few months, Safemoon has attracted buying pressure as its ‘buy-side’ volume has increased. Its price consolidation period seems to have come to an end and the bulls can take it to new monthly highs.
Above all, attracting buying pressure increases the chances of a token’s price to shoot up and Safemoon might go up further another +50% in the coming days.
The coin has already seen a staggering growth of +111% in its 7-day trade. It can go up another +50% by the end of October 2021.
When the uptrend goes, Safemoon can reach a high of $0.00000500. Also, a point to be noted is that both retail and institutional buyers are purchasing the coin in large numbers.
Safemoon Wind Turbines
The CEO of Safemoon, John Karony revealed during the coins initial days that he intends to build wind turbines in Gambia. The development would be ‘green and sustainable energy that would innovate between wind turbines and blockchain technology.
In a recent tweet, Karony shared pictures of the wind turbines and their specifications including power consumption. ”Turbines arrived #SAFEMOONARMY! Will be doing a video on them for you all,” he tweeted.
In a follow up tweet, Karony labeled its specifications, ”1 turbine = 600watts 600watts x 10hours of wind = 6kWh 6kWh x 100 turbines = 600kWh 600kWh x 1 year = 219,000 kWh This is the smaller turbine. The 100 mostly consists of larger ones. Had to hit a meeting before I could finish assembly on the test turbine.”
”The majority of them will be rated at 2400watts. Using the smaller ones for TESTING. Easier to work with,” said Karony.
Safemoon at the time of publishing was trading at $0.00000484 and is up +40.10% in the days trade.