The cryptocurrency trading space is consistently introduced to new coins for people to trade and enjoy. The latest example is one known as Safe Moon, which appears to be getting more and more interest from investors according to latest search trends.
Safe Moon Is Now Available
To be fair, not much is known about the currency just yet, so as we do with all new coins, we’re informing our readers to stay safe and remain fully aware of the risks that are associated with trading and investing in crypto. They are often prone to volatility, price swings and other issues that can cause serious dents in one’s wealth and trading goals, so don’t jump in unless you really take the time to know what you’re doing.
To provide information on the new coin, developers of Safe Moon have hosted a few AMAs (Ask Me Anything sessions) on Reddit, hoping to answer whatever questions people might have. Thus far, it has been unveiled that Safe Moon users are likely to be rewarded granted they purchase it and hold it. Clearly, the currency’s creators are trying to instigate long-term investing, as those who sell it quickly may incur financial penalties.
The Facebook page for the coin reads as follows:
Remember, getting to the moon takes time and the longer you hold the more tokens you pick up.
This is something of a two-sided coin (pardon the pun) for most investors given that while getting to the moon is something that we all want to do, is it right to decide how people use and spend their money?
Getting to the moon is a phrase that crypto traders have likely heard time and time again. Whenever Elon Musk, for example, talks about Dogecoin, he says that he wants it to go to the moon, implying that he wants the price to rise so high it never comes back down. The more crypto is bought and hold, the stronger it is likely to become, which is typically why bitcoin tends to fall whenever a lot of people cash in on gains at once.
Looking for Longer Gains
Short-term gains are frequently looked down upon by both analysts and professional traders alike, but while it may present some problems for the digital public, it can be said that crypto is designed to be decentralized, meaning those who own it are the ones in charge. They decide what to do with their funds, and they make all the decisions regarding their crypto assets. Thus, it can be argued that trying to sway their choices may not be the best tactic.
At the time of writing, the Safe Moon website appears to be down. However, it appears that if one is looking to own it, they must first buy Binance Coin (BNB) and then trade it for the asset in question.