🔥 Safemoon forecast 2021: SAFEMOON course analysis & future
There are so many crypto currencies. And the number of digital currencies seems to be growing every day. So it may not be that easy to choose a digital currency to invest in. Above all, you always have the history of the Bitcoin, the mother of all cryptocurrencies, in the back of your mind: Anyone who invested here ten years ago will probably be a millionaire or billionaire today if they are sold again at the right time.
A cryptocurrency that is new but has already attracted attention is called Safemoon. But will Safemoon be able to follow in the footsteps of Bitcoin? It is important that you do not invest in certain crypto currencies on the off chance, but rather look at the forecasts. It should be noted that forecasts must of course be used with caution. Because forecasts that are made today are based on snapshots. That is also the reason why a forecast should never be understood as a guarantee of profit.
Make big profits with the right strategy
There is access to the crypto market either via the Cryptocurrency exchange or via the online broker. It is important, however, to take a look at the various services in advance. That said, is there a difference between a cryptocurrency exchange and a broker? Yes. Because at this point it should be noted that there is a significant difference between investing, i.e. buying coins in a digital currency, or speculating, i.e. always only dealing with price speculation.
The crypto exchange provides access to the Kryptomarkt in order to then be able to invest in one or more cryptocurrencies. This means that you buy the digital coins of your favorite crypto currency, transfer them to your personal wallet, which is your digital wallet, and then you are happy when the price of the crypto currency rises, as the price increase also increases the invested assets. So you swap your euro, for example 1.000 euros, for a crypto currency, as an example you can now choose Safemoon.
If the digital currency then reaches the desired price level, it can then be sold again. However, you don't have to sell the entire inventory of coins, but can only sell some of them. The rest can be kept in the wallet and only sold after the price has increased further. The question of when and how much is sold depends on which strategy you have chosen. You should therefore think about a strategy before investing in order to be able to make correspondingly attractive profits. Of course, it has to be said that there can always be strong corrections - a little patience is often required if you want to invest in the long term.
Of course, you can also get access to the crypto market via a normal online broker, provided that this offers the service of trading with digital currencies. In this case, there is only speculation on the price of the cryptocurrency. In other words, you don't buy digital coins, you bet on whether the price of the digital currency will rise (you open a long position) or fall (you open a short position). It is important to be aware from the beginning that the crypto market is volatile. What can this mean for the trader or investor? Anyone who misjudges the price development here has to take into account in the end that there can be really high losses. For this reason, it is important to only invest money that is freely available. Of course, if the price moves in the desired direction, you can also book extremely high profits. But, as already mentioned, there is no guarantee that the forecasts will come true.
A digital currency that should by no means be completely ignored is the Safemoon cryptocurrency. In 50th place in the ranking of Top cryptocurrencies According to market capitalization, the cryptocurrency may not be as well known as Bitcoin or Ether, but Safemoon is not a blank slate in the crypto industry.
If you are not yet 100 percent sure whether you want to invest in digital money or speculate with the price of the crypto currency, you should let your gaze wander in the direction of eToro. Because with the provider eToro there is actually a double offer on the market: Here the services of an online broker are made available and at the same time the services of a cryptocurrency exchange. The advantage of this (very) unusual combination? You can speculate on the price development of various crypto currencies via eToro, but you can also buy coins and transfer them to the internal wallet. Thus, in the end, two completely different strategies can be used.
Furthermore scores eToro with the fact that so-called social trading is offered here. This means that you then take over the decisions and strategies of the already very successful traders. So you can participate in their successes. This may also be very interesting as a beginner, as it sometimes gives you an overview of why certain decisions are sometimes made or what effects one or the other decision can then have. However, it should be noted that there is also no guarantee of profit in the course of social trading. Even an experienced trader, who sometimes even makes a living by trading, can be wrong and must then make losses. Therefore, one should also be careful here and not invest any capital that is needed for certain expenses. So always work with freely available money.
The provider eToro is also regulated, so that it can also be emphasized at this point that it is a guaranteed reputable provider that you can trust 100 percent. The seat of the provider is in Cyprus. That is ultimately the reason why the Cyprus Securities and Exchange Commission, that is the CySEC, is behind the broker, which then checks whether all the rules are being adhered to by the provider. However, the same rules must be followed here as if eToro were based in Central Europe, i.e. in Germany, France or Austria. The specifications are made by the European Union.
If you find out that the offer of the provider eToro corresponds to your personal ideas, you are well advised to start the registration in order to be able to open an account. This much can already be revealed: You don't need to expect obstacles or difficulties: eToro has specialized from the beginning on creating an offer that will especially please and help beginners.
Step 1: Register with eToro
Registration is completed within a few minutes. Especially because eToro does not require verification at the beginning and has tried to make the registration process as easy as possible. Anyone who has an account with Facebook or Google, for example, can log in using one of the two services and then transfer the data to eToro. If you do not want that, you can go to the eToro homepage. You can tell that from the start the focus was on addressing beginners. That is also the reason why the entire registration process is also self-explanatory.
When registering, you only need to provide a few personal data: This includes, for example, your first and last name as well as your email address and a user name of your choice. Finally, a password has to be generated. It is important that you use a combination of uppercase and lowercase letters, special characters such as digits. Thus, the security can be increased to a maximum.
Once the registration has been completed, which usually only takes a little time, the first deposit can now be made.
Incidentally, the verification does not start until the payment is requested. This is also the reason why the registration only takes a few moments, so that you can continue with the deposit immediately.
Step 2: Deposit with PayPal, credit card or instant transfer
The provider eToro scores with a real variety of deposit methods. Because there are quite a large number of online brokers who only accept bank transfers or VISA or MasterCard credit cards. At eToro they decided to go a different way. For example, you can work with various eWallets or PayPal. PayPal in particular is a very popular way to capitalize on the account as it benefits from real-time transactions. This means that the money is then immediately available and can be invested within minutes. Ideal for those who want to invest on the same day.
If you decide to make a bank transfer, for example, you have to be patient for around two to four working days until the money is then available in the eToro account. So if you don't want to invest your money immediately, you can definitely choose bank transfer. All those who want to work with eToro on the same day have to choose another payment option.
After the transaction has been completed, you can then Buy coins or speculate with the price movement.
Step 3: Buy and Sell Safemoon
This process will not be a challenge for beginners either. You specify the amount to be invested and the broker eToro then calculates, based on the current rate, how many coins you would get if you now confirm the transaction. Of course, you can also specify the number of coins and get information about the amount to be invested. The transaction is then confirmed and the coins are transferred to the internal wallet. But you can also choose an external provider. This means that you are under no circumstances obliged to use eToro's internal wallet. It is advisable to deal with the advantages and disadvantages of the different wallet types in advance.
On the other hand, if you click on X2, you speculate on the price development of the digital currency. Then no coins are bought, that is, in the context of price speculation, there is no need for a wallet.
With Safemoon there is another digital coin that could go in the direction of the “new Dogecoin”. This is a DeFi token that quickly grew in popularity on social media - especially those who have been interested in Safemoon who have been looking for an asset that is on the verge of breakthrough for a long time. The name Safemoon is also an allusion to "to the moon", which is often referred to by the crypto traders who assume that the Dogecoin (or whatever cryptocurrency in the end) will soon see a huge increase in price.
The price of the Safemoon crypto currency exploded between April 17 and April 21, 2021 - that is also the reason why interest in the crypto currency suddenly increased. The price of the cryptocurrency rose from $ 0,00000159 to $ 0,00001399 - that's 780 percent in just five days. From March 12, 2021 to April 21, 2021, the price even rose by an unbelievable 69.850 percent! However, on April 22nd, it went back to $ 0,00000421: minus 70 percent. At the current time (as of the end of June 2021) the price is 0,00000343 US dollars.
In the next few years, the cryptocurrency may well be able to double its value. If one follows the various forecasts, Safemoon could climb to 2028 US dollars by 0,00002165.
Due to the fact that the crypto market will continue to gain strength, the price of the Safemoon may also go up.
There are also some crypto fans who have a very clear idea of Safemoon: There is no sale below 1 US dollar - that is, the goal that is being pursued is to jump over the 1 US dollar limit. However, according to current forecasts, you still have to be patient here.
But may the technology in the background be a motor at all that could really push the price to over 1 US dollar one day?
Safemoon is a decentralized financial protocol - in short: DeFi. The market launch took place in March 2021. The DeFi token uses smart contracts that are based on blockchains such as Ethereum run in order to then be able to offer decentralized services.
Safemoon's protocol is based on three functions: reflection, liquidity pool and burn. The so-called reward mechanism for holding the tokens also reflects the traded volume, which is intended to encourage the owners not to sell the tokens. So in the end you want to address the "Hodler" more.
What makes Safemoon unique is the fact that there is a 10 percent fee when selling the coin.
Buy Safemoon Conclusion: This is the best way to buy Safemoon
Safemoon definitely has potential. You should therefore keep an eye on the cryptocurrency and, if necessary, invest freely available capital. If you have a long time, you could certainly make attractive profits here.