Safemoon To $0.01! Will It Happen? (MUST SEE)

Safemoon To $0.01! Will It Happen? (MUST SEE)

A lot of people have been saying that safemoon could hit 1 cent. For example. That would be great, but will it actually ever happen? Well In today's, video I will be explaining my thoughts on this. So do I think that safemoon will hit 1 cent. No, I don't think it will, and if it does it would take generations. Now let's explain the reasons why I think this will not happen. The first reason is That it would have to increase in value by 136,401 percent. And the market cap would be over 5.8 trillion dollars, which is more than the entire crypto market. The entire crypto currency market is worth about 2 trillion. So that's basically saying that in order for it to hit 1 cent it would need to nearly triple and everyone would have to dump their other crypto's and just invest in safemoon. In my opinion people are so uneducated on how the price actually works. You divide the market cap from the coins or shares to get the price. The second Reason is that many people are just trying to make quick profits and pump and dump it. Meaning many of them don't even believe in the longterm of safemoon so they will sell off and take profits and then move onto the next crypto.The third reason is that the future of crypto's are very uncertain. What I mean by that is what what will become the actual solution to creating a decentralized currency that hedges against inflation. Will it even be crypto or will it be something entirely different. Only time will tell. But as of now I do think that safemoon has a really good idea to how they could potentially get a somewhat stable crypto currency. They incentivize people who hold coins for the longterm and punish people who sell. When someone sells coins they need to pay fees part of those fees are given to holders so they basically get free coins just by holding. This is a great idea that could possibly make it a somewhat stable crypto currency's someday. However, while this is a great idea in my opinion someone might create a much better solution to create a stable currency that hedges against inflation. So in conclusion I don't think safemoon will hit 1 cent per coin, but I do think it will have good returns in the short and longterm!

⚠️Disclaimer: I am no financial advisor, I'm just a teen who loves investing and starting businesses! I am not responsible for your gains or losses. Please do your own research!