The New Token's Price Rises Aggressively

The token SMOON is available to buy since a few days only, but starts to shoot for the moon already, pushed by a fast growing fan base and community.

Saylormoon seems to be just another project copying the allready well known Safemoon protocol. In fact, they are so similar, that it's declared as the new Safemoon by the community itself.

The key aspects are just as in Safemoon: static reflection and burn. This is meant to reward holders of the pair through rising prices and increasing portfolios over time.

It is urged to proceed with utmos care. Sailormoon is a memecoin and it has yet to add and prove anything valuable in their roadmap. The team of developer is also unknown, which makes this whole investment super, super risky.

Nonetheless, today the coin spiked in prices, gaining ober 400% in a matter of hours.

The trigger for this pump appears to be an announcement on a new exchange listing, to be announced officially tomorrow and implemented in 2 days time, going by the timer on their website.

The crazy momentum duplicated the holders of this token, reaching a 20.000 holders at time of writing. Everyone of them expecting to make way bigger increases in SMOON's price through the announcement that comes tomorrow.

Time will tell if the power of the moon will lead this crowd to victory and prove them right or if they land in a big dump by the end of next week.

Always proceed with caution when working with new coins and don't get burned by the hype. Opportunities await where risk is involved. Do never neglect to see the risk. Don't get blinded by empty promises.

Also, don't take anything in this post for financial advice. This blogpost is only meant for educational and entertainment purposes only. Do your own research.

Leave a comment below on how you think SMOON will develop 🔽