SafeMoon Card Is On The Way, Will It Be the Next Catalyst To the SafeMoon Price?
2022-04-15 11:44:48
How Much Will SafeMoon Be Worth In April?
Safemoon was probably one of the most popular meme coins in 2021. The project captured the crypto community’s attention with its exciting features immediately after launching. It designed a unique charging mechanism to encourage buyers to HODL and disincentivize sellers from selling by charging 10% fees to anyone that sells Safemoon tokens while other owners get 5% of the fees.
This month, Safemoon got an overwhelming response from its community after announcing the launch of the SafeMoon Card. The card is powered by Baanx, a B2B2C 100% Service provider for API driven digital/crypto friendly Financial Services, and issued through Optimus Cards UK Limited, a principal member of Mastercard, and a licensed E-Money Institution by the Financial Conduct Authority.
According to SafeMoonWarrior, 9 features would be available on the SafeMoon Card, with the most prominent one being instant fiat conversion from crypto. Other features include a Google Pay integration, support from the SafeMoon app, and a 2.5% transaction fee on payments.
Users can also use the card to make online purchases on e-commerce platforms such as Amazon. Through the information released by the team, the SafeMoon Card will be more like the normal VISA card, the only difference is that it will be transacting cryptocurrencies. However, a virtual card service would be available on the app for those who do not wish to carry a physical one.
More than 10,000 signups in less than 32 minutes as the latest move of SafeMoon allows its users and holders to have easy access to spend their tokens, which will drive further adoption. Besides, as one of the newest coins launched in March 2021, not all major exchanges have listed it except Gate.io, MEXC, BitMart and Bitrue, which restricts investors from buying Safemoon while limiting its redeem approaches. But now, with the newly released card, SafeMoon holders will no longer have to go through a cumbersome process of converting their tokens to fiat.
While the announcement did not trigger any immediate change in the price of SafeMoon, a bullish technical pattern was in play on the hourly chart and a delayed breakout was highly possible.
Over the past couple of days, SFM has taken shape within an ascending triangle following the creation of higher lows and steady highs. The latest achievement could launch a buying flurry during the next risk-on broader market.
According to the prediction made by Business2Community, an independent online community that shares the latest news on social media, marketing, branding, public relations, and more, as markets recover, SafeMoon price could surpass its previous all tight and reach the £0.00001 level. At the time of writing, SFM trades at $0.0000021 on Gate.io.
The firm also believes in the coin while expecting the price of SafeMoon to rise year by year. It has a direct stake in decentralized finance, its V2 updates and impressive other features are constantly updating the coin’s ease of use, accessibility, and security. However, if investors plan to buy SafeMoon, they should be wary that it is still highly susceptible to large price swings, which can lead to massive volatility.
Safemoon was probably one of the most popular meme coins in 2021. The project captured the crypto community’s attention with its exciting features immediately after launching. It designed a unique charging mechanism to encourage buyers to HODL and disincentivize sellers from selling by charging 10% fees to anyone that sells Safemoon tokens while other owners get 5% of the fees.
This month, Safemoon got an overwhelming response from its community after announcing the launch of the SafeMoon Card. The card is powered by Baanx, a B2B2C 100% Service provider for API driven digital/crypto friendly Financial Services, and issued through Optimus Cards UK Limited, a principal member of Mastercard, and a licensed E-Money Institution by the Financial Conduct Authority.
According to SafeMoonWarrior, 9 features would be available on the SafeMoon Card, with the most prominent one being instant fiat conversion from crypto. Other features include a Google Pay integration, support from the SafeMoon app, and a 2.5% transaction fee on payments.
Users can also use the card to make online purchases on e-commerce platforms such as Amazon. Through the information released by the team, the SafeMoon Card will be more like the normal VISA card, the only difference is that it will be transacting cryptocurrencies. However, a virtual card service would be available on the app for those who do not wish to carry a physical one.
More than 10,000 signups in less than 32 minutes as the latest move of SafeMoon allows its users and holders to have easy access to spend their tokens, which will drive further adoption. Besides, as one of the newest coins launched in March 2021, not all major exchanges have listed it except Gate.io, MEXC, BitMart and Bitrue, which restricts investors from buying Safemoon while limiting its redeem approaches. But now, with the newly released card, SafeMoon holders will no longer have to go through a cumbersome process of converting their tokens to fiat.
Will the SafeMoon price explode in the rest of this month?
While the announcement did not trigger any immediate change in the price of SafeMoon, a bullish technical pattern was in play on the hourly chart and a delayed breakout was highly possible.
Over the past couple of days, SFM has taken shape within an ascending triangle following the creation of higher lows and steady highs. The latest achievement could launch a buying flurry during the next risk-on broader market.
According to the prediction made by Business2Community, an independent online community that shares the latest news on social media, marketing, branding, public relations, and more, as markets recover, SafeMoon price could surpass its previous all tight and reach the £0.00001 level. At the time of writing, SFM trades at $0.0000021 on Gate.io.
The firm also believes in the coin while expecting the price of SafeMoon to rise year by year. It has a direct stake in decentralized finance, its V2 updates and impressive other features are constantly updating the coin’s ease of use, accessibility, and security. However, if investors plan to buy SafeMoon, they should be wary that it is still highly susceptible to large price swings, which can lead to massive volatility.
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