Does SafeMoon have potential?

Safemoon remains a decent coin to buy for good returns in the future. It’s a meme coin, which means the asset is susceptible to massive price swings. Just as well, its low price makes it an attractive option. As our Safemoon forecast shows, the asset has some potential .

The controversy surrounding SafeMoon involves the supply . Big-league traders known as whales have been known to own enough of the supply to make investors nervous. If these whales should decide to cash out in what’s known as a “rug pull,” the other investors could be left holding the bag.

The current total market value of SafeMoon is close to $1 billion, ranking it 214th in terms of market dominance, according to CoinMarketCap. Not bad for a brand new cryptocurrency competing with more than 9,000 other coins, but not necessarily a good investment , either.