Little is known about the cryptocurrencies and whether they're legit, meaning the risks to your investments are extremely high. You should only invest if you understand it and can afford to lose the money, and keep in mind the value can go down as well as up in the blink of an eye.Ĭryptocurrencies are also highly volatile and a speculative investment, with limited track records and no underlying value. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, told The Sun: "There are now thousands of cryptocurrencies and tokens in circulation with the names becoming weirder by the day. SafeMoon technically isn't a cryptocurrency but a DeFi token, which stands for decentralised finance token. They are very complex but essentially aim to disrupt the finance world to enable people to follow and lend in peer-to-peer networks, without needing a bank. Like Bitcoin they use a complicated method called blockchain technology. SafeMoon claims it will reward people who buy and hold onto the cryptocurrency.įor those who sell the currency on will be slapped with a penalty. SafeMoon charges sellers a fee worth 10% of the amount of the cryptocurrency they are flogging to buyers. It then claims to reward investors that hold onto their purchases by redistributing 5% of the cash gained from the penalty charge among those who already have the currency. He added: "You’re simply reliant on someone further down the line being willing to pay more than you did to turn a profit, which is a risky bet indeed." Meanwhile, SafeMoon is similar to a pyramid selling scheme, said Mr Khalaf. While Ms Streeter said: "Much of the demand has come from traders hoping to benefit from future price rises rather than using the coins or tokens as a means of exchange.Would like to know the latest PooCoin Network price? Here is it as well as other useful data about this kind of cryptocurrency. At TheBitTimes.Com, we collect and provide any valuable content on it such as 1 POON to USD so that you could make a favorable investment and have a positive result. All Data You May Need about PooCoin Network Perspectives and Costĭue to TheBitTimes.Com, you will be aware of all the latest news. Thus, you won’t have a question: ‘How much is a PooCoin Network worth?’ All data are thoroughly analyzed and presented for your convenience! Secondly, you are able to look through the following important aspects: market cap shows the collective value of all sold coins, low/high value demonstrates the minimal and maximal value of 1 coin among other stock exchanges, and volume is the total value of transactions on stock in a day.įirstly, everybody can get acquainted with PooCoin Network price today – these data are renewed with a high speed as we appreciate your wish to have up-to-date information at hand. If you keen on PooCoin Network price chart, we offer it – just choose the period you need (from 1 day to maximum) and get a full analysis of its falls and growth during the appropriate period.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |