In this article, I’m going to be showing you How Safemoon will get to top 10 biggest cryptos this year. So make sure you stick around to the end of this article to find out everything.
This article is about something that not many of you know. Not the wallet, not the exchange. You might wonder like how safemoon can be ranked top 10 if not these projects? Well, watch this article to find out.
Also Read – Why SAFEMOON Wallet Is Better Than BINANCE | Explained 2021
How Safemoon Will Get To Top 10 Biggest Cryptos This Year?
At first, I want to give a little update on Safemoon wallet, but if you think that Safemoon wallet is how safemoon will get to top 10 cryptos, you are wrong.
Hey guys and welcome back to the Seriemaza.com. I’m going to show you how SafeMoon will make it into the top 10 biggest cryptocurrencies of 2021.
As I already said, at first I will give some updates on upcoming Safemoon wallet. Not sure how you’ll take it considering that everyone is reacting differently to the announcement.
But I’ll be letting you know and then you can let me know your thoughts in the comment section. Alright, that said, if you enjoy this article, then you’ve got to give it a like.
Also, consider subscribing to the channel and turning on notification so you always know once I drop a new article which is every day, by the way.
Alright, with that out of the way, let’s get into today’s article. We’ll begin with the SafeMoon wallet update.
So, here is a tweet from CEO John Karony where he says.
We use Day/Month/Year. Open Beta is open on the 7th of August in this year of 2021.
— John Karony (@CptHodl) July 25, 2021
People have reacted differently to this announcement, although, understandably, reactions have been mostly negative. Many SafeMooners are disappointed that there would be another delay in the release of the much anticipated SafeMoon wallet.
Could it be as a result of Karony coming down with the COVID virus recently?
That could have been a factor except that Karony made it clear that the team was working on the wallet even though he wasn’t feeling well.
Per his last tweet where he updated everyone on his health status, Karony made it clear that the team was still on schedule.
But apparently, that has changed. In fact, generally, it’s been quite an upsetting time in the SafeMoon community recently.
Not only have we been disappointed by the delay in the launch of the SafeMoon wallet, it also turns out that open beta isn’t so open after all.
Apparently, SafeMoon plans to launch open beta on the 7th of August. However, this “open” beta will still not be open to the entire public.
Only 10,000 people would be able to access it. SafeMoon announced that in a tweet posted yesterday.
“Big News!
It’s official.
The #SafeMoon android open beta launches 7th of August, 2021. 10,000 will be given access!
Who wants in?!
#SafeMoonWallet.”
Frag995, a developer and Redditor, gave possible reasons for the delay and the closed open beta, in his own opinion.
I’ll just read to you what he said. “Guys, you have to understand that not only the app itself is being tested.
An app is structured in many layers and it’s far more complicated than you could think. The fact that you see it as a simple “push the button to do things” is because people worked hard to make it look easy.
With the open beta, they are stressing their system with a larger batch of users, and I can assure you that during August, there will be an open (really open this time) beta before the real release.
Only a fool would release a complete new product to almost 2 million potential users without doing months of beta testing.”
So, what Frag995 seems to be saying here is that this isn’t the big open beta we were all waiting for? There would still be another series of beta launches to really test the wallet before it finally gets lost.
If Frag995 is correct, then we don’t need to worry because there would still be one real open beta thrown to the entire public about a week before the wallet’s final release.
Speaking of, we still do not know why exactly the wallet’s launch is being delayed. But Frag995 the developer explains that it is common in dev-ops.
“Nope, sorry but whoever said or thought that their internal deadline to release the wallet was at the end of July is wrong or didn’t carefully read Karony’s tweet about it.
The tweet (I’m talking about the 27th of June one) was specifically saying that the goal for the beta launch was the end of July.
Also Read – SAFEMOON BLOCKCHAIN Closed Beta for 1000 People | Explained 2021
Now, my friends, I don’t know about you but a goal is not a deadline. It’s more like a “we would really love but we are not sure,” and let’s be honest, a week more than the goal is not a problem.”
So, if we are to go with the developer’s explanation, the problem was a break in communication. We only misunderstood the team by misinterpreting what they set as a goal to be a deadline.
What do you think? Do you agree with Frag995? Well, let me know your thoughts in the comment section.
I, for one, do not think this is a problem of communication. Instead, I think the team ran into a snag which is now causing the delay.
Anyway, if the beta will be launched on the 7th of August, then when can we possibly expect the wallet itself?
Well, CEO John Karony hasn’t exactly mentioned anything in that regard. It is possible that we will get the wallet in September.
Maybe 12 9 21 is the date after all. No one is sure.
Again the developer explains, “Now, since this is not a game but we are talking about our money, do you prefer to wait even 2 to 3 months more but have a secure and stable wallet?
Or you want the product right now filled with bugs?
Now, realistically, all the developers out there.
ALL will tell you that a delay is far more normal than respecting the original deadline. To be honest, if my boss tells me that my deadline is the end of August, I already know that, at least, mid-september is the real deadline.”
Following this logic, therefore, it might be until mid September before we see the launching of the SafeMoon wallet. Definitely not the best news right now.
But, of course, it’s a much better proposition and getting a wallet we would all hate barely minutes after using it.
As always, let me know what you think in the comment section. So, that said, let’s get to the second part of this article real quick.
We are talking about how SafeMoon will make it into the top ten biggest cryptocurrencies of 2021.
Alright, look at this. “When the #safemoonsqueeze happens, you can expect SafeMoon to move into the top 10 coins.
Just like with Doge, nobody can tell you when it’s going to happen, but when it strts happening, you will KNOW.”
So, just in case this entire tweet flew over your head, not to worry. Here’s what it means. In essence, people are planning that, on that day, they would buy and HODL loads of SafeMoon tokens.
When this happens, there will be a massive amount of burn which would naturally draw attention to SafeMoon.
If this happens, we are going to see a lot of people FOMO in and the cycle goes again, more volume, followed by more burn, followed by more attention.
You probably get the pattern now. So, basically, we’re triggering a rapid burn so that more people can get interested in SafeMoon which would send the price of SafeMoon soaring.
Now, first off, I didn’t even realize the squeeze was still a thing. But, anyway, if you ask me if this could work, I guess I’d have to say yes, it just might and that’s mostly thanks to tokemomics.
Some people are against the squeeze because they believe it will only give us a false high in price after which the price would then fall again.
But think about it this way, after the great big burn wears off, who is going to sell? Really, no one would sell.
The early adopters most definitely wouldn’t because they know that whether or not we see an increase in price for SafeMoon, their balances will keep going up as long as they HODL.
Those who FOMO in would definitely not want to FOMO out since no one is leaving. And that’s the exciting thing about tokenomics.
That’s why we might just get into the top ten biggest coins in 2021. Tokenomics gives us stability compared to other coins and tokens thanks to the implementation of taxes and reflections.
Two of our stepping stones into the list of the top ten biggest crypto of the year. Now, according to the tweet, nobody can tell when the squeeze is going to happen.
But if we are to make a guess as to a possible time period when this might happen, it would have to be after the wallet is launched.
Doing a squeeze right now would be almost impossible since buying SafeMoon is still a little complex. We might not be able to achieve the massive, wide-scale buying and HODLing if we did that now.
But with the launching of the wallet, there’s the buy button and buying SafeMoon is going to be a whole lot easier which would facilitate the squeeze.
Now, as it stands, the wallet might just be coming in September. If that’s the case, then there’s plenty of time to do the squeeze and plenty of time to enter into 2021’s top ten biggest crypto.
Also Read – How Safemoon Coin Will Reach $1 in Price This Year | Explained 2021
Conclusion –
So, what do you think? Is the SafeMoon Squeeze the thing to take us into the top ten?
Do let me know in the comment section. Anyway, this brings us to the end of today’s article How Safemoon will get to top 10 biggest cryptos this year. If you enjoyed this article, then please like this article and comment something.
But, note that I’m not forcing you to invest in this project. It’s 100% your personal decision. Also if you are interested in getting price predictions and crypto news literally every hour.
Disclaimer – This article does not encourage you to buy any of the cryptocurrencies / or investing at all. This is just the opinion of an amateur, not a financial advisor. Before investing in cryptocurrency, I recommend talking to your financial advisor and do your own research.