Cryptocurrency traders and investors have different views when it comes to the current state of the cryptocurrency market. Some view it as a bearish market and want to stay away from it, others see it as an opportunity to buy the dip and accumulate more.
Could this be the best time for traders and investors to buy the SafeMoon token? The SafeMoon token holds lots of splendid promises as its developers have revealed. Will the future ways to tackle inflation by the United States Federal Reserve lead to another bearish cycle for the SafeMoon token?
Gate.io is a global exchange platform where you can view the live trading chart of the SafeMoon token on a trading pair with USDT. At press time, the SafeMoon protocol is trading at $0.0004461 and down 1.26% in the last 24 hours.
You can buy SafeMoon token on the Gate.io exchange because it is fast, reliable, and secure. Despite the bearish market, the SafeMoon team kept making sure the utility of the SafeMoon token increased in value by rolling out products such as the SafeMoon Merch.
Buy The Dip or Wait For The Bull Market (H2)
Are traders and investors buying the dip or waiting for the next bull cycle? While some want to buy the dip, others are skeptical due to the current market trend. There have been lots of predictions from various financial analysts about the Cryptocurrency market, some predicted that in Q2 it will be bullish, but the reverse has been the case.
Looking at the effect of the crash of Terra Network and the United States Federal Reserve’s decision to increase the interest rate on the cryptocurrency market, traders and investors have constantly seen the market from different views.
The SafeMoon team is still working to make sure the community members make some good gains as they keep increasing the utility of the token. The founder of the SafeMoon token took to his Twitter handle and tweeted ” Every day that passes, we are one step closer to the release of the #SAFEMOONEXCHANGE. Lots of moving parts, all coming together. From the creatives and compliance teams to the team doing the coding. “Will this be the best time to launch the SafeMoon exchange?
Furthermore, there is no official date for the launch of the SafeMoon exchange. John Karony, the CEO at SafeMoon tweeted ” The #SAFEMOONEXCHANGE release is sooner than some might think.
Please manage expectations, and do not speculate on release timing.” He said, there are still some steps before it will be completed. So the SafeMoon community and investors are waiting for the official date for the release of the exchange and the effect on the SafeMoon price.
