Finance experts have warned investors that SafeMoon is susceptible to “pump and dump schemes”, where the price dramatically falls.
There are a number of limitations to the crypto, and the jury is still out, according to Black Book Investments CEO, Mohit Tater.
He told Express.co.uk: “The reason why SafeMoon has caught the attention of the public is its 7,000 percent price spike, with investors boasting about turning $3,000 into $91,000 in three weeks, along with other success stories.