Have you heard of the Scam coin which has gained a lot of popularity recently thanks to its excellent market cap? Should you invest in it? Is it a scam? Here you will find answers to all your questions.
A person from the United States created a new Crypto token which achieved a market cap of over 70 million within the first hour.
The Scamcoin Price is rising and it looks like people are getting hold of it.
About Scam Coin
Simple Cool Automatic Money preferentially as we know it. “Scam Coin” is a cryptocurrency token. It was released just yesterday by the guy who filmed TikTok about it. The owner claims he did it just for fun and never thought he could get such an overwhelming reaction.
It could be the first unregistered cryptocurrency to reach a market cap of more than $ 70 million within one hour of launch.
First, let’s look at some of the specs before discussing Scamcoin Price and its true value. Read this article to the end to know if it’s worth the investment or not.
Specifications of “Simple Cool Automatic Money”
• The total supply of Scam Coin is 10,000,000,000,000.
• Scam Coin’s total market capitalization has reached over $ 1.6 billion.
• Scam Coin’s BNB LP (liquid suppliers) shares are just over 40 BNB, equivalent to $ 20,000.
• The taxable amount on purchase varies by location depending on the convenience fee.
• The token can be bought or traded like any other BNB or BSC based token.
Meet Scamcoin Price
The Scam Coin price fluctuated greatly. One of the main reasons is that it is only a day old and just because it was gaining in popularity some people invested in it just to be part of the trend with the all-time Scam Coin record reaching over $ 0.002841407 apiece. sign.
Currently, the price of the Scam token is approximately $ 0.000216565. It’s a big diffrence. It is known that this happens with new cryptocurrencies because people are too excited about new trends.
Now that we’ve seen the Scamcoin Price let’s see if it’s worth it.
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Is Scam Coin worth investing in?
My answer would be no. The crypto token is new and Liquid Burn can eat up 80% of its market cap. Scam Coin is too new to be trusted.
Trading cryptocurrencies is not an easy task. Just because a token looks promising and trendy doesn’t mean it will work well. There are many factors, such as fluidity and combustion, that can change everything.
The Scam Coin may have gained popularity and a spike in market cap, but it is too risky and people will soon see the Scamcoin Price drop.
What’s your favorite cryptocurrency? Comment below and share with your friends.