I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.
One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.
Well thank you so much for your information actually this is my first time of hearing about this safemoon reason is because I don't always look at altcoins, is just like those new Investor's who rush into meme Investment due to the stories they heard about how those old investors made a huge profit from meme and also altcoins so after hearing this stories they will just rush out to invest, without even paying attention to those risk because they don't want to miss the opportunity, most of them end up experiencing lose in the market. however is very good to think twice before making any investment we shouldn't be carried away by what people are saying out there.