Santa Coin gained  1242% and has Crashed Back Down | Is it a buy or is it a Scam?

is Santa going to be a meme coin like Shiba?

The cryptocurrency market has recently been riddled with numerous scam coins, coins created by a small group of people who hype up the coin to rise its price exponentially which causes the coin to get popularity and than when more people buy in the “developers would just sell out everything they have, totally causing the value of the token to plummet to basically nothing. A token that recently turned out to be a scam was Squid in which allegedly the creators of the token got away with millions of dollars. 

Now another coin has popped up that also exponentially rose in price and has come down ever since. This new coin is called Santa Coin and the developers claim that they are working on some really amazing projects that once released, will exponentially increase the price of Santa Coin from what it is today. Of course, everyone always wants to buy in on the next Shiba or the next Bitcoin and turn a few dollars into millions but it is hard to trust new coins like Santa as they could easily be a total scam. 

Santa Coin’s massive Rise in Price

Santa Coin is a very new cryptocurrency that was just recently listed on to the market. Since it was listed it reached $0.000000002100 on November 2nd which is 1242% higher than the price it’s sitting at today. As you can see in the chart below, Santa reached its ATH and quickly came down before going up by a bit and coming back down to its original price range before the massive increase. 

Santa Coin price chart

This rise in price on the surface is a good sign because it shows that the developers may not be scammers as they didn’t immediately sell as soon as the coin went up but the problem with that idea is that they may have caused the price increase to get hype for their new coin. It is not really clear right now whether Santa is a scam or not but if you still want to invest, you should definitely be careful and you should be prepared to loose all of the money invested into the new coin.

To read more about Santa Coin and their project plans read the article below or click here. 

Will this very new coin be the next crypto to 1000x? Santa Coin Analysis | What is Santa Coin?

As anyone who is in the cryptocurrency market knows a very fast but also very risky way to quickly get extremely massive gains of like 100x is to buy into a small altcoin before it gets popular. This is obviously a very risky thing to do because you never know if a new cryptocurrency will go up or go to zero. Santa Coin is a cryptocurrency that has been out for only a couple days and recently pumped up but has come down by about 50% since then. If Santa coin is a good cryptocurrency it may be the next coin that gives 1000x gain to those who bought in quickly but it may also be a total scam.

What is Santa Coin? 

Santa Coin is a new coin that claims it gives those who hold the coin BUSD rewards. Right now that’s all Santa Coin seems to be as the project that they advertise has not been rolled out yet or at least it isn’t available to the public.

According to its website, the main utility of the project is their “play-to-earn racing Santa game” in which the Santa non-fungible collectible tokens will allow the player to participate in a game where they can play to earn real life money. Appearently in the game… Read the full article by clicking here. 

Tags and Keywords:
Technology, Investment, Cryptocurrency, Crypto, Blockchain, Bitcoin, Meme Coins, Scam Coins, Santa Coin, Santa, Santa Crypto, Santa Token, New Crypto, New Altcoin, Crypto Predictions

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Ali F
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