Should I Invest In Samoyedcoin: let’s find out in this quick article. Samoyedcoin piqued our interest recently, so we did some investigation, and thought to publish a blog post on what we found.
What is Samoyedcoin?
An evolutionary meme coin was created in April 2021. Samoyed coin, or $SAMO. But what precisely is a Samoyedcoin coin? A cryptocurrency token or coin called $SAMO is built on the Solana network. Although Samoyedcoin is not the first meme coin, it is the first meme coin to utilize Solana and the benefits that its network has to offer. Samoyedcoin set out without plans to become Solana’s ambassador coin, pushing the network’s capabilities and limitations as far as they can for the Web 3.0 community with a brand-new, innovative concept that has cheaper transaction fees and quicker transfers thanks to the support of the Solana network and the coin’s founders.
“$SAMO is an emerging digital asset that backs a community concentrated on onboarding Solana users, educating market participants, making personal connections, and helping each other navigate life.
While we’re the fastest, most efficient, and most eco-friendly dog coin in the game, we aspire to be MORE than that; we aspire to be Solana’s Ambassador.” – Samoyedcoin
Is Samoyedcoin a Meme-Coin?
With that being said, $SAMO have it in their intentions to steer away from being a solely based meme coin,
Proof-of-stake secures Samoyedcoin with Proof-of-history algorithms.
Solana combines Proof-of-Stake with Proof-of-History (PoH), creating a unique hybrid consensus algorithm. An essential characteristic of Proof of History is that the blockchain is extremely fast but, at the same time, can guarantee its security in a decentralized manner.
How & Where Can You Buy Samoyedcoin?
If you wish to invest in Samoyedcoin, the process is reasonably straightforward, and here’s how you do it. Please note that you will need to register for one of the many altcoin exchanges that support
- Buy BTC with FIAT money.
- Register to an alt-coin exchange
- Transfer BTC to alt-coin exchange
- Exchange your BTC to $SAMO
For purchasing BTC to exchange, we recommend Coinbase.
For then exchanging your BTC to $SAMO, we recommend Gate.io & Binance.
SAMO 2022 News & Road Map
In 2022, $SAMO had plenty of new features to roll out from their road map. Here are just a few innovative and exciting features that are on the horizon for this flourishing meme-coin.
- SAMO Stats Twitter Bot
- SAMO “Hall of Memes”
- Roll out SAMO Academy
- SAMO NFTs
Predictions of Price
Nobody can anticipate the future regarding the forecast for this meme-coin and its value projections. Having said that, its projections appear to be very interesting. Here are some of the predicted prices from analysts.
That takes us to the conclusion of the samoyedcoin review. When it comes to deciding whether or not to invest in Samoeyd currency, there is no simple answer. It is always critical to do a study and investigation on the asset in which you wish to invest.
Gathering your knowledge from sources such as a coin’s whitepaper can give you a complete understanding of the coin’s goals and ambitions. If the question was, “Do you believe it’s wise to invest in $SAMO?” We and many others feel bullish for the cute canine addition to the crypto world.
In essence, this coin is equivalent to Shiba Inu in terms of Ethereum and Dogecoin in Bitcoin. After reading the provided whitepaper, we believe this is a very attractive investment opportunity for those who clearly understand the market conditions and potential risks of investing in any asset.
It might soar, but it could also plummet. It is crucial to remember that cryptocurrency is highly volatile, and analyst predictions are wildly inaccurate.
With several reviews already under its belt and an impressive future road map laid out, $SAMO has a great chance of becoming the network’s spokesperson. After all, it is the first of its kind.
It’s also crucial to remember that $SAMO may have started with the meme coin idea but intends to be much more than that. Despite the present bad circumstances, the success of NFTs and Solanas in the last 12 months leaves much to be desired for the future and this new hybrid meme-coin.
Click here for more detailed information, Samoyed coin news updates from 2022, a road map for the implementation of this coin, and much more.