Green Moon Crypto: Should You Add This New Token to Your Wallet?

When a new token comes onto the block, it can generate a lot of buzz… At least if the marketing team behind it is doing its job. And when it comes to Green Moon crypto (GRM), that was certainly the case. What’s most surprising is that the hype behind it appears to be warranted.

In just a few of days after its launch, Green Moon’s value shot up a couple thousand percent. Admittedly, we’re a bit jaded about these initial coin offerings. And that kind of growth just doesn’t seem sustainable. But the promise of riches captured the attention and imagination of investors. This despite a couple of red flags.

First, Green Moon crypto is marketed as a long-term hold. A 12.5% tax is applied to any buy or sell transaction. This tax is then applied to three things. A third is used to return liquidity to ensure stability to the token’s value. Another third is used to repurchase Green Moon and then burn it. This is done to keep the value going up. And the last third is applied to marketing purposes.

While none of that sounds terrible on paper, the project’s white paper notes that over time this should increase the value of each Green Moon crypto token to $21,000,000. That’s a pretty grandiose figure. Even for a token trading around $9,500 a piece. But keep in mind, just a few weeks ago, it was trading at $0.007 a token.

The other figure that caught our attention was that the team anticipates Green Moon’s value to increase by 12.5% every eight hours. Again, its value has been steadily charging upward. But if it lives up to that promise, Green Moon will be catching up to Bitcoin in a matter of months… And that still seems a little unlikely.

Is Green Moon Crypto Going to the Moon?

Maybe we’ll be proven wrong. Maybe Green Moon crypto will manage to rise in value by 12.5% every eight hours in perpetuity. And maybe it will mint a whole new round of super rich crypto investors. After all, its initial target price was $0.0000000001. So, it’s already made some impressive strides.

That being said, maybe… just maybe, the hype touted by the marketing team funded by that transaction tax isn’t just hype. Again, we’re not holding our breath. That encouragement to hold long-term just sounds like a way to build up the number of holders (while increasing the value) before the founders cash out and abandon ship. Jaded? Perhaps. But we’ve seen it before. And they’re on the rise. The release of Green Moon crypto alongside the rise in other cryptocurrencies’ value seems a little suspicious as well. But that could just be a coincidence.

While we think it’s extremely unlikely that Green Moon will be hitting its $21 million goal anytime soon, it could still be a fun speculative play. And some investors could still make some money from it. But with no clear use case, it’s sheerly a gamble at this point. That being said, there’s nothing wrong with bellying up to the poker table if you’ve got a few bucks to lose. If you’re feeling lucky, here’s how to buy Green Moon crypto…