SNM got pumped by 5000% , What should you do now ?

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Cryptocurrencies are volatile in nature and anyine who has been in this industry knows that. We have examples like Luna that dropped by thousand percent overnight and we have example like alice token that gained price in thousands percent.

If you do not have a proper research about the market then you can end up picking huge loses for yourself. So always do your research before you think of investing your money into a project.

Let us talk about a recent crypto pump that happened last night. There is a token on Binance known as SNM that pumped by 5000% in less than 12 hours and that is really insane. This was a unpredictable pump and i am still trying to find out what is the reason behind this pump.

Let us take a look at the SNM chart below.

The token was trading at $0.2 yesterday so even a $20 of investment could have resulted into a $1000 profit in just less than a day. Now as this token has pumped by 5000+% it must have created a FOMO among the people already ( specially the new comers ).

Let us just have a quick look into the stats of this token and then i will share my thoughts about what should people do in regard to this token next.

So what should you do now ?

• If someone bought this yesterday on lower price i will recommend them to sell this token at this much profit as this will be coming down soon. It is a very temporary pump provided there is no news about the same. The token was already listed on binance so this pump in my opinion is just temporary.

• To those who don't have this token please don't get stuck into a FOMO and save yourself from buying this token atleast at the present situation. Even if you have interest into this token wait for it to come down and then you can buy it.

Also the bottom is yet to come as of my observation and analysis so you never know this token might sink in well with the upcoming downfall that also predicts the btc falling down to 11k dollars.

Before leaving and ending this blog i would like to say that these are just my thoughts based on knowledge and observation i have. You are not forced to do what i say and as i said in the beginning you can do your own research and take decisions accordingly.

Thank You