The crypto space has seen a diverse range of projects throughout the year. The Safemoon has been one of the unique projects launched in 2021, which has experienced massive growth since its advent.
Safemoon expands safely to the moon which was a tagline also used by Dogecoin. Like the other famous cryptos, Safemoon also works on similar principles like a higher TPS and improved security. But additionally, has promised to make investments safe by pulling down the volatility movements. Being launched only seven months back, the token was a massive crowd puller. With increased hype in the meme space, the protocol holds the solid potential to outpower chief of meme coins such as Shiba Inu and Dogecoin.
Wondering if an investment in this currency will be the next good thing to do? Fortunately, you are now at the place that will answer your inquiries. By the end of this article, you might be one of them who will be benefiting from their long-term investment at Safemoon!
|Market cap||$ 1,401,789,857.0000|
|Circulating Supply||$ 0.0000|
|Trading Volume||$ 0.0000|
|All time high||$ 0.0000 May 11, 2021|
|All time low||$ 0.0000 March 14, 2021|
What is the Safemoon Token?
The Safemoon protocol was launched recently on March 08, 2021. Safemoon’s official website quotes that, ‘The token is based on three main functions, Reflection(Static Rewards), LP Acquisition, and Burn’. The people who hold the token for a long time are eligible for static rewards. Moreover, The automatic LP helps to control the volatility of the price, keeping the altcoin a practically safe investment.
Maintaining the safety of the protocol, the developer burned all tokens in the Dev wallet before launch, having a fair launch on DxSale. The LP is locked on DxLocker for four year and generated with every trade & locked on Pancake swap. The network works on regular burning events, to keep the price movements at a check. Consequently, when the supply turns limited, the value of the coin hikes!
In simple words, Safemoon is just another digital currency that can be transferred across the globe at low transaction fees. Additionally, this altcoin vows to resolve conventional flaws in the crypto space, importantly-Volatility. Open arms to the safe deflationary coin? Safemoon lies on the existing blockchain, where it also becomes decentralized.
Unlike other currencies, you can buy, sell and trade SAFEMOON only on specific exchanges. According to Coinmarketcap, Pancakeswap and Bitmart are the only mediums for the safe currency, as of April 2021. Later, the coin got listed by BitBns, HotBit, Gate.IO, and three other exchanges.
Stepping into the space, earlier this year, the network aims to bring a revolution in DeFi, where static rewards are under implementation to relieve selling pressure in the market. Precisely, the currency is a good game for long-term investors, which incentivizes token holders as a bonus! A price cushion is generated by the automated Liquidity pool, making the investment safe for its token holders.
Remarkably, the network uses a manual burn-in technology over traditional burning methodologies, making sure that price volatility is under deduction when the supply rises. Despite the novel conventioneries, Safemoon experiences criticisms within the crypto market marking the currency as ‘Does nothing’ or ‘Farthest from safe’ taglines.
Soon after its launch, the altcoin got added to the meme coin list following Dogecoin and Shiba Inu. However, the bottom line hit hard when Safemoon price escalated in April as renowned celebrities like Lil Ytachy, a popular rap artist, Nick Carter (Backstreet boys) and many more.
Soon the network began collaborating with popular crypto platforms and institutions, expanding its empowerment. In March, a Safemoon X Bibipom partnership struck on-board. Later in May, the network collaborated with Simplex, a leading financial institution visioning to create the Safemoon wallets that can aid the coin’s users. Recently, the network is all into the beta test for the Safemoon wallet to be fully-fledged in use. Also, an NFT exchange development is lined up on their list!
SafeMoon Price Prediction 2021
The altcoin entered the market on March 9 and remained static until the 13th when it switched to $0.00000002. In not more than a week, the bulls on the card took the currency’s price to $0.0000004. On April 25th, the price reached an ATH of $0.000007, following embracement from external factors. However, unable to maintain the momentum, it entered May with $0.00000544.
When the market crashed, Safemoon lost a significant segment and wiped from $0.00000871 to $0.00000567. With increasing uncertainties, the altcoin reversed to $0.00000438 as it commenced June’s trade. Thereafter, the token failed to regain its strength and has undergone a gradual decrease till late September. In those four months, the altcoin has fallen by more than 400% from $0.000004025 in late June to $0.000001149 on September 29th.
Safemoon Price Prediction Q4: The start of the quarter has been massive for Safemoon, as SHIB initiated the spark in the meme season. The price of the altcoin has experienced a steady rise in the ongoing quarter. Notably, it has surged from $0.000001729 to $0.000006523 in the initial month of the quarter. At present, the Safemoon price appears to be undergoing a correction. It is now trading around $0.000004114, immediate bottom support lies near $0.00004539.
With the rise in bullish sentiments, the meme coin would break out at immediate support of $0.00003998. Further, the altcoin holds the solid potential to surge by more than 100% it would claim new ATH by the year’s end. On the contrary, if bears take over the control of the market then it would flip well below $0.000003522. With average buy and sell pressures Safemoon price would end up trading at $0.000006426.
SafeMoon Price Prediction 2022
If the price hits the positive highs by the year end, the 2022 trade might commence bullish. If that’s the case, the initial price for the coming year might be near $0.000006426. On the contrary, if SAFEMOON closes this year on lows, then the next year might start being bearish. And so, it may resume trading at $0.000003522 by 2022.
Undeniably down the lane, meme coins are hyped with a strong user base and social community in hand. So does Safemoon! Its Reddit community swelled in a very short span. If the network manages to boost its community users in the coming year, the coin price can hit cards at $0.0000089. If only regular buying or selling pressures pertain, then Safemoon may trade at $0.00000713 by the end of 2022.
But, Considering the fact that Safemoon has very little proof of success despite its novel introductory, a negative price movement can occur. If the network does not plan on any upgrade to boost its success rate and remains a budding project, a minimum price of $0.00000418 is possible.
5 Years SafeMoon Price Prediction
In the long run, Safemoon promises to be an outstanding investment as the liquidity force is under lock for 4 years. It is notable that when Whitebit listed the currency, it became a positive sign for the coin. Thus, if new exchanges like Coinbase Pro lists Safemoon, the price can skyrocket hitting a maximum of $0.0000192 by the end of the next five years.
Additionally, if the network goes for a series of manual burns in the coming years, it can keep up with its volatility promise. And so, the average price of Safemoon may strike at $0.0000114.
On the flip side, if SAFEMOON turns a gamble with increasing FUD among investors, the price can drop to $0.00000957.
What Does the Market Say?
As per walletinvestor predictions, Safemoon is forecasted to hit a maximum price of $0.000007, minimum it would flip to $0.000002. The token is expected to trade at an average price of $0.000004. Walletinvestor anticipates the meme coin to trade at an average price of $0.000004. And maximum price expected is $0.000006, minimum it would plunge back to $0.000001 by 2025.
According to digitalcoinprice, the price of Shiba Inu will not go down and will reach about $0.000006048 USD by the end of 2021. SHIB may rally to $0.000012 USD by 2025.
According to tradingbeasts, Safemoon is forecasted to hit a maximum price of $0.0000063, minimum it would drop to $0.0000043. The token is expected to trade at an average price of $0.0000050 by 2021. They predict the altcoin to trade at an average price of $0.0000125 by 2024.
Our Price Prediction
Safemoon has a substantial number of supporters and a growing community, as it is a cheap investment to make in the current uncertain market scenario. According to Coinpedia’s formulated Safemoon price prediction, it is currently a budding project and in the eyes of many platforms for a possible collaboration. In such a scenario, if the coin manages to suppress the selling pressure as it says, the Safemoon price can rise to $0.0000066 as the year ends. In contrast, buying the altcoin is still a roundabout process. If the network fails to simplify the purchase, the price can flip into a bearish trap and fall to $0.0000029.
As a long-term forecast, any possible market collapse and rising criticism regarding the coin’s pump to dump, SafeMoon’s price can drop down to $0.0000097. However, being low-priced crypto the altcoin has good prospects and reaches a high of $0.000019.
|Year||Potential High||Potential Low|
SafeMoon is a community driven, DeFi token that aims to excel in the crypto space by developing an NFT exchange.
SafeMoon can be considered for a long term investment as the price is expected to rally high in the coming five years.
Considering the present price and its movements, $0.1 seems to be very far off. However, crypto space is filled with surprises and hence this milestone despite being far off, may still be an achievable target.
To buy Safemoon token, one must have BNB. Later, using your wallet, browse Pancake Swap on your DApp tab ans in the swap option, select ‘Safemoon’. Enter the amount you want to swap and click on swap button.
*Note: You need to set slippage between 11%-12% before swapping
Very little is known about this cryptocurrency at this moment. Some belive it is a get-rich-quick scheme, some are currently unsure while some influencers refer it to a pyramid scheme.
Disclaimer: This piece of Article is only for informational purposes. It is not trading or financial advice.