SafeMoon Price Prediction 2022-2031: Does SafeMoon have a future?
Safemoon Price Prediction 2022-2031
- Safemoon Price Prediction 2022 – up to $0.00000001
- Safemoon Price Prediction 2025 – up to $0.00000002
- Safemoon Price Prediction 2028 – up to $0.00000007
- Safemoon Price Prediction 2031 – up to $0.00000021
With the cryptocurrency market’s growth, many new digital currencies have been appearing. One such example is SafeMoon. SafeMoon’s name is associated with “to the moon” in the cryptocurrency communities. While it is unclear who originated the phrase, it has probably raised the support level for the coin. The currency that started as a wink coin is now trading at $0.00000000548. This Safemoon Price Prediction helps you track this coin’s journey.
Competing and bracing in the challenging markets, SafeMoon is a cryptocurrency that refuses to bow down to central government pressures or be chained in defective and regulatory monetary shackles. SafeMoon has made it possible for everyone to store and transfer value in a currency that is resistant to manipulation. The ‘safe ‘part of its name is perhaps a slang term in the crypto market that indicates approval rather than a reference to the coin’s apparent security.
Today’s SafeMoon price is $5.74e-9 USD with a 24-hour trading volume of $61.10. SafeMoon is down 0.41% in the last 24 hours. The current CoinMarketCap ranking is #1001, with a live market cap of $3,224,646. It has a circulating supply of 562,008,612,142,605 SAFEMOON coins and a max. supply of 1,000,000,000,000,000 SAFEMOON coins.
Despite the bear market, here’s hoping that the current avid community continues to support this project. Let’s see what happens and DYOR before investing.
Also Read:
- SafeMoon Wallet Review
- Which Exchanges Sell SafeMoon and How to Buy it?
- Quick Guide on How to Mine Safemoon
What is SafeMoon?
SafeMoon (SFM) is a token circulating on SafeMoon protocol. It is a DeFi “community-driven” project designed to help democratize yield farming. It was launched in March 2021 and quickly became one of the most exciting meme coins. It runs on the Binance Smart Chain, making it less accessible than other digital assets like bitcoin or Ethereum. SafeMoon plans to develop an NFTexchange, charity projects, and cryptocurrency educational apps.
SafeMoon doesn’t have any unique use cases, i.e., it’s simply a cryptocurrency, but it does have some exciting features. The token holders pay a fee out of every trade – a 10% commission. Half of this commission is distributed between all the holders, and the other half is partly locked into a smart contract and partially put into a liquidity pool. This token-sharing mechanism aims to prevent the occurrence of significant price dips when large volumes of tokens are sold.
SafeMoon aims to solve the “liquidity problem.” Essentially, liquidity providers like Aave and compound bring in millions of dollars a day, with new users coming in all the time to try and farm tokens. SafeMoon discourages these users from doing so, thanks to a transaction tax. The commission works both as a penalty for speculators, rewarding long-term holders, and as a way to ensure liquidity and provide static rewards for those holders. This unusual mechanism raised some concerns about the possibility of SafeMoon being a scam.
Those doubts were fuelled further by the announcement that the team will execute manual burns instead of algorithmically defined ones – many feel this gives the team too much control. On the other hand, the dev team burned their tokens to ensure a fair launch, and overall, they seem accessible and eager to answer any question to alleviate doubts.
With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.
SafeMoon V2 Migration
On December 13, 2021, SafeMoon announced its migration from Version 1 to Version 2 – a move intended to ease SafeMoon (SFM) transactions and improve the project’s features. Also, the V2 upgrade consolidated SafeMoon’s token to a 1000:1 ratio and moved to a new contract address. This migration reduced the token’s circulating supply without tampering with the user’s overall balances. The primary variable affected by the SafeMoon V2 upgrade includes the token’s value, transaction fees, and earnings.
How to Migrate to SafeMoon V2
Here’s how to migrate your SAFEMOON tokens from v1 to the V2 platform:
- From SafeMoon Wallet: Consolidation in the wallet requires the most recent software update on your smartphone, so make sure you do that first before proceeding. Clicking on the ‘consolidate’ tab and following the on-screen directions until ‘completed’ will bring up the next steps.
- Non-SafeMoon Wallet Users: To migrate your v1 tokens, you need to visit swap.safemoon.net and link your wallet. You can connect BSC or Ethereum wallets like MetaMask, TrustWallet, SafeMoon Wallet, MathWallet, WalletConnect, and Binance Chain Wallet.
To begin, you must first tap on the button that indicates “Consolidate to V2 SafeMoon!” and follow the prompts provided.
- Tokens on Exchanges: For SFM tokens held on exchanges, users do not have to manually initiate the migration from v1 to V2. The respective crypto exchanges can handle the consolidation process themselves, and you will receive email notifications when completed.
- Token on Hard Wallet: To consolidate your SFM tokens on cold or hard wallets, you must use your private keys to import the wallet into your SafeMoon Wallet app, then follow the first step above.
What are the impressive features of the SafeMoon Coin?
Token Consolidation
The SafeMoon V2 upgrade introduced the consolidation of SafeMoon tokens (1000:1). In other words, 10000 SAFEMOON at $1000 on v1 now becomes 10 SFM at $1000 on V2, thereby raising the token’s value. The number of tokens owned by a holder changes, but their actual worth remains the same. Simply said, your money does not reduce or increase; only the token you own changes.
Improved Accessibility and Security
Whenever a SafeMoon transaction is initiated, a fee of 10% is charged, of which 5% is distributed among holders in a process known as reflection. The remaining 5% is allocated to liquidity pools that offer SFM on DEXs. Certain exchanges lacked the structure to allow holders to earn a share of the reflection. However, SafeMoon V2 hopes to solve that problem by making it easy for SafeMoon holders to receive their reflection share.
SafeMoon Price History
SafeMoon launched on 8 March 2021 with an initial price of $0.000000001; traders started to get interested, and the price soon reached $0.00000158 on 3 April. By April 20, the value of SAFEMOON had surged to $0.00001399, a 785% increase in value. To put things even more starkly, if you had bought into SafeMoon when it was launched, then you would have seen the value of your investment shoot up by a stratospheric 1,398,900%.
If you had bought a dollar’s worth of SafeMoon coins when it launched and sold at its peak on 20 April – just over a month after it became available – you’d have ended up a millionaire, even after your SafeMoon sales tax had been taken.
The mega-boom was short-lived, however. By the end of April 2021, the token had lost 61% of its market value. Since then, the price has gradually declined and closed at $0.00000207 on 23 August, according to CoinMarketCap. Between September and October, SAFEMOON traded between $0.000001075 and $0.00000654, giving room for some gains. SafeMoon opened trading in November at $0.000005272 but soon went bearish and closed out the month at $0.000003079.
December 2021 was a defining month for SafeMoon as the development team launched SafeMoon V2, and the value of the coin was consolidated on a 1000:1 ratio. From the earliest data available, SFM opened trading at $0.001639 on December 16 and ended the month at $0.002558 – a 56% price increase attributable to the positivity surrounding the V2 migration.
SafeMoon V2 gained some momentum at the start of January 2022 and soared to $0.004798. The SafeMoon token value declined steadily afterward, and by the end of February 2022, it had lost 77.9% of its market value.
Perhaps the most exciting comparison to SafeMoon is Dogecoin, another cryptocurrency whose market rates seem to be influenced by online enthusiasm more than anything else. Dogecoin price stayed at minimal levels before reaching around half a dollar recently. While SafeMoon is nowhere near that level, it is another meme-style coin that could potentially experience a massive upshot.
SafeMoon V2 (SFM) started at $0.001192 on March 1, and currently, its market price is $0.001263. The token’s price had gained over 2% in 24 hours, while its 24-hr trading volume had increased by 26%. In addition, the self-reported market capitalization and circulating supply of SFM are $730,286,137 and 575.00B SFM, respectively.
SafeMoon Developments 2022
In February 2022, an emerging utility coin, EverGrow Coin (EGC), announced its partnership with the developers of SafeMoon. The baseline of this partnership is to make EGC swaps available on the native SafeMoon crypto wallet. Consequently, the availability of EGC will make the SafeMoon wallet more useful to speculators and potential investors.
On a much bigger scene, the EGC partnership could be a significant game-changer for SafeMoon, as the former is gaining massive traction in the crypto space. Purchasing EGC via the SafeMoon wallet could potentially spur the market price of SFM to newer heights.
Having detailed SafeMoon’s journey, let’s get into the price predictions.
Safemoon and Croge Comet Partnership
The Croge team announced that their first BSC to CRO bridge was live. The Croge token is the first token on Cronos to have this feature. Well, this means that the entire BSC world can safely bridge BNB, convert it to the Croge token and bridge BNB to Croge and then sell Croge for Cronos tokens. The bridge is the portal from CRO to BSC for anyone who does not know how to get Cronos currency. The update allowed Croge to partner with Safemoon, which runs on BSC. The Croge token is now available on Safemoon swap and wallet.
Safemoon App Upgrade
In August 2022, Safemoon developers made some exciting upgrades to the Safemoon application. The application is available on the google play store and Apple store. The developers integrated the Polygon and Binance Smart chain blockchains into the app.
The integration means users can now view their collections on these chains in-app. The update includes price alerts for BSC, ETH & CMC top 100 in the Safemoon wallet on iOS & Android.
The Safemoon update is now rolling out in app stores worldwide!
The preceding updates included Blockbuster tech and Grove tokens listing on Safemoon swap.
Safemoon Technical Analysis
Safemoon price has been descending in turbulent fashion throughout 2022. The price of Safemoon has been declining at a rapid rate, however, it seems that the decline may be over for now as prices have shown signs of bottoming out and attempting to form a decent support level.
Looking at the technical indicators, we can see that Safemoon’s RSI is indicating oversold conditions, suggesting that prices may be due for a bounce.
Additionally, Safemoon’s MACD indicator is showing that momentum has shifted upwards, indicating an uptrend may be in the works. Furthermore, if we take a look at the longer-term chart (1-year), we can see that prices have held relatively steady above $$0.000000005826 since June 2022, suggesting that the bottom for Safemoon may be in.
With these factors taken into consideration, it seems likely that prices will continue to rise throughout 2023, and I believe that a price target of $$0.000000008381 by December 2023 is very much achievable.
Looking forward, there are still some hurdles ahead for Safemoon, especially given the current state of regulatory uncertainty in the crypto market. However, I believe that as long as Safemoon continues to forge ahead with its adoption efforts and move toward becoming a mainstream currency, it should be well-positioned to weather any storms ahead and continue on its path of growth into 2024 and beyond.
After analyzing the charts and key indicators, the moving average lines for Safemoon have been slanted downwards. The price of Safemoon has been fluctuating at a very low point, and it could be due for a breakout soon.
The Relative Strength Index indicates that the bearish trend is likely to continue, as there are no lines or indicators that suggest an impending change in direction for Safemoon. At this point, the SMA and the EMA are showing slight improvements in their performances, but they are still slanted downwards.
Overall, it is best to wait until the situation stabilizes before investing in Safemoon. It is likely that there will be more fluctuations and price movement over the short term.
Safemoon Price Predictions by Cryptopolitan
Safemoon coin price prediction for 2022, a maximum price target of $0.00000001; in five more years, potentially reach $0.00000007; and from then on, climb up to a maximum of $0.00000021. Let’s take a look at year-to-year price increases
Safemoon Price Prediction 2022
According to Safemoon coin price prediction for 2022, a maximum price target of $0.00000001.Our deep technical analysis reveals Safemoon’s price will stabilize at $0.00000001 as this is the average and the minimum price predicted.
Safemoon Price Prediction 2023
Our Safemoon price prediction for 2023 is a maximum price of $0.00000001 with a minimum price target of $0.00000001 which is expected to be achieved in the year 2023. The average price forecast for 2023 is $0.00000001.
Safemoon Price Prediction 2024
According to our Safemoon crypto price prediction for 2024, the price is expected to reach a maximum price of $0.00000002 by 2024.Safemoon crypto price is predicted to reach a minimum price of $0.00000002 by 2024 and an average price of $0.00000002.
Safemoon Price Prediction 2025
Our Safemoon price prediction for 2025 is quite optimistic and we believe the Safemoon coin will reach a maximum price of $0.00000002. The average price of Safemoon cryptocurrency in 2025 is $0.00000002, with a minimum price target of $0.00000002.
Safemoon Price Prediction 2026
According to our Safemoon cryptocurrency price prediction for 2026, Safemoon could attain a maximum of $0.00000003.The cryptocurrency is expected to trade at $0.00000003 as the average and the minimum price.
Safemoon Price Prediction 2027
Our Safemoon price prediction for 2027 indicates that Safemoon might potentially reach $0.00000005 as the highest price. Safemoon coin might reach a minimum and an average price $0.00000004.
Safemoon Price Prediction 2028
According to our Safemoon price forecast for 2028, Safemoon might potentially reach a maximum price of $0.00000007 by 2028 and an average price of $0.00000006 for the year 2028. The minimum price forecast for 2028 is $0.00000006.
Safemoon Price Prediction 2029
Our Safemoon crypto price projection for 2029 indicates that the Safemoon token is expected to attain a maximum price of $0.00000010.SFM price is expected to attain a minimum of $0.00000008 and an average price of $0.00000009 for the year 2029.
Safemoon Price Prediction 2030
Our Safemoon crypto prediction model shows that by 2030, Safemoon might potentially reach a maximum price of $0.00000014 with an average of $0.00000013 and a minimum price of $0.00000012.
Safemoon Price Prediction 2031
In our Safemoon price prediction for 2031, Safemoon crypto price could potentially attain a maximum of $0.00000021 with an average price target of $0.00000019 and a minimum price target of $0.00000018.
Safemoon Price Predictions by Wallet Investor
Wallet Investor expects Safemoon to have gradual growth in value, with the coin hitting a steady increase in price through 2023. The website’s estimates are based on past performance, price trends, and other indicators.
According to Wallet Investor, Safemoon’s price prognosis for 2026 is $0.000237. With a 5-year investment, the revenue is expected to be around +4640%.
Safemoon Price Predictions by Digital Coin Price
Digital Coin Price is bullish on Safemoon crypto, predicting that the coin will reach a maximum value of $0.00000000713 by 2022, with an average price target of $0.00000000603 in 2022. The minimum predicted price for 2025 is $0.0000000141, based on several factors including past performance and projected rate of growth.
On a long-term basis, Safemoon is projected to trade at an average price of $0.0000000215 and a maximum price of $0.0000000227 in 2028. Their price predictions for 2030 and 2031 are a maximum price of $0.0000000333 and $0.0000000410.
Safemoon Price Predictions By Price Prediction net
Price Prediction net is another website that has a conservative view of Safemoon price, and indicates that the coin will reach a maximum of $0.00000001 in 2022 with an average of $0.00000003 and a minimum value of $0.00000003 in 2026. Their expectations are based on historical trends, forecast indicators, performance ratings, potential market share, and other factors.
Their price prediction for 2030 and 2031 is a maximum value of $0.00000014 and $0.00000021 respectively.
Safemoon Price Prediction by Industry Influencers
Crypto News Today Youtube channel’s latest update on Safemoon suggests that the coin has potential despite dropping sharply from its all-time high. The presenter predicts positive growth in 2023 in response to its growing utility and adoption of Decentralize finance (Defi). He further mentions the correlation between the stock and crypto market, which is affected by inflation and interest rates.
The presenter also highlights the high volatility of the coin from its significant price changes. By 2025, the volatility will, however, have decreased as the coin finds its floor.
Crypto Vault’s latest update on Safemoon predicts a bullish Safemoon projection from 2023 to 2025. Safemoon will average at $0.00000034 in 2023, $0.00000043 in 2024, and $0.0000005 in 2025.
Crypto Vault provides Safemoon price prediction and technical analysis.
Conclusion
There are a lot of promising crypto projects out there, and SafeMoon is one of them. Due to its SafeMoon Swap and Version 2 update, the company has increased its use and investors’ trust. The price of SafeMoon V2 (SFM) might skyrocket if the SafeMoon team continues to improve the ecosystem’s scalability and security.
The Safemoon community recently progressed to version 2 with new tokenomics. The new model makes Safemoon a community-led project. The platform has developed when compared to Bitgert. The Safemoon army is, however, ambitious with plans to develop a metaverse, NFT projects, and a crypto exchange. However, the coin’s low market capitalization makes it easy to be overlooked by investors.
With the development of DEX, increased adoption, and partnerships, Safemoon will be able to expand its market by entering various industries. The given price forecasts for the Safemoon token are largely positive, with predictions from crypto experts and websites alike. That being said, it’s important to keep in mind that these prices can only be achieved if a lot more adoption takes place between now and 2030.
Overall, Safemoon might a good investment option for those looking for long-term growth in their investment, as the Safemoon price predictions for 2030 are generally quite positive. However, it’s important to keep in mind that the cryptocurrency market is still a relatively young and volatile industry and nothing can be ruled out when it comes to future prices. The predictions are not investment advice. Also, it is not a recommendation to invest in Safemoon. One should conduct their own research with regards to investments and the related strategies and do their due diligence to make investment decisions.
The above analysis is purely based on mathematical data algorithms and existing price trends available in the market along with past performances of Safemoon. This might give you a little insight into the present and future price trends of Safemoon, but they cannot be construed as the actual price prediction.
High-profile celebrity endorsements help Safemoon amass millions of investors and a devoted online community in a relatively short amount of time. In order to compete with the likes of Dogecoin and Shiba Inu, the initiative has teamed up with EverGrow. Further, Safemoon teamed with Simplex to develop a slimline crypto wallet in 2021. Safemoon gives token holders a 5% dividend.
Despite the great aspects of Safemoon, it is vital to note that this cryptocurrency is still in its early stages and is quite dangerous. Not only that, but Safemoon is devoid of any notable utility. The Company’s utilization and investor trust have increased due to its SafeMoon Swap and Version 2 updates. If the SafeMoon team continues to improve the ecosystem’s scalability and security, the price of SafeMoon V2 (SFM) may soar.
Safemoon is facing several lawsuits, which amplify the risk, but on the other hand, rapidly gaining popularity with its multiple feature updates on its roadmap. An initial deep dive into the innovation of this network provides some relatively compelling reasons to own the Safemoon token right now.
However, like with conventional cryptocurrencies, investors cannot expect certain profits. You should perform your own research and contact financial investors before joining the SafeMoon V2 train. Safemoon is highly volatile and trades at the mercy of the crypto market sentiment. As the crypto market recovers, we expect Safemoon to follow suit.
Like with mainstream cryptocurrencies, returns are not assured for investors. Before boarding the SafeMoon V2 train, you should conduct your own investigation and contact financial investors.
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