Disclaimer: The datasets shared within the following article have been compiled from a set of on-line sources and don’t replicate AMBCrypto’s personal analysis on the topic.
SafeMoon, launched in 2021, is at the moment one of the worthwhile memecoins. SafeMoon has carried out effectively, very similar to different fashionable memecoins akin to Shiba Inu and Dogecoin.
Right here’s AMBCrypto’s Worth Prediction for SafeMoon [SFM] for 2023-24
In the course of the 2021 cryptocurrency increase, the forex skilled sudden progress, however its worth plummeted considerably in the course of the market crash earlier this 12 months. The worth of SafeMoon has skyrocketed within the final 12 months, reaching a excessive of $0.00001194 in April 2021.
The way forward for Safemoon is unsure, given the largely bearish pattern within the cryptocurrency market. Analysts advise warning whereas buying this coin.
Some platforms like Telegaon predict SFM’s value to succeed in a most value stage of $0.0025 in 2022 with a median value of $0.0015. SafeMoon, nevertheless, could hit the minimal value threshold of $0.00089 in 2022 if there’s a bearish run. In 2022, a bullish motion is anticipated, one that may ship the SFM Coin to the moon.
So, why do these projections matter?
Since its introduction, SafeMoon has outperformed the vast majority of the highest meme coin tasks’ ROI, the place most of them have been working for a 12 months. As certainly one of CoinMarketCap’s hottest pages, SafeMoon has had extra visits than Bitcoin and Ethereum mixed. SafeMoon acquired a breakout response, or almost one million searches, in response to Google’s trending statistics of the globe filter.
In 2021, SFM considerably repaid its traders. Given how risky the crypto market is, it’s not possible to foretell the value of SafeMoon or every other cryptocurrency sooner or later. Nevertheless, on condition that SafeMoon switched to V2 in December 2021, the efficiency of SFM Coin sooner or later is promising. This coin is actively promoted by the SafeMoon military, which works nonstop day and night time.
This text will check out SafeMoon’s current market exercise, paying specific consideration to its market cap and quantity. With assistance from datasets like non-zero addresses, whale transaction counts, and so on., the identical shall be expanded upon. Probably the most well-known analysts’ and platforms’ predictions shall be summarized on the finish, together with a have a look at the Worry & Greed Index to gauge market sentiment.
SafeMoon’s value, quantity, and the whole lot in between
SafeMoon was launched in March 2021 with a provide of 777 trillion tokens. Its rising reputation, coupled with the crypto-boom of 2021, proved to be extraordinarily profitable for the coin as its value hit an ATH by round mid-April.
By the top of October, its value continued to hit new ranges and maintain earlier ranges at any time when drawdowns got here to be.
On the time of writing, the token was buying and selling at $0.0003168, as per TradingView.
Supply: TradingView
The recognition of SafeMoon earned it an enormous variety of customers. Launched in March 2021, its market capitalization grew exponentially inside a matter of some weeks, peaking at $5.75 billion in mid-Could. By the top of October 2021, SafeMoon’s market cap was above $3.65 million.
In the course of the crypto-collapse of 2022, the market capitalization of SafeMoon fell from $1.4 billion (early January) to just a little over $215 million. At press time, its market cap was above $198 million.
In keeping with CNBC Worldwide’s estimation, the great flood of stimulus from governments and central banks all through the world to deal with the coronavirus epidemic will solely improve funding within the SafeMoon commerce, in response to proponents of the cryptocurrency. They contend that such actions cut back the worth of fiat cash, making SafeMoon a worthwhile funding for holders of cryptocurrencies.
A number of celebrities, together with the Backstreet Boys’ member Nick Carter, the younger rap sensation Lil’ Yachty and Youtuber Logan Paul, have endorsed SafeMoon. The coin has additionally been topic to a number of lawsuits, nevertheless, with some accusing it of recruiting celebrities to assist shoot up its value.
Everybody wants #SAFEMOON or this shall be you 📈 pic.twitter.com/r9DCQG0pmQ
— Jake Paul (@jakepaul) March 27, 2021
One of many newer incidents within the SafeMoon celeb endorsement saga was when SafeMoon traders introduced a lawsuit in opposition to Barstool Sports activities founder, Dave Portnoy. Portnoy was within the information in September 2021 when he invested $40000 in SafeMoon, calling the crypto his “favourite sh*tcoin”.
Buyers accused him of pumping the crypto after which dumping his positions. Nevertheless, Portnoy claimed that he didn’t make any cash on his funding and as a matter of reality misplaced a major a part of his funding.” Im solely man who loses all his cash in safemoon and will get sued for it,” he added.
Nevertheless, the authorized info web site named Justia revealed that on 9 September, the plaintiffs filed a discover of dismissal in regard to Portnoy.
In the direction of the top of July, Bloomberg reported that SafeMoon had entered right into a partnership with Pige Inu. The three way partnership will see collaboration on Twitter in addition to itemizing the latter on SafeMoon Swap.
That was not the one new itemizing for SafeMoon Swap in July. As per a report by Insider, SafeMoon had introduced a company partnership with MetFX. As per the partnership, the challenge shall be listed for buying and selling on SafeMoon Swap.
Over the approaching 12 months, it will definitely surpass all restrictions and produce success to anybody who invested in it. In truth, by the top of 2021, SafeMoon’s value simply hit $0.000001367 because of sturdy sensible contracts.
Social sentiment
Knowledge from blockchain analytics agency Santiment revealed that market occasions have been capable of affect SafeMoon’s reputation. Optimistic sentiment in addition to its social dominance had been on the low mark, at press time.
Each these metrics had first peaked within the aftermath of Terra’s collapse. Thereafter, it noticed a spike within the month of August and September. However after 6 September, it has been on a constant decline.
SafeMoon’s 2025 Predictions
Market predictions should not fully reliable. Cryptocurrency analysts can’t at all times foresee bigger political and financial forces akin to geopolitical crises in Ukraine or rising laws. In addition to, completely different analysts have a look at completely different units of market metrics to reach at their conclusions. Subsequently, their predictions can broadly differ. Buyers ought to conduct due analysis earlier than investing in any cryptocurrency, particularly a coin as risky as SafeMoon.
A Changelly blogpost says that crypto-experts have analyzed the value of SafeMoon since its launch and don’t predict a rosy image for the token. In keeping with them, SFM shall be traded at as little as $0.00000002 all through 2025.
Telegaon, nevertheless, could be very optimistic about the way forward for SafeMoon. In 2030, it predicts that SFM shall be traded for as excessive as $0.012 and as little as $0.0072. Its common value all year long shall be $0.0084, it claimed.
The Capital’s Mohadesa Najumi summarized that SFM shall be traded throughout the vary of $0.000918 and $0.002 in 2025.
SafeMoon’s 2030 Predictions
For 2030, Changelly claimed that SMF shall be traded at as excessive as $0.00000015 and as little as $0.00000013 in 2030. Its common value within the stated 12 months shall be $0.00000014, with its potential ROI being 400%.
Telegaon, quite the opposite, predicted that will probably be traded at as excessive as $0.11 and as little as $0.38. Its common value within the stated 12 months shall be $0.24, it stated.
Najumi writes that completely different forecasters have completely different expectations concerning the way forward for SafeMoon. In 2030, it could possibly be traded throughout the vary of $0.00211 and $0.011, she acknowledged.
Right here, it’s price trying on the Crypto-Market’s Worry and Greed Index too. It’s been a bearish few days for the market, with the index with a studying of simply 20, on the time of writing. Quite the opposite, the identical had a studying of 47 earlier this month. Evidently, there appears to be lots of concern round.
Conclusion
SafeMoon employs a staking algorithm resulting from which you’ll be able to acquire extra in your funding. Its staking algorithm lets customers earn extra curiosity on their investments than they might with conventional funding choices akin to shares or bonds. It gained consideration available in the market with the launch of SafeMoon V2 in December final 12 months. It brought with itself a 1000:1 consolidation replace with a brand new complete SFM provide of 1 trillion.
SafeMoon remains to be a good forex to spend money on for good future earnings. Being a meme coin, the asset is topic to important value fluctuations. It’s lucky that it’s a fascinating various given its low price. The asset has some promise, as evidenced by the aforementioned Safemoon projections.
🌕 V2 replace
1 trillion would be the new complete provide for V2. With the burn, we now have 575 billion in circulation. Token consolidation: 1000:1 V2 replace.#SAFEMOONSUNDAY
— SafeMoon (@safemoon) October 3, 2021
The SafeMoon group additionally stays very sturdy, at all times making efforts to take it to newer heights. In truth, it won the Crypto-Group of the 12 months Award 2021 on the AIBC Summit held in Malta.
If we observe the value motion of SafeMoon over the previous few months carefully, we are able to count on an upward motion as a result of it reveals a breach from a falling resistance line and subsequent validation as help.
SafeMoon, like most memecoins, started its journey by mocking the craze of cryptocurrency. Nevertheless, it rapidly went viral and gained traction. The SafeMoon crew rapidly realized the place it might go and shortly launched the SafeMoon Pockets. The group has discovered to trip on its affect over time.
An investor, who had beforehand sued the creators of the Safemoon token for allegedly defrauding traders by artificially inflating the value of the tokens via false statements, dropped his class motion final week. As this information emerged, the token’s value skyrocketed to $0.00000196. Nevertheless it quickly dropped to its normal value.
SafeMoon, like most memecoins, started by mocking the cryptocurrency craze. It rapidly went viral and gained traction. The SafeMoon crew rapidly acknowledged its potential and launched the SafeMoon Pockets. Over time, the group has discovered to depend on its energy.
The way forward for SafeMoon, like the way forward for all cryptocurrencies, is unsure, nevertheless it has the potential to soar whether it is profitable in adapting to new technological and market modifications. Earlier than investing in a cryptocurrency, traders needs to be cautious of market tendencies and focus on researching the cryptocurrency’s long-term affect.
SafeMoon’s future, like that of all cryptocurrencies, is unsure, nevertheless it has the potential to soar whether it is profitable in adapting to new technological and market modifications. Earlier than investing in a cryptocurrency, traders needs to be cautious of market tendencies and concentrate on researching its long-term affect.
Supply: Different
