SafeMoon Price Prediction 2023-2031
- SafeMoon Price Prediction 2023 – 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 $0.00000020
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 exciting 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 $5.31e-9 with a 24-hour trading volume of $2.96. SafeMoon is down 3.22% in the last 24 hours. The current CoinMarketCap ranking is #1025, with a live market cap of $2,983,719. It has a circulating supply of 562,000,806,229,089 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.
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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 movement over the last 30 days has been relatively flat, with the token trading within a tight range between $0.000000005254 and $0.000000005751. Despite this flat price action, there have been some notable intraday moves, with the token climbing as high as $0.0000000076 and dropping to $0.0000000042 in the monthly chart.
The technical indicators depict a bullish prediction for Safemoon in the near term. The MACD indicator shows a strong bullish crossover, with the signal line moving above the MACD line and the histogram turning green. The RSI is also in the overbought zone, indicating that buyers have been actively buying the token for a few consecutive days.
However, the price is still trading below the 21-day moving average, which indicates that a strong bull run might not be seen anytime soon. The Fibonacci retracement levels also suggest that the token may find some support at $0.000000004241, followed by $0.000000003787 and then $0.000000003334.
The Bollinger Bands are relatively narrow, which suggests a low volatility environment and little price action. In addition, the ATR indicator is also showing a low volatility environment.
Overall,Safemoon is trading within a narrow range at the moment, but the technical indicators suggest that buyers have been accumulating in anticipation of a breakout. The immediate support levels are at $0.000000005254 and $0.0000000042, while the immediate resistance levels are at $0.000000005751 and $0.0000000076 respectively.
Safemoon Price Predictions by Cryptopolitan
According to the price action of 2022, Safemoon has been highly volatile and unpredictable. The price has been influenced by a number of factors such as the overall market sentiment, news and developments in the crypto world, and of course, individual trader activity.
The long-term price forecast for Safemoon is quite bullish, as the coin has gained tremendous momentum and traction in recent months. Analysts expect the coin to reach its peak in late 2022 and early 2023.
SafeMoon Price Prediction 2023
The SafeMoon crypto price predictions suggest that the digital asset could reach a maximum level of $0.00000001 and a minimum level of $0.00000001 by 2023. The average trading price for Safemoon is expected to be $0.00000001.
SafeMoon Price Prediction 2024
According to our SafeMoon price prediction for 2024, a maximum level of $0.00000002 is to be achieved. SafeMoon coin is expected to reach a minimum level of $0.00000001 and an average forecast price of $0.00000001 by the end of 2024.
SafeMoon Price Prediction 2025
According to our Safemoon coin price prediction for 2026, the coin could potentially surpass a maximum price of $0.00000002 and a minimum level of $0.00000002 by 2025’s year. The average trading price of the Safemoon wallet might be at $0.00000002 by the end of the year.
SafeMoon Price prediction 2026
Our Safemoon price prediction suggests that the value of the digital asset might fluctuate at a maximum level of $0.00000003 and a minimum level of $0.00000003 by the end of 2026. SafeMoon token is expected at an average price of $0.00000003.
Safemoon Price Prediction 2027
SafeMoon price prediction for 2027 suggests that the bullish momentum might continue and the Safemoon token is expected to reach a maximum level of $0.00000005 and a minimum level of $0.00000004. SafeMoon coin is expected to trade at an average price of $0.00000004.
SafeMoon Price Prediction 2028
The SafeMoon crypto price predictions in 2028 advocate that the altcoin could reach a maximum of $0.00000007 and a minimum of $0.00000006 by 2028’s year-end. The average price of a Safemoon coin is $0.00000005.
SafeMoon Price prediction 2029
Our SafeMoon crypto price predictions suggest that the Safemoon token might reach a maximum level of $0.00000010. By the end of 2029, Safemoon cryptocurrency is expected to reach an average price of $0.00000008 and a minimum level of $0.00000008.
SafeMoon Price Prediction 2030
According to SafeMoon price prediction for 2030, Safemoon wallet is anticipated to attain a minimum price level of $0.00000012 and a maximum price level of $0.00000014. The average trading price for the digital asset is expected $0.00000012.
SafeMoon Price Prediction 2031
Our SafeMoon crypto price prediction suggests that the bullish momentum might continue and the currency is expected to reach a maximum level of $0.00000020 by 2031’s year-end. SafeMoon coin might attain an average trading price of $0.00000018 and a minimum level of $0.00000017.
SafeMoon Price Prediction by Technewsleader
According to the Safemoon price forecast by Technewsleader, Safemoon cryptocurrency is a good long-term investment as it has given a bullish Safemoon price forecast. The website goes on to state that the Safemoon token could potentially achieve a maximum of $0.00000002 and a minimum trading price of $0.00000002 by 2025. The website has given a price prediction of $0.00000018 for the next 10 years. SafeMoon price prediction suggests that Safemoon might achieve a maximum level of $0.00000021 by 2031.
SafeMoon Price Prediction by Wallet Investor
Wallet Investor has given a bearish price prediction as it suggests that Safemoon wallet might drop and is anticipated to reach a trading price of $0.000000001 by the end of 2022, a decline of 89.1% of the current price. The website continues to state that Safemoon is a bad long-term investment and is expected to continue in bearish momentum in the future.
SafeMoon Price Prediction by Price Prediction net
According to the website Price Prediction net, the opening price for the year 2023 may range between a maximum level of $0.00000001, a minimum level of $0.00000001, and an average of $0.00000001. The website adds that the value of Safemoon might have a minimum price of $0.00000003 and a maximum price of $0.00000003 in the next 5 years.
SafeMoon Price Prediction by Market Experts
According to the ‘Crypto Vault’ market analyst based on Youtube, Safemoon could reach potentially surge by 5000% in the next few years. The Youtuber has given different predictions for different time frames. In the short term, he predicts that Safemoon could reach as high as $1 in the next by 2030. He has given fundamental analysis and technical analysis based on the current situation of the market and believes that Safemoon could climb up to $1 in the near future.
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 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.