SafeMoon Price Prediction 2023-2032: Does SafeMoon have a future?

SafeMoon Price Prediction 2023-2032

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 $0.0006.44. This Safemoon Price Prediction helps you track this coin’s exciting journey.

Today we are unleashing the latest paw-some update for your SafeMoon Wallet experience! Things are about to get a BIT more exciting! Joining them in welcoming Bitcoin and Doge to the #SAFEMOONWALLET!

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.

How much is SFM worth?

Today’s SafeMoon V2 price is $0.000222 with a 24-hour trading volume of $1,179,756. SafeMoon V2 is down 6.05% in the last 24 hours. The current CoinMarketCap ranking is #2799, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000,000 SFM coins.

Remember that SafeMoon has been migrated to a new contract address. The old page can be visited here.

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What is SafeMoon?

SafeMoon (SFM) is a token circulating on the 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 NFT exchange, 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 the 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 the 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 New Developments

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 analysis reveals SFM price has been fluctuating between $0.0002015 to $0.0002738 in the last 30 days. Safemoon is up by over 14% in the last few days while trading in the range of $0.0002700 to $0.0002977. Currently, Safemoon is trading around $0.0002853 with a 24-hour volume of over $1,011,548 and a market cap of around $234,050,110.

At the time of writing this post, SFM was trading around $0.0002343. The short-term support is around this level, but after such a long downtrend, it might also break this level. The immediate support is around $0.0002250 and the immediate resistance is at the price of $0.0003000.

The moving averages (MA) are also pointing toward a bearish trend in the short term, with the 50-day MA crossing below the 200-day MA, indicating that SFM is likely to remain in a downtrend. The technical indicators on all timeframes have painted a faint bullish outlook for SFM over the last few days.

The MACD is also in a bearish zone, indicating that the sellers are in control. The RSI is currently hovering around 50 and is showing no signs of divergence from the current trend. The Awesome Oscillator is currently in positive territory and has been increasing gradually, showing that the bulls are slowly gaining control.

Looking ahead, bulls need to establish a strong base above $0.0003000 in order to push SFM back into the green zone. If bulls fail to do so, then bears will most likely take control and push SFM lower. On the other hand, if bulls succeed in establishing a strong base above $0.0003000, then they might be able to propel SFM back into the green zone.

SafeMoon technical analysis suggests that, in the short term, SFM is likely to remain bearish with support at $0.0002250 and resistance at $0.0003000. The Fibonacci Retracement Levels and the moving average trading indicators suggest that SFM may continue to experience some bearish pressure in the short term. However, if bulls can establish a strong base above $0.0003000, then they might be able to push SFM back into the green zone.

SafeMoon Price Predictions by Cryptopolitan

SafeMoon Price Prediction 2023

Our SafeMoon price prediction for 2023 expects a minimum price of $0.00029344, an average trading price of $0.00030201, and a maximum price of $0.00033159.

SafeMoon Price Prediction 2024

According to the SafeMoon price prediction for 2024, SFM’s price may reach a minimum of $0.00042249, an average of $0.00043457, and a maximum price of $0.00052030.

SafeMoon Price Prediction 2025

Our SafeMoon price prediction for 2025 suggests that the market value of SFM might reach a maximum price of $0.00071790 a minimum of $0.00059758 and an average forecast price of $0.00061930.

SafeMoon Price Prediction 2026

Our SafeMoon price prediction for 2026 suggests that SafeMoon might trade at a maximum price of $0.001 with an average trading value of $0.00091743. According to our deep technical analysis of past price data of SafeMoon, SFM is forecasted to trade at around a minimum value of $0.00088646.

SafeMoon Price Prediction 2027

According to SafeMoon’s price prediction for 2027, the price of Safemoon might reach a minimum of $0.001, an average forecast price of $0.001, and a maximum forecast price of $0.002.

SafeMoon Price Prediction 2028

Our SafeMoon crypto price prediction for 2028 projects that the token may trade at a minimum value of $0.002 and an average price of $0.002. The maximum forecast price is $0.002 throughout the year.

SafeMoon Price Prediction 2029

Our SafeMoon price prediction for 2029 suggests that the token might trade at a minimum value of $0.003, an average trading price of $0.003, and a maximum forecast price of $0.003.

SafeMoon Price Prediction 2030

Our SafeMoon price prediction for 2030 suggests the Safemoon cryptocurrency price will reach a maximum price of $0.004. We expect a minimum price of $0.004 and an average trading price of $0.005 throughout 2030.

SafeMoon Price Prediction 2031

According to the SafeMoon price prediction for 2031, the token could reach a maximum price of $0.007, an average forecast price of $0.006, and a minimum value of $0.006.

SafeMoon Price Prediction 2032

Our SafeMoon crypto price prediction for 2032 suggests SFM might reach a maximum of $0.009, a minimum value of $0.009, and an average forecast price of $0.010.

SafeMoon Price Prediction by Wallet Investor

SafeMoon has a bearish SFM price forecast for the next five years. According to their analysis, by the end of 2023, SFM price is anticipated to fall gradually to $0.000020023, which would be a -91.516% decline from its current market price of $0.0002354.Wallet Investor says SFM is a bad long-term investment, with a “Sell” recommendation and an expected loss of -93.54%.

SafeMoon Price Prediction by Coincodex

Coincodex has a bearish outlook on the price of SafeMoon in the short term. Our prediction algorithm states that, in the best-case scenario, the price of SafeMoon will rise by 766.05% to reach $5.979e-8 by 2026. In the meantime, the price is predicted to rise by 0.27% and reach $ 6.983e-9 by March 25, 2023. According to our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 66 (Greed).

Based on the data from March 20, 2023, at 22:10, 17 of the 31 technical indicators are signaling bullish signals while 14 are signaling bearish signals. The positive signs include a 7-day moving average price crossover (50DMA/200DMA), significant spikes in trading volume, and high levels of market momentum. On the other hand, short-term support and resistance breakouts and the Relative Strength Index (RSI) are among the bearish signals.

Safemoon V2 Price Prediction by Technewsleader

Technewsleader’s forecast for Safemoon V2 indicates that the cryptocurrency’s price is likely to experience a significant increase from its current value, with a projected value of $0.00045736 by 2024. In addition, Technewsleader’s predicting algorithm estimates that Safemoon V2 may reach $0.002 over the next five years. Looking even further ahead, their analysis suggests that by 2032, the value of Safemoon V2 could potentially surpass $0.007.

SafeMoon Price Prediction by Market Experts

The cost trajectory of SafeMoon this year is likely to be impacted by two primary elements. To begin with, the broader crypto markets will determine its direction. It appears that there is a distinct connection between stock and crypto markets, as both dropped when news about rising interest rates and inflation came out.

As interest rates continue to climb, more people are investing in safer commodities with higher yields and withdrawing their funds from risker investments such as stocks and cryptocurrency. This could be a setback for the crypto market this year, leading Bitcoin and Ethereum -the top two digital assets by market capitalization- to experience difficulty achieving growth. If that is indeed the case, smaller coins like SafeMoon may also fail to generate profits on an increasing bearish trajectory.

Market experts have looked at SafeMoon’s future progress for the rest of 2023. As a decentralized token on Binance Smart Chain that offers unique transaction management abilities, SafeMoon has an incredible amount of potential yet to be unlocked.

In February, the coin announced its collaboration with EverGrow Coin (EGC), an up-and-coming utility token. Now, users get even more out of their SafeMoon wallet since they can purchase EGC directly through it! Investors have already seen incredible gains because of this partnership and will continue to benefit from its convenience in the future.

If decentralized finance is embraced by the masses, SafeMoon could rise exponentially and its volatility would diminish due to incentives allotted for token holders. Now that the infrastructure has been established, the project can proceed to phase two of its evolution. With a projected horizon up until 2023, the utility will become paramount in determining success within this domain.

Integrating the coin with NFTs, commerce, and the metaverse is a key component in improving its quality, security, and accessibility. The growth potential of these markets to mature by 2023 can provide SafeMoon with an immense opportunity for user exposure which could result in rapid price increases. Leveraging this integration effectively has the power to fully optimize SafeMoon’s value proposition long-term.

The creators of SafeMoon have released an innovative project, the SafeMoon exchange. This aims to combine tokenomics from every crypto into one platform. If this plan is effective, it could significantly increase the value of SafeMoon.

Crypto market expert and trader based on Youtube the Crypto Vault predicts the price of SafeMoon to pump by over 9000% in the next 10 years. He believes that this will be possible due to Safemoon’s deflationary model, where 95% of all transaction fees are burned and 5% are redistributed amongst holders.

The YouTuber has discussed the technical analysis and fundamental analysis of the token and believes that Safemoon is capable of becoming a major competitor in the DeFi space, eventually leading to its mass adoption.

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 more adoption occurs between now and 2032.

Overall, SafeMoon might be 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.