warning: The datasets shared in the following article were compiled from a range of online resources and do not reflect AMBCrypto’s own research on the subject.
SafeMoon was introduced in 2021, and today it is one of the most profitable memcoin. SafeMoon has been doing well, just like other popular memecoin like Shiba Inu and Dogecoin.
SafeMoon (SFM) has shown some resilience over the past 3-4 days in a very volatile market. Its price fluctuates between $0.00026 and $0.00030. The price of SFM has fallen by more than 30% since the crash of cryptocurrency exchange FTX on November 7.
Read price forecasts for SafeMoon [SFM] for the year 2023-24
Although it continues, it must be assumed that the price of the coin is unpredictable in the coming weeks. Once the cryptocurrency market regains its stability and the dust settles, we cannot know for sure how retail investors will react to these memcoins.
During the cryptocurrency boom in 2021, the currency saw an unexpected growth, but its value plummeted during the market crash earlier this year. SafeMoon’s value has increased over the past year, reaching a high of $0.00001194 in April 2021.
Safemoon’s future is uncertain, given the largely bearish trend in the cryptocurrency market. Analysts advise caution when buying this currency.
Some platforms such as Telegaon expect the SFM price to reach a maximum price level of $0.0025 in 2022 with an average price of $0.0015. However, SafeMoon may reach the minimum price of $0.00089 in 2022 if there is a downtrend. In 2022, an upward movement is expected, which could send the SFM coin to the moon.
Why are these expectations important?
Since its introduction, SafeMoon has outperformed the majority of the ROI for meme coin projects, with most of them running for a year. As one of CoinMarketCap’s most popular pages, SafeMoon has been visited more than Bitcoin and Ethereum combined. SafeMoon received a hack response, or nearly 1 million searches, according to Google’s popular globe filter stats.
By 2021, SFM has paid back its investors handsomely. Due to the volatility of the crypto market, it is impossible to predict the price of SafeMoon or any other cryptocurrency in the future. However, given that SafeMoon switched to V2 in December 2021, SFM Coin’s future performance is promising. This currency is actively promoted by the SafeMoon army, which works non-stop day and night.
This article will look at SafeMoon’s recent market activity, with particular attention to market value and size. With the help of datasets such as non-zero addresses, the number of electoral transactions etc. will be expanded. The forecasts of the most popular analysts and platforms will be summarized at the end, along with a look at the Fear and Greed Index to measure market sentiment.
SafeMoon’s price, size, and everything in between
SafeMoon launched in March 2021 with assets of 777 trillion tokens. Its rising popularity, along with the cryptocurrency boom in 2021, has proven to be very successful for the coin as its price reached ATH in mid-April.
In late October, the price kept reaching new levels and maintaining previous levels whenever pullbacks came.
At the time of writing, the token was trading at $0.0002727, according to TradingView.
Source: SFM / USDT, TradingView
SafeMoon’s popularity has earned it a large number of users. Launched in March 2021, its market capitalization has grown exponentially in a matter of weeks, peaking at $5.75 billion in mid-May. As of the end of October 2021, SafeMoon’s market capitalization is over $3.65 million.
During the cryptocurrency crash in 2022, SafeMoon’s market cap fell from $1.4 billion (early January) to just over $215 million. At the time of publication, it has its market value More than 152 million dollars.
According to CNBC International estimates, the massive influx of stimulus from governments and central banks around the world to deal with the coronavirus pandemic will only increase investment in SafeMoon trading, according to cryptocurrency proponents. They argue that such activities devalue fiat money, making SafeMoon a profitable investment for cryptocurrency holders.
Several celebrities, including Backstreet Boys member Nick Carter, young rap star Lil’ Yachty and YouTuber Logan Paul, have endorsed SafeMoon. The coin has also been the subject of several lawsuits, but some accuse it of recruiting celebrities to help drive up the price.
Everyone needs #SAFEMOON Or it will be you 📈 pic.twitter.com/r9DCQG0pmQ
– Jake Paul (@jakepaul) March 27, 2021
One of the more recent incidents in the SafeMoon celebrity endorsement saga was when SafeMoon investors filed a lawsuit against the founder of Barstool Sports, Dave Portnoy. Portnoy was in the news in September 2021 when he invested $40,000 in SafeMoon and described the cryptocurrency as his “favorite sh*tcoin.”
Investors accused him of pumping out cryptocurrency and then dumping their positions. However, Portnoy claimed that he didn’t make any money on his investment and actually lost a good portion of his investment.” I’m the only guy who loses all his money in a safe and gets sued for it,” he says. added.
However, the legal information site is called Justia open that on September 9, prosecutors filed a termination notice regarding Portnoy.
Towards the end of July, Bloomberg mentioned that SafeMoon has entered into a cooperation with Pige Inu. The joint venture will see the collaboration on Twitter as well as later being listed on SafeMoon Swap.
This wasn’t the only new listing for SafeMoon Swap in July. according to a report By Insider, SafeMoon has announced a corporate partnership with MetFX. Under the partnership, the project will be listed for trading on SafeMoon Swap.
In the coming year, it will certainly bypass all restrictions and bring good luck to everyone who has invested in it. In fact, by the end of 2021, SafeMoon’s price easily reached $0.000001367 thanks to powerful smart contracts.
social feeling
Data from blockchain analytics firm Santiment revealed that market events managed to influence SafeMoon’s popularity. Positive sentiments as well as their social dominance are at an all time low at the time of writing.
Both metrics peaked in the aftermath of Terra’s collapse. After that, it experienced a peak in August and September. But after September 6th, it has been in a steady decline.
SafeMoon predictions for 2025
Market forecasts are not entirely reliable. Cryptocurrency analysts cannot always anticipate larger political and economic forces such as geopolitical crises in Ukraine or increased regulation. Also, different analysts look at different sets of market metrics to reach their conclusions. Therefore, their expectations can vary widely. Investors should do proper research before investing in any cryptocurrency, especially a volatile one like SafeMoon.
ease blog posts He says crypto experts have analyzed SafeMoon’s price since its launch and don’t expect a rosy picture for the token. According to them, SFM will be trading as low as $0.00000002 throughout 2025.
remote league, However, very optimistic about SafeMoon’s future. By 2030, you expect the SFM trade value to be as high as $0.012 and as low as $0.0072. It claimed that its average price over the course of the year would be $0.0084.
The capital is Mohadesa Ngomi are summed up That SFM will trade in the range of $0.000918 and $0.002 in 2025.
SafeMoon predictions for 2030
For 2030, Changelly claimed that SMF will trade as high as $0.00000015 and as low as $0.00000013 in 2030. It will average over $0.00000014 during said year, with a potential ROI of 400%.
Telegaon, on the contrary, and expect It will trade as high as $0.11 and as low as $0.38. She added that her average price in the aforementioned year will be $0.24.
astral Writes That different forecasters have different predictions for SafeMoon’s future. And by 2030, it could be trading between $0.00211 and $0.011, she said.
Here it is worth considering the fear and greed indicator in the cryptocurrency market as well. It’s been a bearish few days for the market, with the index only reading 20 at the time of writing. Conversely, the same reading had a 47 earlier this month. Needless to say, there seems to be a lot of fear.
conclusion
SafeMoon uses a staking algorithm that allows you to earn more from your investment. Its staking algorithm allows users to earn more interest on their investment compared to traditional investment options such as stocks or bonds. It gained market interest with the launch of SafeMoon V2 last December. The Brought The update brought with it a 1000:1 merger with a new total SFM asset of a trillion.
SafeMoon is still a decent coin to invest in for good future profits. Since the asset is a meme currency, it is subject to significant price fluctuations. Fortunately, it is a desirable option due to its low cost. The origin has some hope, as evidenced by Safemoon’s predictions mentioned earlier.
🌕 Update v2
1 trillion would be the total new supply for V2. With combustion, we have 575 billion traders. Token merge: 1000 update: 1 v2.#SAFEMOONSUNDAY
– safemoon October 3, 2021
The SafeMoon community is still very strong and always trying to take it to new heights. The truth is that it is won – won Crypto Community Award 2021 at the AIBC Summit held in Malta.
If we observe the SafeMoon price action over the past few months closely, we can expect an upward movement as it shows a break of the descending resistance line and subsequent validation as support.
SafeMoon, like most memecoins, started its journey by mocking the craze for cryptocurrency. However, the virus quickly spread and gained traction. The SafeMoon team quickly realized where it could go and launched the SafeMoon wallet soon. The group has learned to ride its influence over time.
An investor, who previously sued the creators of the Safemoon token for defrauding investors by artificially inflating the price of the tokens through false statements, dropped his class action lawsuit last week. When this news came out, the price of the token had risen to $0.00000196. But it soon fell back to its usual price.
SafeMoon, like most memecoins, started out as a mockery of the cryptocurrency craze. It quickly went viral and gained traction. The SafeMoon team quickly realized its potential and launched the SafeMoon wallet. Over time, the group has learned to trust its own strength.
SafeMoon’s future, like the future of all cryptocurrencies, is uncertain, but it has the potential to rise if it can adapt to new technological and market changes. Before investing in a cryptocurrency, investors should be aware of the market trends and focus on researching the long-term impact of the cryptocurrency.
SafeMoon’s future, as with all cryptocurrencies, is uncertain, but it has the potential to rise if it can adapt to new technological and market changes. Before investing in cryptocurrency, investors should be wary of market trends and focus on studying their long-term impact.
Source: Alternative.me