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Disclaimer: The datasets shared within the following article have been compiled from a set of on-line assets and don’t mirror AMBCrypto’s personal analysis on the topic.
SafeMoon, which was first launched in 2021, has turn into very profitable amongst buyers. It is among the more moderen additions to the memecoin market that has finished efficiently. It’s stated to be on par with memecoins like Shiba Inu and Dogecoin.
Right here’s AMBCrypto’s Value Prediction for SafeMoon [SFM] for 2023-24
Throughout the crypto growth final 12 months, SafeMoon fared fairly properly however it crashed throughout the crash within the second quarter of 2022. In accordance with specialists, the cryptocurrency sector is now experiencing a pessimistic market angle, thus its prospects aren’t notably promising.
Safemoon’s worth has drastically elevated over the previous 12 months, peaking at $0.00001194 in April 2021. As a result of the cryptocurrency market is now struggling, analysts available on the market advise warning when shopping for on this coin.
Safemoon might maintain the 2991st spot on CoinMarketCap, however this seemingly small crypto is wildly dominant on social media and enjoys reputation amongst a number of celebrities. BSC Every day reported final month that SafeMoon was the highest BNB Chain mission that had captured probably the most social quantity.
A brand new entrant to the DeFi trade, the SafeMoon cryptocurrency has continued to attract buyers since its launch within the spring of 2021. Thought-about the newest among the many better-performing memecoins, SAFEMOON is usually in comparison with Dogecoin.
The crypto witnessed marvellous progress the previous 12 months, however its prospects are being examined this 12 months as the whole cryptocurrency and blockchain trade is witnessing a bear market.
An investor can purchase a substantial quantity of SFM with a comparatively small funding, on condition that the token was buying and selling at $0.00026 with a market cap of $160 million. Nevertheless, selecting to buy a crypto simply because its promoting at a low worth is neither an knowledgeable, nor a clever determination.
The value motion of tokens like SafeMoon is basically depending on the hype across the mission and its relevance on social media. Influencers and pump teams typically exploit such tokens on account of their social capital and topic it to pump and dump schemes. As per data from CoinMarketCap, SafeMoon has seen 2 such pump and dump schemes over the previous 60 days. On 25 August, the token rallied by a whopping 1489% inside a matter of hours, going from $0.0000001069 to $0.00000169. Equally on 9 September, SafeMoon pumped by over 400%.
SafeMoon noticed super progress in 2021, nonetheless, this 12 months seems to be troublesome for SafeMoon since all cryptocurrencies are down. Nevertheless, the V2 mark has made an enormous splash for SafeMoon.
Actually, some platforms like Telegaon predict SFM’s worth to achieve a most worth stage of $0.0025 in 2022 with a median worth of $0.0015. SafeMoon, nonetheless, might hit the minimal worth threshold of $0.00089 in 2022 if there’s a bearish run. In 2022, a bullish motion is anticipated, one which 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 initiatives’ 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 1,000,000 searches, in line with Google’s trending statistics of the globe filter.
In 2021, SFM considerably repaid its buyers. Given how risky the crypto-market is, it’s unimaginable to foretell the worth of SafeMoon or some 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 evening.
This text will take a took at SafeMoon’s current market exercise, paying explicit consideration to its market cap and quantity. With the help of datasets like non-zero addresses, whale transaction counts, and so on., the identical can be expanded upon. Probably the most well-known analysts’ and platforms’ predictions can be summarized on the finish, together with a take a look at the Concern & Greed Index to gauge market sentiment.
SafeMoon’s worth, quantity, and every thing 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 worth hit an ATH by round mid-April. By the top of October, its worth continued to hit new ranges and maintain earlier ranges at any time when drawdowns got here to be.
Come Q2 2022, nonetheless, and the token utterly collapsed, mirroring the gloomy image of the cryptocurrency trade.
Supply: SFM/USDT, 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 in 2021, SafeMoon’s market cap was value $3.65 billion.
Throughout the crypto-collapse of 2022, the market capitalization of SafeMoon fell from $1.4 billion (early January) to a little bit over $215 million. At press time, it was simply over $160 million.
In accordance with CNBC Worldwide’s estimation, the super 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 line with 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, nonetheless, with some accusing it of recruiting celebrities to assist shoot up its worth.
Everybody wants #SAFEMOON or this can be you 📈 pic.twitter.com/r9DCQG0pmQ
— Jake Paul (@jakepaul) March 27, 2021
One of many more moderen incidents within the SafeMoon celeb endorsement saga was when SafeMoon buyers 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”.
Traders 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 truth misplaced a big 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 data web site named Justia revealed that on 9 September, the plaintiffs filed a discover of dismissal in regard to Portnoy.
In 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 mission can be listed for buying and selling on SafeMoon Swap.
Over the approaching 12 months, it might definitely surpass all restrictions and produce luck to anybody who invested in it. Actually, by the top of 2021, SafeMoon’s worth simply hit $0.000001367 because of robust sensible contracts.
Social sentiment
Knowledge from blockchain analytics agency Santiment revealed that market occasions have been unable to discourage SafeMoon’s reputation. Optimistic sentiment for the crypto bears an uncanny resemblance to its social dominance.
Each these metrics peaked within the aftermath of Terra’s collapse. Nevertheless, the sharp decline in growth exercise needs to be a trigger for concern.
Supply: Santiment
SafeMoon’s 2025 Predictions
Market predictions usually are not utterly reliable. Cryptocurrency analysts can not all the time foresee bigger political and financial forces akin to geopolitical crises in Ukraine or growing rules. Moreover, totally different analysts take a look at totally different units of market metrics to reach at their conclusions. Due to this fact, their predictions can broadly range. Traders 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 worth of SafeMoon since its launch and don’t predict a rosy image for the token. In accordance with them, SFM can be traded at as little as $0.00000002 all through 2025.
Telegaon, nonetheless, may be very optimistic about the way forward for SafeMoon. In 2030, it predicts that SFM can be traded for as excessive as $0.012 and as little as $0.0072. Its common worth all year long can be $0.0084, it claimed.
The Capital’s Mohadesa Najumi summarized that SFM can be traded inside the vary of $0.000918 and $0.002 in 2025.
SafeMoon’s 2030 Predictions
For 2030, Changelly claimed that SMF can be traded at as excessive as $0.00000015 and as little as $0.00000013 in 2030. Its common worth within the stated 12 months can be $0.00000014, with its potential ROI being 400%.
Telegaon, quite the opposite, predicted that it will likely be traded at as excessive as $0.11 and as little as $0.38. Its common worth within the stated 12 months can be $0.24, it stated.
Najumi writes that totally different forecasters have totally different expectations concerning the way forward for SafeMoon. In 2030, it could possibly be traded inside the vary of $0.00211 and $0.011, she said.
Right here, it’s value trying on the Crypto-Market’s Concern 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. For sure, there appears to be loads of worry round.
Conclusion
SafeMoon gained consideration out there with the launch of SafeMoon V2 in December final 12 months. It brought with itself a 1000:1 consolidation replace with a brand new whole 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 worth fluctuations. It’s lucky that it’s a fascinating different given its low price. The asset has some promise, as evidenced by the aforementioned Safemoon projections.
🌕 V2 replace
1 trillion would be the new whole provide for V2. With the burn, we’ve got 575 billion in circulation. Token consolidation: 1000:1 V2 replace.#SAFEMOONSUNDAY
— SafeMoon (@safemoon) October 3, 2021
The SafeMoon group additionally stays very robust, all the time making efforts to take it to newer heights. Actually, it won the Crypto-Group of the 12 months Award 2021 on the AIBC Summit held in Malta.
The way forward for SafeMoon, like all of the cryptocurrencies, is unsure however it might attain new heights given it’s profitable in adapting to new adjustments in expertise and market. Traders ought to nonetheless be cautious of market traits and concentrate on finding out long-term impression of a cryptocurrency earlier than investing.
Supply: Different.me
