Disclaimer: The datasets shared within the following article have been compiled from a set of on-line assets and don’t replicate AMBCrypto’s personal analysis on the topic.
One of the vital worthwhile meme cash, SafeMoon was launched to the worldwide cryptocurrency market in 2021. SafeMoon has carried out effectively, much like the main meme cash similar to Shiba Inu and Dogecoin.
Right here’s AMBCrypto’s Worth Prediction for SafeMoon [SFM] for 2023-24
The cryptocurrency skilled sudden development through the 2021 growth, however because the market crashed within the second quarter of 2022, its worth plummeted considerably.
SafeMoon’s future seems to be unsure, because the cryptocurrency market is presently experiencing a bearish market development. When buying the coin, market analysts advise warning.
Some platforms like Telegaon predict SFM’s value to succeed in a most value degree of $0.0025 in 2022 with a mean 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 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 tasks’ ROI, the place most of them have been working for a 12 months. As one among CoinMarketCap’s hottest pages, SafeMoon has had extra visits than Bitcoin and Ethereum mixed. SafeMoon acquired a breakout response, or practically 1,000,000 searches, in accordance with Google’s trending statistics of the globe filter.
In 2021, SFM considerably repaid its buyers. Given how unstable the crypto market is, it’s unimaginable to foretell the worth of SafeMoon or another cryptocurrency sooner or later. Nevertheless, provided 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 check out SafeMoon’s current market exercise, paying specific consideration to its market cap and quantity. With the help of datasets like non-zero addresses, whale transaction counts, and so on., the identical will likely be expanded upon. Essentially the most well-known analysts’ and platforms’ predictions will likely be summarized on the finish, together with a take 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 recognition, 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 tip 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 $0.0003029, as per 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-Might. By the tip of October 2021, SafeMoon’s market cap was price $3.65 billion.
Through 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, its market cap was above $3 million.
In keeping 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 accordance with proponents of the cryptocurrency. They contend that such actions scale 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.
— Jake Paul (@jakepaul) March 27, 2021
One of many newer 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”.
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 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 the direction of the tip 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 undertaking will likely 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 tip of 2021, SafeMoon’s value simply hit $0.000001367 because of sturdy sensible contracts.
Information from blockchain analytics agency Santiment revealed that market occasions have been capable of affect SafeMoon’s recognition. Constructive sentiment in addition to its social dominance have 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 aren’t fully reliable. Cryptocurrency analysts can not at all times foresee bigger political and financial forces similar to geopolitical crises in Ukraine or growing laws. Moreover, totally different analysts take a look at totally 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 unstable 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 keeping with them, SFM will likely be traded at as little as $0.00000002 all through 2025.
Telegaon, nevertheless, may be very optimistic about the way forward for SafeMoon. In 2030, it predicts that SFM will likely be traded for as excessive as $0.012 and as little as $0.0072. Its common value all year long will likely be $0.0084, it claimed.
The Capital’s Mohadesa Najumi summarized that SFM will likely be traded inside the vary of $0.000918 and $0.002 in 2025.
SafeMoon’s 2030 Predictions
For 2030, Changelly claimed that SMF will likely be traded at as excessive as $0.00000015 and as little as $0.00000013 in 2030. Its common value within the stated 12 months will likely 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 value within the stated 12 months will likely be $0.24, it stated.
Najumi writes that totally different forecasters have totally different expectations relating to the way forward for SafeMoon. In 2030, it may very well be traded inside the vary of $0.00211 and $0.011, she said.
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. For sure, there appears to be plenty of concern round.
SafeMoon employs a staking algorithm as a result of which you’ll acquire extra in your funding. Its staking algorithm lets customers earn extra curiosity on their investments than they might with conventional funding choices similar 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 put money into for good future earnings. Being a meme coin, the asset is topic to vital value 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 complete 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 neighborhood additionally stays very sturdy, at all times 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.
If we observe the worth motion of SafeMoon over the previous few months carefully, we will anticipate an upward motion as a result of it reveals a breach from a falling resistance line and subsequent validation as help.
The way forward for SafeMoon, like all of the cryptocurrencies, is unsure however it might probably attain new heights given it’s profitable in adapting to new adjustments in know-how and the market. Buyers ought to, nevertheless, be cautious of market tendencies and deal with learning the long-term affect of a cryptocurrency earlier than investing.