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.
The value of Safemoon (SFM) has largely adopted the general crypto business development because the collapse of FTX in early November final yr. Its value rose to $0.000288 from $0.0002772 over the previous seven days, exhibiting stagnant development.
Learn Worth Prediction for SafeMoon [SFM] for 2023-24
SFM was closely promoted as a long-term funding. To perform this, it will increase transaction charges by 10%, with coin homeowners receiving 50% of the funds. Safemoon has had a troublesome yr, with the corporate accused of manipulating its value with celeb endorsements, prompting some buyers to file lawsuits in opposition to it. Its market capitalization at press time stood at $162 million.
SFM was closely promoted as a long-term funding. To perform this, it will increase transaction charges by 10%, with coin homeowners receiving 50% of the funds. Safemoon has had a troublesome yr, with the corporate accused of manipulating its value with celeb endorsements, prompting some buyers to file lawsuits in opposition to it. Its press time market capitalization stood at $155,386,400.
Since its introduction, SafeMoon has outperformed most high meme coin tasks’ ROI, the place most of them have been working for a yr. As considered one of CoinMarketCap’s hottest pages, SafeMoon has had extra visits than Bitcoin and Ethereum mixed. SafeMoon obtained a breakout response, or almost 1,000,000 searches, based on 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 value 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 check out SafeMoon’s current market exercise, paying explicit consideration to its market cap and quantity. With assistance from datasets like non-zero addresses, whale transaction counts, and many others., the identical will likely be expanded upon. Probably 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 all the things 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 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 $0.0002804.
Supply: 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 above $3.65 million.
Throughout the crypto-collapse of 2022, the market capitalization of SafeMoon fell from $1.4 billion (early January) to slightly over $215 million.
Based on CNBC Worldwide’s estimation, the large 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, based on 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, nonetheless, with some accusing it of recruiting celebrities to assist shoot up its value.
Everybody wants #SAFEMOON or this will likely 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 reality misplaced a major 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 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 yr, it could definitely surpass all restrictions and convey luck to anybody who invested in it. In reality, by the tip of 2021, SafeMoon’s value simply hit $0.000001367 due to robust sensible contracts.
Social sentiment
Knowledge from blockchain analytics agency Santiment revealed that market occasions have been in a position to affect SafeMoon’s reputation. Optimistic 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't all the time foresee bigger political and financial forces corresponding to geopolitical crises in Ukraine or rising rules. Apart from, totally different analysts take a look at totally different units of market metrics to reach at their conclusions. Subsequently, their predictions can broadly fluctuate. Traders ought to conduct due analysis earlier than investing in any cryptocurrency, particularly a coin as unstable as SafeMoon.
Are your SFM holdings flashing inexperienced? Test the revenue calculator
A Changelly blogpost says that crypto-experts have analyzed the value of SafeMoon since its launch and don’t predict a rosy image for the token. Based on them, SFM will likely be traded at as little as $0.00000002 all through 2025.
Telegaon, nonetheless, could 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 throughout 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 yr will likely be $0.00000014, with its potential ROI being 400%.
Telegaon, quite the opposite, predicted that it is going to be traded at as excessive as $0.11 and as little as $0.38. Its common value within the stated yr 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 throughout the vary of $0.00211 and $0.011, she acknowledged.
Right here, it’s value 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. Evidently, there appears to be a variety of worry round.
Conclusion
SafeMoon employs a staking algorithm as a consequence 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 corresponding to shares or bonds. It gained consideration available in the market with the launch of SafeMoon V2 in December final yr. 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 spend money on for good future earnings. Being a meme coin, the asset is topic to important value fluctuations. It's lucky that it's a fascinating various 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 have now 575 billion in circulation. Token consolidation: 1000:1 V2 replace.#SAFEMOONSUNDAY
— SafeMoon (@safemoon) October 3, 2021
The SafeMoon neighborhood additionally stays very robust, all the time making efforts to take it to newer heights. In reality, it won the Crypto-Group of the Yr Award 2021 on the AIBC Summit held in Malta.
If we observe the value motion of SafeMoon over the previous few months carefully, we are able to anticipate an upward motion as a result of it exhibits a breach from a falling resistance line and subsequent validation as help.
SafeMoon, like most memecoins, started its journey by mocking the craze of cryptocurrency. Nevertheless, it rapidly went viral and gained traction. The SafeMoon staff rapidly realized the place it may go and shortly launched the SafeMoon Pockets. The group has realized to experience on its affect over time.
An investor, who had beforehand sued the creators of the Safemoon token for allegedly defrauding buyers by artificially inflating the value of the tokens by means of false statements, dropped his class motion final week. As this information emerged, the token’s value skyrocketed to $0.00000196. Nevertheless it quickly dropped to its regular value.
SafeMoon, like most memecoins, started by mocking the cryptocurrency craze. It rapidly went viral and gained traction. The SafeMoon staff rapidly acknowledged its potential and launched the SafeMoon Pockets. Over time, the group has realized to depend on its energy.
Safemoon describes itself as “a human-focused know-how and innovation enterprise advancing blockchain applied sciences for a brighter tomorrow.” The undertaking’s early days as a pure deflationary tokenomics endeavor appear very totally different from such a tagline. The official Twitter account has just below 1.3 million followers, and 300,000 persons are members of the subreddit.
SafeMoon lately released the SafeMoon Token Monetization Innovation (TMI). The SafeMoon TMI adjustments the decentralized change panorama to release further entry for token companion listings. It primarily expands the supply of Internet 3.0 for extra members by making token inclusions extra accessible to token liquidity suppliers and unlocking further neighborhood potential to companion with significant tasks.
The way forward for SafeMoon, like the way forward for all cryptocurrencies, is unsure, but it surely has the potential to soar whether it is profitable in adapting to new technological and market adjustments. Earlier than investing in a cryptocurrency, buyers must be cautious of market tendencies and focus on researching the cryptocurrency’s long-term influence.
