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 Safemoon coin was closely promoted as a long-term funding. To perform this, it will increase transaction charges by 10%, with coin house owners receiving 50% of the funds. Safemoon has had a troublesome yr, with the corporate accused of manipulating its worth with superstar endorsements, prompting some buyers to file lawsuits in opposition to it.
Learn Value Prediction for SafeMoon [SFM] for 2023-24
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 yr. As one in every of CoinMarketCap’s hottest pages, SafeMoon has had extra visits than Bitcoin and Ethereum mixed. SafeMoon obtained a breakout response, or practically 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 not possible to foretell the value of SafeMoon or some other 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 latest 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 shall be expanded upon. Essentially the most well-known analysts’ and platforms’ predictions shall 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 recognition, 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 tip of October, its worth continued to hit new ranges and maintain earlier ranges every time drawdowns got here to be.
On the time of writing, the token was buying and selling at $0.0002290, as per TradingView.
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-Could. By the tip of October 2021, SafeMoon’s market cap was above $3.65 million.
In the course of the crypto-collapse of 2022, the market capitalization of SafeMoon fell from $1.4 billion (early January) to just a little over $215 million. At press time, its market cap was above $145 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 shall be you 📈 pic.twitter.com/r9DCQG0pmQ
— Jake Paul (@jakepaul) March 27, 2021
One of many newer incidents within the SafeMoon superstar 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 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 mission shall be listed for buying and selling on SafeMoon Swap.
Over the approaching yr, it will actually surpass all restrictions and convey luck to anybody who invested in it. In reality, by the tip of 2021, SafeMoon’s worth simply hit $0.000001367 due to robust sensible contracts.
Social sentiment
Information from blockchain analytics agency Santiment revealed that market occasions have been in a position to 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 are usually not fully reliable. Cryptocurrency analysts can not at all times foresee bigger political and financial forces similar to geopolitical crises in Ukraine or growing rules. Moreover, completely different analysts take a look at completely different units of market metrics to reach at their conclusions. Due to this fact, their predictions can broadly fluctuate. Buyers ought to conduct due analysis earlier than investing in any cryptocurrency, particularly a coin as risky as SafeMoon.
Are your SFM holdings flashing inexperienced? Examine 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. In accordance with them, SFM shall 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 shall be traded for as excessive as $0.012 and as little as $0.0072. Its common worth all year long shall be $0.0084, it claimed.
The Capital’s Mohadesa Najumi summarized that SFM shall be traded inside the vary of $0.000918 and $0.002 in 2025.
SafeMoon’s 2030 Predictions
For 2030, Changelly claimed that SMF shall be traded at as excessive as $0.00000015 and as little as $0.00000013 in 2030. Its common worth within the stated yr shall 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 worth within the stated yr shall be $0.24, it stated.
Najumi writes that completely different forecasters have completely different expectations concerning the way forward for SafeMoon. In 2030, it may very well be traded inside the vary of $0.00211 and $0.011, she acknowledged.
Right here, it’s price 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 quite a lot of worry round.
Conclusion
SafeMoon employs a staking algorithm as a consequence of which you’ll be able to achieve extra in your funding. Its staking algorithm lets customers earn extra curiosity on their investments than they’d 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 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 foreign money to spend money on for good future earnings. Being a meme coin, the asset is topic to vital worth fluctuations. It’s lucky that it’s a fascinating various given its low value. 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 group additionally stays very robust, at all times 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 will count on an upward motion as a result of it exhibits a breach from a falling resistance line and subsequent validation as assist.
SafeMoon, like most memecoins, started its journey by mocking the craze of cryptocurrency. Nevertheless, it shortly went viral and gained traction. The SafeMoon staff shortly realized the place it might go and shortly launched the SafeMoon Pockets. The group has discovered to trip 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 way of false statements, dropped his class motion final week. As this information emerged, the token’s worth skyrocketed to $0.00000196. But it surely quickly dropped to its standard worth.
SafeMoon, like most memecoins, started by mocking the cryptocurrency craze. It shortly went viral and gained traction. The SafeMoon staff shortly acknowledged its potential and launched the SafeMoon Pockets. Over time, the group has discovered to depend on its energy.
Safemoon describes itself as “a human-focused expertise and innovation enterprise advancing blockchain applied sciences for a brighter tomorrow.” The mission’s early days as a pure deflationary tokenomics endeavour appear very completely different from such a tagline. The official Twitter account has slightly below 1.3 million followers, and 300,000 individuals are members of the subreddit.
Supply: various.me
SafeMoon lately released the SafeMoon Token Monetization Innovation (TMI). The SafeMoon TMI modifications the decentralized trade panorama to unlock further entry for token accomplice listings. It primarily expands the supply of Internet 3.0 for extra individuals by making token inclusions extra accessible to token liquidity suppliers and unlocking further group potential to accomplice with significant tasks.
The way forward for SafeMoon, like the way forward for all cryptocurrencies, is unsure, nevertheless it has the potential to soar whether it is profitable in adapting to new technological and market modifications. Earlier than investing in a cryptocurrency, buyers needs to be cautious of market traits and focus on researching the cryptocurrency’s long-term influence.
