Wednesday, November 30

History of SafeMoon

SafeMoon came to the cryptocurrency market in March 2021 with the tagline ‘Safe to the Moon.’ The slogan is inspired by the concept of “To the Moon,” which means quick price hikes. The platform was founded by John Karony, a former employee of US Defense departments.

It was initially launched as a meme token. However, due to its immense growth and loyal community, the team has developed some products and services. Let’s find out whether SafeMoon is legit or not!

What is SafeMoon, and How Does it Work?

SafeMoon is self-described as a human-focused technology and innovation business that leverages the advantages of blockchain and other similar technologies. It is a BEP-20 DeFi token on the Binance Smart Chain.

It encourages long-term investment. Thus anyone who sells the coin needs to pay a 10% fee. From thE 10% fee, 5% will be split amongst current investors, and the remaining 5% will go to the liquidity pool. The developers say that it will reduce the selling of the coin.

SafeMoon launched 777 trillion tokens, and the launch price per token was only $0.0000000010. It was a one quadrillion token plan at launch time, but developers burned 223 trillion before launch. The network’s developers have burned 400 trillion tokens so far, and roughly 600 trillion tokens are in circulation.


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Core Features of SafeMoon

SafeMoon protocol has a quirky design to reduce volatility by rewarding investors for holding their coins. It is a blend of auto-liquidity generating protocol and RFI tokenomics. Each trade has three functions: Reflection, LP acquisition, and Manual Burn.

Reflection: These are static rewards to correct problems with mining rewards. The SafeMoon approach differs from the traditional rewarding system in two ways. Firstly, the reward amount is decided based on the volume being traded, and secondly, it encourages token holders to collect higher payments based on the number of tokens owned.

LP Acquisition: Automatic liquidity floor creates a solid price floor for traders, and it aids in providing long-term stability. The platform has a unique feature that discourages the selling of coins by charging a 10% fee.

Manual Burn: To create a scarcity of tokens and increase the demand, SafeMoon undergoes token burning. Unlike many coins, it undergoes a manual burn instead of a periodic token burn.

Understanding SafeMoon V2

SafeMoon released the second version of its protocol named SafeMoon V2. The launch of SafeMoon V2 prepares for a comeback to the crypto world.

SafeMoon V2 was released in Dec 2021. In the developer’s opinion, it enhances accessibility, security, and quality of the contracts in the network. It came up with three essential updates to the network.

Firstly it reduced the token circulation by a factor of a thousand without affecting user balances. Secondly, it increases the quality of the network. Lastly, it improves the security and accessibility of the network. Overall, it unfolds future developments of the network.

Not just that, SafeMoon V2 refused to give up to the central government pressures and strictly refused to be chained with defective or regulatory monetary shackles.

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The Future of SafeMoon: Is It Safe?

SafeMoon has a faster payment process and is a reliable network. But the token is famous for its volatility and is sometimes referred to as a ‘shit coin’ by investors. Some investors have suffered staggering losses, while some have enjoyed excellent returns. Though it is ‘Safe to the Moon,’ it is not a safe investment due to its high volatility.

Moreover, it follows on the same lines as a Ponzi scheme. The profits or loss of your investment depends on other investors. So, understand your risk/benefit ratio and then manage your portfolio transactions accordingly.

Latest News on SafeMoon

The latest news and the talk of the town is the SafeMoon V2 upgrade, which brings the coin a better face in the crypto market. SafeMoon crypto fans celebrated the launch with an 8% increase in token price.

The developers have also released future plans. They plan to launch an exchange for trading cryptocurrencies. Additionally, they are planning to launch a hardware cold wallet for the safekeeping of crypto. SafeMoon enthusiast believes that massive upgrades will give more global coverage and contribute to rising in its current price & current growth.

Price History of SafeMoon V2

The SafeMoon price variation was interesting. It was launched in December 2021 at an initial price of $0.001658. Traders started accumulating the token due to its launch hype. Soon the SFM price growth reached $0.002993 on Dec 31, 2021. SafeMoon skyrocketed and gave around significant returns for early investors, but the price quickly plunged back at the same pace.

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Soon after the rise of Dec 31, 2021, the token traded in a range of $0.001017 to $0.003290 for almost two months. Since the price correction started after Dec 31 price rise, the coin has been trading in the downtrend, and the current price has also fallen from its launch price. SafeMoon (SFM) was a profitable investment for the short term, but the recent price fall has taken the coin to the $0.00099 level.

After that, the coin price was overtaken by bears and dragged to the $0.0007 level. When the overall cryptocurrency market skyrocketed in November, SafeMoon also hiked to create an all-time high of $0.007232. But it could not sustain the momentum and has constantly been falling through a descending channel since then.

Technical Analysis of SafeMoon V2

The current price of SafeMoon V2 is $0.0004502, with a 24-hour trading volume of $2,048,652. The current market rank is 3034, with a fully diluted market cap of $450,237,784. At the same time, the current market cap is $251,779,725, with a circulating supply of 564,509,821,410 SFM. Trading volume is 17.91% lower compared to the previous day, and the SFM price has been reducing continuously.

SafeMoon Coin Price Forecast

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The price has fallen from significant support levels forming lower lows on the daily chart. It was tested at $0.001028 on the second week of March and failed to move up, creating a lower low at $0.00072. Bollinger Bands indicate that the coin started with high volatility but has reduced the volatility over time. ADX is at 47, indicating a strong trend. But the coin price is continuously falling; if the same price trend continues, ADX may move towards the weak zone.

SafeMoon Token Price Forecast

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The coin has been trading sideways for more than a month, and the trading activity has seen a marginal drop as compared to yesterday. Thus, the coin needs a lot of support from the market to start an uptrend.

After analyzing the resistance and support levels, immediate resistance can be seen at $0.0008. If SafeMoon can cross this level, it will test the resistance of $0.0012, and significant resistance is set at $0.0018. On the flip side, immediate support is placed at $0.000350. Any further fall can take the crypto to $0.00028, which is also its significant support.

RSI is at 41 in the oversold zone indicating a neutral trend. The MACD line is just above the Signal Line, indicating slightly bullish momentum. From technical analysis, the market outlook is neutral. It may give traders a short-term buying opportunity, but it is not recommended for medium-term investment based on the current charts.

Will SafeMoon Prices Go Up?

SafeMoon (SFM) tokens are mainly used for trade. Unlike other projects with numerous use cases, the SafeMoon process surrounds increasing the coin’s value. So, if any of these mechanisms fail to drive market momentum, SafeMoon coins will suffer. Therefore there is no universal consensus that the token’s price will increase.

Yearly SafeMoon Price Prediction

Year  Minimum Price Maximum Price
2022 $0.00040 $0.0035
2023 $0.0022 $0.0039
2024 $0.0041 $0.0059
2025 $0.0065 $0.0079
2026 $0.0082 $0.0093
2027 $0.009 $0.015
2028 $0.013 $0.025
2029 $0.0243 $0.0348
2030 $0.0351 $0.0431

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SafeMoon Price Prediction: 2022-2030

SafeMoon token stands at $0.0004502. The market behavior is, no doubt, highly volatile. Nonetheless, SafeMoon constantly gave good returns for short-term investors after launch. Therefore, more investors were attracted to the coin last year. As of now, investors worldwide are worried since the token is highly bearish and may remain the same in the future.

Let us look at the long-term forecast of SafeMoon to analyze its future journey.

SafeMoon Price Prediction 2022

SafeMoon coin began at $0.002548. Projections foresee that the coin will be driven by the bear market and hit $0.000918 in the first half. Further, prediction reveals SFM token may drag to $0.00040 by the third quarter. SafeMoon’s price forecast for the rest of the year shows that it can reach $0.0035 by the year-end.

SafeMoon Price Prediction 2023

SafeMoon forecast indicates that the price may begin at $0.0022, expect volatility, and plunge to $0.0039. It may bounce back to $0.0027 within six months, but predictions are foreknowing; the price may slip to $0.0037 by Dec 2023.

SafeMoon Price Prediction 2024

SafeMoon token prognosis suggests the coin may start at $0.0041 and try an upward journey to $0.0049 within the first quarter and $0.0055 by the third quarter. If the moderate bull market continues, the SafeMoon coin will wind up the year around $0.0059.

SafeMoon Price Prediction 2025

SafeMoon cryptocurrency is predicted to open at around $0.0065. Predictions foretell Safemooon may soar to $0.0072 by the initial half of the year but cannot sustain the momentum and may plunge to $0.0067 again by the third quarter. SFM is anticipated to wind up the year at $0.0079.

SafeMoon Price Prediction 2026

The SafeMoon crypto price prediction indicates the coin may start at $0.0082 and predict a spike to $0.0093 within the first quarter, but the token lags behind the bear market for the second quarter and breakdown again to $0.0084. The forecast reveals a bear market further, and the token is dragged to $0.0089.

SafeMoon Price Prediction 2027

SafeMoon price prediction suggests the price may start at $0.0090. Huge volatility is expected throughout the years. As a result, it may hit $0.013 in the first quarter and further sink towards $0.0093 by the first half. No difference in the second half; SafeMoon moves to $0.012 in the third quarter and winds up the year at $0.015.

SafeMoon Price Prediction 2028

SafeMoon is anticipated to begin at $0.0020, may come down to $0.0017 within six months, and may sink to $0.0013 in the third quarter. A bull run may occur, and the SFM price may close at $0.0025.

SafeMoon Price Prediction 2029

Investors may lose hope in SafeMoon by this time. Bearish SafeMoon price prediction is anticipated, and the price may start at $0.0243. There is a slight hope toward $0.030. Projections show SafeMoon cannot sustain the rate and expects a pullback to $0.028 by the third quarter. Later after a bull run, it may close the year by $0.0348.

SafeMoon Price Prediction 2030

The volatility of SafeMoon is visible throughout the prediction. Without much hope, SafeMoon anticipates an opening at $0.035 in 2030. There may be a slight hike to $0.038 in the first quarter and $0.041 within the first half. SafeMoon may close the year at $0.0431.

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FAQs

Is SafeMoon a good investment?

Future SafeMoon price predictions are not bullish enough. However, it has just entered the crypto world, so it may not be the right time to judge the coin’s capabilities in such a short term. It may be a great investment in the long run. The crypto market may not always behave as predicted, so proper investment advice and own research before the investment are necessary to avoid unnecessary price drops or losses.

What will SafeMoon be worth in 2025?

From the projections, the average price of SafeMoon can reach $0.0072 within 2025.

Can SafeMoon reach $1?

No future price prediction has given any idea of the token reaching the magic dollar mark anytime soon. Projections expect a volatile move throughout the years without any noticeable movement in any of the years.

What is the future of SafeMoon?

SafeMoon is criticized for having severe flaws, so you need to consider it before buying. Due to the volatility and working mechanism, there are no accurate predictions regarding SafeMoon’s future.

Proponents are bullish, but most experts issued a volatile price prediction. It is a kind of lottery one can invest in. The future is unpredictable, and projections are bearish. Hence, the future of SafeMoon may not be completely safe.

Where to buy SafeMoon?

The token SafeMoon is not available on major crypto exchanges. If you want to invest in it, it’s better to approach PancakeSwap, as it was the first to list the token. But before you start buying, make sure you do your own research.

How to buy SafeMoon?

Here is the easiest way to buy SafeMoon. Users need to download the SafeMoon trust wallet. Follow the specified steps and complete the registration process. Purchase BNB through the MoonPay widget on the SafeMoon wallet. Wait till the BNB purchase completes. Once BNB is added to your trust wallet, click on the ‘Swap’ button. Select BNB on the top and SafeMoon at the bottom and click on ‘Swap.’ The purchase is completed once the balance is reflected in the account. You can purchase SafeMoon using BNB on PancakeSwap also.

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