SafeMoon coin entered the market only in spring 2021 and rushed to attract the attention of investors. The DeFi market has a new player to turn the decentralized sector, already known for its inconsistency, upside down. SAFEMOON is compared to DOGE, and it is said to be a new progressive altcoin. Let’s figure out what SafeMoon is and what to expect in its price prediction.
SafeMoon Crypto Overview
SafeMoon was launched on March 8. The project was built on the Binance Smart Chain network and is actually a BEP-20 token. The main goal of the creators is nothing but ‘mooning,’ which means soaring in price (which seems quite suspicious). The team behind SafeMoon aims to make a groundbreaking coin that is not affected by the valuation bubble burst and embrace a DeFi reflection and farming.
SafeMoon is a decentralized finance (DeFi) token. Its protocol includes three simple functions:
- Liquidity Pool (LP) acquisition
In the first quarter of 2021, the company introduced the SAFEMOON/DOGE trading pair on Bibipom exchange and began a legal paperwork process with Bitmart and Whitebit. Since March, the price of the asset has risen from $0.00000001 to $0.000005. However, the cryptocurrency market nature is speculative. But there is one fact.
The decentralized finance market is diverse – exchange, lending, insurance, etc. DEX exchanges are regulated by smart contracts. When smart contracts are posted on the network, users can examine them and start interacting with them. Until the developer changes the contract, the smart contract will conscientiously fulfill the intended tasks without the need for clients to provide identification data, open and replenish accounts, exchange funds, or withdraw money.
The key concept in DeFi is yield farming, which is equivalent to the bank’s percentage of the deposit. We have already explained what yield farming is in our article. Yield farming has an APY (annual percentage yield), which can reach even 5,000% per year.
With the rise in popularity of DeFi, many cryptocurrencies fall into the trap of high APY of LP farming as earlier buyers with higher rewards crowd them out. However, tokens almost always suffer from an imminent valuation bubble, followed by an explosion and an impending price collapse. The solution to this problem in SafeMoon is static rewards, which depend on the volume of the token being traded.
Reflection encourages holders to keep their tokens to obtain higher returns, which are percentage-based and dependent on the total number of tokens held by the owner.
Burning benefits only in the early stages. SafeMoon monitors the burning and announces the conditions and the number of tokens to be burnt. Burning is aimed at holders who are ready to invest in the project in the long term.
SafeMoon Cryptocurrency Long Term Price Prediction
The developers’ plans are impressive. The team is architecting an NFT exchange, developing a video game integration, educational app, and charity platform. These are the plans only for 2021. If everything goes like clockwork, the coin can reach unprecedented heights along the same lines as the project.
SafeMoon Price Forecast: Authoritative Opinions
SafeMoon price today is really aimed at an upward trajectory. Next year, the exchange rate might go up to $0.00000221 and reach $0.00000703 by the end of 2025. Digital Coin Price source supposes SafeMoon price to reach $0.000002 by the end of 2021. In 2022, the price might slightly go up to $0.0000026422. By 2025 the SafeMoon price may touch $0.0000044709.
David Zeiler, the associate editor at Money Morning, claims that SafeMoon is nothing but a bubble that will burst soon: “My SafeMoon price prediction is that it will blow up and go to zero — and within a couple of years, will end up on the ever-growing heap of deadcoins.“
Well, only time will tell what SafeMoon is. We would like to advise you to DYOR before making any crypto purchase or investment, especially connected with such freshmen. Remember that the cryptocurrency market has a highly volatile nature.
SafeMoon Price Prediction 2022
According to crypto experts and analysts, the SafeMoon forecast has a tendency and, what is essential, a potential to grow and keep SafeMoon legit. However, they do not predict that these changes will happen rapidly. The table with the average possible SAFEMOON prices in 2022 is presented below. Also read which cryptocurrencies will grow in March 2022.
Jan 2022 $0.00000163
Feb 2022 $0.00000166
Mar 2022 $0.00000172
Apr 2022 $0.00000176
May 2022 $0.00000181
Jun 2022 $0.00000188
Jul 2022 $0.00000192
Aug 2022 $0.00000196
Sep 2022 $0.000002
Oct 2022 $0.00000206
Nov 2022 $0.00000214
Dec 2022 $0.00000221
SafeMoon Price Prediction 2023
After the surge that will probably occur in 2022, it is expected that the price of SafeMoon tokens might continue to grow in 2023. By the end of 2023, it could reach $$0.00000260.
SafeMoon Price Prediction 2024
SAFEMOON might resume the trade at $0.00000336 at the beginning of January 2024. The price might reach new heights if it manages to grab the attention of the new investors. The token might decline to $0.000002 if the crypto comes across supply pressure. By the end of 2024, the altcoin might be trading at $0.00000479.
SafeMoon Price Prediction 2025
Suppose the SafeMoon currency network becomes more user-friendly, and more investors understand the advantages of holding rather than selling. In that case, they will most likely join this network, which will lead to a significant price increase to $0.00000798 by the year 2025.
However, if the cryptocurrency falls under any rules that may appear in the years to come, there will be uncertainty, due to which the current price will fall to a low level of $0.000003 by the end of the next five years.
SafeMoon Coin Price Prediction 2030
Many crypto market analysts do not make long-term future SafeMoon price predictions as many factors can affect the SafeMoon currency forecast in the long term. Anyway, it is still possible to propose a SafeMoon coin price forecast according to the current data, technical analysis, and latest news. Thanks to the historical analysis data of the exchange rate, the experts assumed that in January 2030, the price of the SafeMoon coin might reach $0.000054.