Disclaimer: The datasets shared within the following article have been compiled from a set of on-line sources and don’t replicate AMBCrypto’s personal analysis on the topic.
Safemoon could have the 2991st spot on CoinMarketCap, however this seemingly small crypto is wildly dominant on social media and enjoys reputation amongst a number of celebrities. BSC Day by day reported final month that SafeMoon was the highest BNB Chain mission that had captured essentially the most social quantity.
An investor can purchase a substantial quantity of SFM with a comparatively small funding, provided that the token is at the moment buying and selling at $0.0003178, with a market cap of $179 million and $645,529 traded over that previous 24 hours. Nonetheless, selecting to buy a crypto simply because its promoting at a low worth is neither an knowledgeable, nor a clever resolution.
The value motion of tokens like SafeMoon is basically depending on the hype across the mission and its relevance on social media. Influencers and pump teams typically exploit such tokens resulting from their social capital and topic it to pump and dump schemes. As per data from CoinMarketCap, SafeMoon has seen 2 such pump and dump schemes over the previous 30 days. On 25 August, the token rallied by a whopping 1489% inside a matter of hours, going from $0.0000001069 to $0.00000169. Equally on 9 September, SafeMoon was pumped over 400%.
SafeMoon noticed large development in 2021, nonetheless, this 12 months seems to be troublesome for SafeMoon since all cryptocurrencies are down. Nonetheless, the V2 mark has made an enormous splash for SafeMoon.
In reality, some platforms like Telegaon predict SFM’s worth to achieve a most worth degree of $0.0025 in 2022 with a median worth of $0.0015. SafeMoon, nonetheless, could hit the minimal worth threshold of $0.00089 in 2022 if there’s a bearish run. In 2022, a bullish motion is anticipated, one that 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 initiatives’ 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 almost 1,000,000 searches, in keeping 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 unimaginable to foretell the value of SafeMoon or every other cryptocurrency sooner or later. Nonetheless, 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 take a took at 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 forth., 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 Concern & Greed Index to gauge market sentiment.
SafeMoon’s worth, quantity, and all the pieces 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 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.
Come Q2 2022, nonetheless, and the token fully collapsed, mirroring the gloomy image of the cryptocurrency trade.
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 in 2021, SafeMoon’s market cap was price $3.65 billion.
In the course of 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, in keeping 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, nonetheless, with some accusing it of recruiting celebrities to assist shoot up its worth.
Everybody wants #SAFEMOON or this will likely be you 📈 pic.twitter.com/r9DCQG0pmQ
— Jake Paul (@jakepaul) March 27, 2021
This digital asset was able to smash by way of all obstacles and carry out exuberantly, attaining the height as acknowledged, as all monetary providers and market routes turned out to be useful. Over the approaching 12 months, it might actually surpass all restrictions and produce success to anybody who invested in it. By the tip of 2021, SafeMoon’s worth simply hit $0.000001367 because of sturdy good contracts.
SafeMoon’s 2025 Predictions
Market predictions will not be fully reliable. Cryptocurrency analysts can’t all the time foresee bigger political and financial forces akin to geopolitical crises in Ukraine or rising laws. In addition to, 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 range. Traders ought to conduct due analysis earlier than investing in any cryptocurrency, particularly a coin as risky as SafeMoon.
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, 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 worth 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 worth within the mentioned 12 months 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 worth within the mentioned 12 months will likely be $0.24, it mentioned.
Najumi writes that completely different forecasters have completely different expectations relating to the way forward for SafeMoon. In 2030, it could possibly be traded throughout 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. Evidently, there appears to be a whole lot of concern round.
Conclusion
SafeMoon 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 decent foreign money to spend money on for good future income. Being a meme coin, the asset is topic to vital worth fluctuations. It’s lucky that it’s a fascinating different 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 neighborhood additionally stays very sturdy, all the time making efforts to take it to newer heights. In reality, it won the Crypto-Neighborhood of the 12 months Award 2021 on the AIBC Summit held in Malta.
The way forward for SafeMoon, like all of the cryptocurrencies, is unsure however it may attain new heights given it’s profitable in adapting to new modifications in know-how and market. Traders ought to nonetheless be cautious of market tendencies and give attention to finding out long-term influence of a cryptocurrency earlier than investing.