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Safemoon is a new cryptocurrency launched recently that attracted many online on various platforms. The huge spike that the project witnessed offlet, raised many eyebrows, with an growing interest overtime.

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Safemoon is a community driven decentralized DeFi token that performs three functions during trade, Reflection, LP Acquisition and Burn. Moreover, the developers of the project are doing a lot of online interviews and AMA sessions to create awareness of the project. 

Having the plans to develop a non-fungible token (NFT) exchange, the platform intends to develop charity projects and crypto educational apps as well.

Lets dig in deep to know the future prospects and the price variation with predictions.

Overview

Cryptocurrency SafeMoon
Token SAFEMOON
Price $0.000003502
Market cap $2,097,132,203.63
Circulating Supply 585,536,366,402,812 SAFEMOON
Trading Volume  $24,924,056.93
All time high $0.00001399 Apr 20, 2021
All time low No Data Mar 09, 2021 

What is SafeMoon?

The Safemoon protocol was launched recently on March 08, 2021. As per the website, the token is based on three main functions, Reflection(Static Rewards), LP Acquisition, and Burn. The people who hold the token for a long time are eligible for static rewards. The automatic LP helps to control the volatility of the price. 

Maintaining the safety of the protocol, the developer burned all tokens in the Dev wallet before launch, having a fair launch on DxSale. The LP is locked on DxLocker for four year and generated with every trade & locked on Pancake swap.

Also Read: Tron Price Prediction, Will TRX Price Reach $1 by 2021?

SafeMoon Price Prediction 2021

SafeMoon initiated its trade on March 10, 2021, with a price almost close to $0. However, it gained enough momentum to propel and rise steadily. Within a month, at the beginning of April 2021, the token was successful to attract many traders who infused huge liquidity into the project to uplift the price to $0.00000702. However, the market crash did affect this token as it fell near $0.00000569. Safemoon gradually surged from there, yet struggled to recoup its old price marks.

Safemoon being a unique system that rewards its token holders has been pulling some crowds since its advent. If the network plans to implement greater benefits for token holders, and distributes higher parts of the penalty tax obtained, it can grab some more investors, causing the price to hike up to $0.0000290.

 If Safemoon moves steadily with its current system, without any major developments on board, the trend may be stagnant and might be seen trading at an average price of $0.0000215. 

On the other hand, if Safemoon does not get listed in further crypto exchanges, it can become hard to buy this token. This might eventually drive away the investors due to which the price may drop to $0.0000186.

SafeMoon Price Prediction 2022

If Safemoon price hits highs and turns bullish this year end, then the bullish momentum can be carried further, commencing 2022. So, the price might be seen moving between $0.0000297 and $0.0000310, starting 2022. However, if this year end witnesses bears for Safemoon, the next year may resume trading with a bearish trend and might kick start the year with $0.000020. 

By the end of 2022, if Safemoon starts working on being more competitive to bypass the disadvantage blocks most cryptos offer, the price may swell and hit a high of $0.0000581.

If there are no new collaborations or improvements that Safemoon would pay attention to, the token may fail pulling out new investors and might trade at an average value of $0.0000533, with its existing users.

If Safemoon plans to increase their penalty tax for sellers from 10%, it might eventually lose investors and new traders will stay away from this currency freaking out about the tax percentage. In such a case, the price might knock down deeply at $0.0000481.

SafeMoon Price Prediction for the Next 5 Years

In case Safemoon increases its user friendly nature and more investors start understanding the benefits of holding than selling, they are likely to jump into this network, helping the price surge greatly to $0.000151 after 5 years. 

However, if the crypto falls into any regulations that might pop up in the coming years, an uncertainty will arise leaving the price to drop to low levels at $0.000094 by the end of next five years. If Safemoon retains the amazing benefits it offers for the token holders, the existing investors will continue here, and so the pri

Also Read: Monero Price Prediction, What Highs Will XMR Price Hit In 2021?

SafeMoon Price Market Prediction

  1. Wallet Investor

According to Wallet investor’s algorithm based forecast , they revised the  price to $0.000036 within a year, with a long term earning potential of +788.37%. In the next five years the price may hit $0.000160 with minimal drops in the price.

  1. Digital Coin Price

Their revised Safemoon prediction says that, price is expected to surpass $0.00001068 after three years from now. However, the price may surge above $0.00001236 by the end of 2025.

  1. Bulliscoming

Bullis coming predicts more or less a similar price pattern. According to them the price will surpass $0.0000245 by 2023 and rally further to cross $0.0000329 by the end of 2024. By the end of 2025, the price may hit $0.0000341.

Our Price Prediction

If Safemoon continues to trend in the market, more investors will be into it due to FOMO, thereby the price can smash a new high of $0.0000288 by this year’s end. On the other hand, Safemoon, currently being volatile, if it starts to fluctuate higher in the coming days, might create FUD, and so the price may dip to $.0000180. 

Also Read: Dogecoin Price Prediction: DOGE Price Forecast For 2021 and Beyond

FAQ

What is SafeMoon Token?

SafeMoon is a community driven, DeFi token that aims to excel in the crypto space by developing an NFT exchange.

Is investing in SafeMoon a good option?

SafeMoon can be considered for a long term investment as the price is expected to rally high in the coming five years. 

Will SafeMoon token reach $0.1 ever?

Considering the present price and its movements, $0.1 seems to be very far off. However, crypto space is filled with surprises and hence this milestone despite being far off, may still be an achievable target.

How to buy SafeMoon?

To buy Safemoon token, one must have BNB. Later, using your wallet, browse Pancake Swap on your DApp tab ans in the swap option, select ‘Safemoon’. Enter the amount you want to swap and click on swap button.
*Note: You need to set slippage between 11%-12% before swapping

Is Safemoon legit?

Very little is known about this cryptocurrency at this moment. Some belive it is a get-rich-quick scheme, some are currently unsure while some influencers refer it to a pyramid scheme.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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