Overall, it seems that SafeMoon has a bright future ahead of it. It has a direct stake in decentralised finance and as this grows in the coming years, we expect the price of SafeMoon to rise accordingly. What’s more, its V2 updates and impressive other features are constantly updating the coin’s ease of use, accessibility, and security. However, investors should be wary that due to the coin’s altcoin nature, it is highly susceptible to large price swings, which can lead to massive volatility.
In this article, we are going to delve deeper into the SafeMoon price and try to decipher predictions for the next 5 years. We will also take a closer look at what the project is currently doing, how it may have direct implications for business practices, and how you can buy crypto today.
SafeMoon Price History
As mentioned, the SafeMoon price has risen by over 140,000% since its inception into the markets in early 2021. This highlights the huge momentum the coin has had. SafeMoon is an altcoin which means it is highly receptive to the wider crypto market’s movements. At current, the crypto markets seem to be following a fairly bearish trajectory, with the price of Bitcoin and Ethereum both down almost 10% in the last 6 months.
As a consequence, SafeMoon has dropped a whopping 61% in the last month, highlighting the extreme volatility of the coin. However, broadening this horizon to 12 months, the coin has managed to climb over 800%! This has allowed early investors to 8x their money, which is a hefty return for any coin in such a short period of time. The current price of SafeMoon is £0.00000039.
We can summarise these movements by looking at a key timeline of the crypto markets:
March 2021: SafeMoon is floated on the crypto exchange and immediately gains traction with investors, soaring thousands of percent by April.
September 2021: Since the April spike, the SafeMoon price has stagnated and fallen by a considerable amount, however, this is in line with the broader crypto markets at this time.
November 2021: The broader crypto markets skyrocket in value, with Bitcoin reaching its all-time high of £48k. As a consequence, SafeMoon also pumps up in value, rising to £0.00000456 level.
2022: Throughout 2022, the crypto markets have struggled to gain any real momentum. This is likely tied to broader investor sentiment, as interest rates and inflation are both on the rise. As such, the SafeMoon price hasn’t performed amazingly in the first few months of this year. However, that isn’t to say it could not skyrocket over the next year.
The SafeMoon price chart below illustrates the momentous bull run the coin has had since 2021.
SafeMoon Price Prediction 2022
The SafeMoon price forecast throughout the rest of this year is likely to depend on two main factors. Firstly, the broader crypto markets will shape the trajectory of the coin. As mentioned, there seems to be a noticeable link between stock markets and crypto markets, with both sliding upon the news of inflation and rising interest rates.
As rates rise, people can earn higher returns on savings and safer investments, so pull their money out of risker assets such as stocks and crypto. This could be a limiting factor for the crypto markets this year. If this is the case, then Bitcoin and Ethereum – the two crypto market leaders by market cap – will likely struggle to produce growth. If this occurs, the bearish trajectory will trickle down into altcoins such as SafeMoon, and they may struggle to make gains.
The second factor which will shape the growth of the coin throughout the rest of this year is what extra utility and updates we see from the coin. SafeMoon is a decentralised token operating on the Binance Smart chain. Its utility derives from how it manages transaction.
Investors are discouraged from selling the token, as they will be hit by a 10% fee upon sale. Half of this fee will be paid back to investors through a dividend. It, therefore, encourages users to hold for the long term. The idea of this is that it will iron out some of the high volatility that altcoins often experience This has led to huge popularity with investors which was highlighted by insights issued by CoinMarketCap, which showed more users had SafeMoon on their watch list than Bitcoin in May 2021.
The coin also announced in February that it had partnered with EverGrow coin (EGC) which is another emerging utility token. Investors will be able to purchase EGC through the SafeMoon wallet. This makes the wallet even more useful for users.
To conclude the SafeMoon crypto price prediction for 2022, it will likely be a toss-up between how the broader crypto market reacts vs how many people realise the utility of the project. If the second factor can outweigh the first, then the SafeMoon price will likely see another encouraging rise throughout the rest of the year.
SafeMoon Price Prediction 2023
Extending this horizon to 2023, the utility will become king, alongside the broader adoption of decentralised finance. If decentralised finance becomes widely adopted, then SafeMoon will likely rise in value. Due to its encouragement of users holding the token, the volatility of the coin could also be reduced which would help more stable price increases. Now the project has set itself up strongly, it is moving on to the second phase of its development.
This involves integrating the coin with NFTs, commerce, and the metaverse. The updated version is also expected to increase the quality, security, and accessibility of the token, which is great news for its development. NFT and Metaverse markets are currently in their infant stage, but looking forward to the end of 2023, they will likely be much more developed. If SafeMoon can integrate itself into these markets then it could expose itself to a huge amount of users and hence the price of the token could rise rapidly.
Another up-and-coming project that the developers have announced is the SafeMoon exchange. This is a revolutionary idea that aims to bring tokenomics of all cryptos to one crypto exchange. If projects like these are a success, then it could really boost the price of SafeMoon.
Overall, the price of SafeMoon by the end of 2023 could be much higher than it is now if these projects are a success. In addition to this, the broader adoption of decentralised finance will play a large role in the trajectory of the coin. However, SafeMoon seems well placed to capitalise on this growth should it come to fruition.
SafeMoon Price Forecast Long Term Outlook – 2025 Prediction
Let’s now consider the SafeMoon price prediction for 2025. Considering the price movements in 2025, this utility will become increasingly important. At his stage, if decentralised finance has taken off, then it is likely that Safemoon will have followed a similar trajectory.
At this point, many businesses may have adopted decentralised schemes in order to process payments. With Safemoon’s payment utility already in place it could be adopted by businesses for this very use. The business-level utility that SafeMoon offers could place it in a great spot for growth by 2025.
In addition to this, if crypto markets keep climbing at their current pace, then it is likely that the Safemoon price will have risen regardless of its utility. Considering these factors, SafeMoon seems in a great spot for long term investment.
Potential Highs & Lows of Safemoon
Whilst we retain our overall bullish outlook for SafeMoon, there is a chance that the above factors may not come to fruition. If this is the case then there could be a potential that the coin does not reach the predicted highs. Below we set out some of our high/low price predictions for the next few years.
What is Safemoon Used For?
Buying and selling:
SafeMoon is designed for transactions, and hence its main purpose is to be bought and sold. However, there are a number of ways in which users are dismayed from selling the coin, as mentioned earlier. This aims to reduce the volatility of the coin. The V2 update has added big utility to each transaction which aims to build the SafeMoon eco system. Each transaction which is made burns 2% of the total token number, adds 3% liquidity, and adds 1% to the SafeMoon growth fund.
The SafeMoon crypto wallet allows users to hold their crypto safely and securely. Having a crypto wallet directly engineered for SafeMoon is a great point to consider, especially if you are planning on stocking up on large amounts of the coin. In addition to this, as mentioned, the wallet has started to support EverGreen Coin too, which is great if users want to hold both coins.
SafeMoon has announced a Venture philanthropy project which aims to spread the utility of Safemoon across the world. This is great for two reasons: Firstly, it allows less developed parts of the world to benefit from the benefits of decentralised finance, which can help develop them. Secondly, it pushes the products of SafeMoon to a growing number of people which may help push up the price of the coin.
What Drives the Price of Safemoon?
SafeMoon is no different from any other cryptocurrency in that the main determinant of the price is how many people are buying and selling the coin. If large amounts of investors choose to exit their market positions, then the price will fall. If large amounts of people buy the coin then the price goes up.
The determinants of who buys and sells have been explained throughout this article, but can be condensed into 3 main points:
If SafeMoon releases a set of updates that people like and think will yield long-term growth, then they will buy into the asset, which will push the price up. This was the case with both the EverGreen partnership announcement and the release of the V2 coin.
If the coin has a strong community behind it, then it is likely that people will bind together and purchase it. The more popularity the coin gains, the more it is likely to generate interest from potential buyers. This factor is linked closely to the project utility.
The wider market is also a key point to consider. At current, the market trajectory seems to be very bearish, with people selling out of their positions. However, as this changes, and investors start generating higher returns again, the price of Safemoon will most likely start to climb.
Where to Buy Safemoon
If you have got to this point in the article, you may be considering adding SafeMoon to your portfolio for some long-term gains. If this is the case, you must first set up a wallet. A crypto wallet is necessary for buying and selling crypto, as well as storing it. There are many different wallets out there, all of which boast different fees, eases of use, and other unique functions.
eToro – Best Place to Buy SafeMoon in 2022 with Low Fees and Tight Spreads
To save you the hassle of researching these yourself, we are going to take a closer look at our favourite crypto broker eToro. eToro is a great option for beginner investors looking to learn how to buy cryptocurrency as it has an easy-to-use, simple interface. What’s more, it is available on iOS and Android and wallets can be set up on multiple devices. To get set up, simply visit the eToro homepage and follow some personal details.
The crypto exchange itself gives investors access to over 2000 financial assets, and lets them buy over 50 cryptos. It has international prominence in the crypto world, spanning over 140 countries and 30 million users. If investors aren’t comfortable trading with real money straight away, they can set up free virtual accounts to start off with. These allow users to trade a virtual $100k portfolio, which is great practice. There is also only a $10 minimum trade, which means trading on a budget is an option for investors who wish to do so.
The platform also offers two unique features which set it aside from competition: copy and social trading. Copy-trading allows users to copy some of eToro’s best-performing portfolios directly into your account. These can be filtered for risk, return, and diversification as desired.
Users can copy up to 100 different portfolios simultaneously, but these can only be copied if users meet the minimum copy amount of $200. Social trading allows investors to post on a homepage, similar to a social media for markets. Posts range from opinions to stock insights and can be a great source of education for beginner investors.
eToro has comparatively low fees compared to many brokers. It offers commission-free trading for stocks and ETFs but charges a 1% commission for all crypto trades. When investors want to withdraw funds there is a $5 fee and when accounts are left for over 12 months, there is a $10 yearly inactivity fee thereafter. These are the only fees investors need to be aware of, however.
In terms Of security, the eToro wallet ranks very highly. It provides wallet users with an unlosable private key which allows users to recover lost wallets. There are also several state-of-the-art blockchain security measures built into the wallet, so users can rest assured that their funds are safe. Finally, it is FCA regulated in the UK which means your funds are protected by the FSCS Scheme.
As mentioned, setting up an account is easy to do just by visiting the site. Once users have entered some personal information to create an account, they must verify it before adding funds. This can be done by providing some valid forms of ID. Once verified users can add funds using a variety of payment methods including credit/debit cards, PayPal and Skrill. Once funded users can begin to buy SafeMoon coins.
- Highly regulated by top-tier financial authorities
- Over 55 cryptos available
- No deposit fees
- Convenient crypto app
- Wide range of payment methods
- Supports copy trading
- $10 inactivity fee after 12 months
Cryptoassets are a highly volatile unregulated investment product.
Is SafeMoon Coin the Best Crypto to Invest in?
After reviewing the popular cryptocurrency Safemoon, users may have got a better idea of the token’s past performance and key features. However, we recommend Battle Infinity as the best cryptocurrency to invest in. The Battle Infinity project is a decentralised platform that offers users the choice to enter the cryptocurrency and Web 3.0 world.
Battle Infinity provides users the opportunity to invest in their utility token – IBAT, and participate in their metaverse – Battle Arena. The Battle Arena metaverse offers 6 different play-to-earn (P2E) opportunities to combine gaming with monetary aspects for which the blockchain has become popular. With IBAT tokens, users can earn rewards by taking part in various games. Furthermore, the IBAT token can also be swapped with other cryptocurrencies with the Battle Swap – a decentralised exchange that exists on the metaverse.
Battle Infinity also aims to increase liquidity with its global liquidity pools. In order to participate in the P2E games, users must deposit IBAT tokens. A portion of these tokens is collected as transaction charges, which are put into global liquidity pools. Anothef P2E feature is the IBAT Premier League, which is the world’s first NFT-based sports fantasy league.
Users can also access staking features and a Battle Swap DEX. Users can stake IBAT to earn an APY on their investments.
Now that the IBAT presale has concluded, raising over 16,500 BNB, Battle Infinity is planning to release the token on PancakeSwap – the popular DEX. Battle Infinity plans on deploying NFT land sales and multiple mainnet integrations as part of their future roadmap plans. Interested users can stay up to date with this project by checking out the Battle Infinity Telegram Group.
If you are looking to add some SafeMoon to your portfolio, then we recommend setting up an eToro wallet. It is highly secure, easy to use, offers multiple crypto trading, and is FCA regulated.
We also rate the upcoming Battle Infinity game highly as an alternative to SafeMoon. Another excellent alternative to Battle Infinity and SafeMoon is IMPT, a carbon credit token. The project is currently in its presale stage and has already proven itself to be a big hit with investors. With demand for IMPT growing daily, it’s worth checking out the project today using the link below.
IMPT – 100x Potential Presale
- Carbon Offsetting Crypto & NFT Project
- Holders Make an Impact on the Environment
- Industry Partnerships, Public Team
- Stage 1 Presale Live Now
Will Safemoon ever hit $1?
What will Safemoon be worth in 2025?
What was the starting price of Safemoon?
What is the Safemoon price prediction?
Will Safemoon price go up?
Does Safemoon have a future?
It is vital to always invest responsibly in awareness of all risks involved. Markets can be extremely volatile, so you should conduct extensive research before investing. Our site provides regular updates and diligently verifies all platforms it recommends, but you should form your own opinion and invest only what you can afford to lose. There is never any guarantee of a return on investment.
This news is republished from another source.