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Cryptocurrency News

Can SafeMoon Price Ever Reach $1?

SafeMoon, SFM, is a newcomer in the blockchain industry which is a BEP-20 compatible token. This token was launched in March 2021 on the Binance Smart Chain platform. This token works on a proof-of-stakes-authority model. 

The reason why SFM is most talked about among investors is the transaction fee of 10% charges on every transaction. 5% of this fee is split among the holders of the token, which is called the ‘reflection function’. This mechanism forces investors to rethink before selling their tokens.

SFM is aimed to prevent volatility that is generally caused when investors sell their currencies at a large volume.

SFM also serves its users by providing them wallet services that also include fiat on-ramp integration along with multi-chain storage and reflections tracker. 

History of SafeMoon

SafeMoon was founded on the same lines as Ethereum and Bitcoin. It served maximum transparency and security towards high volatility as a decentralized finance product. SafeMoon token is also planning to develop its NFT exchange and crypto education application.  

The initial price of SFM was seen trading at $0.00000003 in March 2021. The token marked an all-time high price of $0.00001194 in April 2021. However, the value of SFM has only de-escalated after that period. It is predicted that in 2022, SFM might reach an all-time high price in the second or third quarter of the year. 

Potential Growth of SafeMoon (SAFEMOON) So Far!

The growth of SafeMoon might not be realized in terms of valuation, but the market cap of the token is quite impressive. The market cap right now stands at $283,407,480. And the analysts believe that the large market cap value is because of the transaction fees charged on the token. 

Once a user buys SFM, they have to think twice to sell it off. The market rank of SFM is 229 as of today with a huge price range daily. Many users sometimes find it head-scratching as the token tends to fall by more than 47% in a single day. 

Now See, What Experts Say on SafeMoon

According to Economy Watch, SafeMoon was one of the engaging cryptocurrencies that were launched in 2021. The token might reach a good hype if the developers commit to their promises. 

Wallet Investor has predicted that the value of SafeMoon might reach $0.000237 by 2026 with revenue to go around 4640%. Digital Coin Price, on the other hand, predicted that SFM might reach $0.00001503 by 2025 while GOV Capital thinks that its valuation will reach $0.0002553 in the same period. 

According to CryptoNewsZ, SafeMoon’s price will cross $0.0000028; you can check its yearly predictions here. While The Global Coverage thinks that SFM might value $1 by the end of 2030.

SafeMoon Price Forecast for Coming Years

By 2023, the SafeMoon coins might have a substantially greater price of $0.000034 thanks to the committed characteristics. With similar technology and announcements, as well as the expanding fields of growth the company is targeting, its price may reach $0.0000043 by 2024. 

The future token is expected to trade at an average price of $0.0000044 in 2025, rising to $0.0000050 in 2026, and then to $0.0000055 by the end of the year.

When Will It Be the Right Time to Invest in SafeMoon (SAFEMOON)?

We believe it is now! According to the predictions made before, by the end of 2022, users will be able to enjoy good profits in the end. As SFM still trades in the bullish zone, users will be able to make good profits as the token matures. What we understood by the analysis is that if SFM developers keep their promises, this token might result in good returns if you give it some time. 

Final Thought

In the end, SafeMoon might be a newcomer in the industry, but if the developers work on their mechanism, it might mature with great valuation. So if you have bought an SFM token, you might want to wait for the same to get mature. So take your time and wait for the right time to hit the sell button. You might wait to realize the true potential of this token in blockchain technology.

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