Will SafeMoon Reach 1 Cent, $1?Safemoon Price Prediction 2023-2030

The Current Price of Safemoon V2

Safemoon Price Prediction: Is SafeMoon a Good Investment?

SafeMoon was originally launched in March 2021 by former US Dept of Defence analyst John Karony. Safemoon V2 has evolved to be a more traditional blockchain (commerce, metaverse and NFT products) with a focus on DeFi. SFM was launched in December 2021. The fundamental aim of Safemoon is to reduce the inefficiencies in liquidity pools and farming rewards. In liquidity pools, contributors suffer from ‘impermanent loss’. Various features of the Safemoon blockchain include

• SafeMoon’s reflect mechanism adds an incentive for SafeMoon holders to keep their tokens for a more extended period
• The Automatic LP offers stability to the protocol by providing a price floor/cushion for token holders. 
• SafeMoon’s manual burn mechanism helps SafeMoon token holders in the long term
• SafeMoon charges a 10 percent fee to anyone who sells their tokens. 5% of this fee is redistributed to all other SafeMoon owners, which essentially rewards those who hold their tokens for longer periods.

The following are the main uses cases for SAFEMOON tokens:

• SAFEMOON token holders can earn rewards based on the number of tokens held in their accounts.
• Token holders can participate in the governance of the SafeMoon platform,
• Safemoon coins can be used to pay for goods through the Safemoon card with 2.5% transaction fees.

SafeMoon’s Products Updates For 2023

Following are the products that are in the pipeline and under development for this year:

• Blockchain update
• Safemoon’s listing on Binance
• Safemoon Card
• Exchange

Following are the products by SafeMoon that have no latest announcement, though were revealed in past:

• NFT Marketplace
• Dexonomics

The products that are already been released in the market by the previous year are Safemoon S3wap, Orbital Shield, SFM V2, Safemoon wallpapers, Wallet app, and Safemoon Merch and the canceled products include Gambia, Wind Turbines, pSFM V2 and MoonCraft.

There are very few statistics available about Safemoon’s performance. Overall, we believe Safemoon is not a good investment though it has some niche use cases.

Safemoon Price Prediction: Will Safemoon reach 1 Cent?

Safemoon will need to rise 38 times to reach $1. This can be achieved by a combination of expanded use cases as well as the burn that is already built into the system. Assuming 25% growth every year, it would SFM 17 years to reach $1. We believe it is impractical for SFM to reach 1 cent because it does not have the use cases or recent growth performance to support the growth that will be required to rise to 1 cent.

Safemoon Price Prediction: Will Safemoon reach $1

SAFEMOON needs to grow by around 3,703 times its current market value, to reach a price level of $1.

Furthermore, Safemoon’s all-time high price is $0.003 which it achieved in January 2022. Note that Safemoon crypto grew by 3 times in one month (i.e., from the lowest value of $0.001 in December 2022).

Thus, considering its 3 times growth in one month, we can say that Safemoon needs a minimum of 1,234 months (more than 102 years) to reach $1.

Therefore, it is not very practical for Safemoon to reach $1 in the coming future because economic factors (such as inflation and liquidity) will also influence its price in the future. Hence, Safemoon crypto cannot reach 1 dollar.

Safemoon Price Prediction Today

Safemoon Price Prediction 2023, 2025 and 2030

• Safemoon Price Prediction 2023 is $0.000199
• Safemoon Price Prediction 2025 is $0.000683
• Safemoon Price Prediction 2030 is $0.00439

Safemoon Reddit Discussions

In a most recent Reddit discussion, one user posted that “Safemoon is not a scam”. The post further states that SafeMoon is one of the best crypto communities in which the person has even been involved. Let us analyze the discussion.

In this discussion, one user wrote that he had invested more than $20k in SafeMoon and now he is only left with $500. Another user commented that he will only be positive with SafeMoon when liquidity is returned and the creators of Safemoon create more than a login mechanism with the system.

One user even wrote that Safemoon has huge potential as a tech company.

SafeMoon Tokenomics

SafeMoon tokens have a maximum supply of 1,000,000,000,000,000 tokens and out of which, nearly 56% of the SAFEMOON tokens are in circulation (i.e., 561,996,398,098,324 tokens).

How to Buy SafeMoon?

Follow these simple steps if you wish to buy SafeMoon:

• Find a Crypto exchange that supports SafeMoon
• Create an account with the Exchange
• Verify your identity
• Fund the Wallet
• Make the Purchase

Where Can You Buy SafeMoon Currency?

• Binance
• Crypto.com
• PancakeSwap
• Gate.io
• BitMart
• Bitbns
• Bitrue

Read: DFI Money Price Prediction

Aptos Price Prediction

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.