Safemoon Price Prediction: Safemoon Trades Lower as Outlook Turns Negative

Safemoon Price Prediction: Safemoon Trades Lower as Outlook Turns Negative

The Current Price of Safemoon is:

Is SafeMoon a Good Investment?

  • SafeMoon is now one of the most popular digital coins in the crypto market. 
  • 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 will help SafeMoon token holders in the long term
  • SafeMoon has been endorsed by rapper Miles Parks McCollum, who suggested that SafeMoon may be the new Dogecoin (DOGE). 
  • The founder of Barstool Sports, Dave Portnoy, has also publicly supported SFM. 
  • 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

What is Safemoon?

SafeMoon was launched in March 2021 by former US Dept of Defence analyst John Karony. It is a BEP-20 token that uses proof of authority as its consensus mechanism. It has a community-driven protocol with 4 basic functions such as reflection, liquidity provider acquisition, a burn mechanism, and contribution to the ecosystem growth fund. 

The automatic liquidity provider feature is an arbitrage resistance mechanism that safeguards the volume of SafeMoon as a reward for holders. Throughout 2021, SafeMoon has received celebrity endorsements from the sports blogger David Portnoy, YouTuber Jake Paul, and rapper Lil Yachty. 

SafeMoon Price Prediction 2022: How did SafeMoon Perform In 2021?

After its launch, Safemoon saw a massive price jump to an all-time high of $0.00001399 on April 20, surging more than 1,560% higher. However, the price plummeted to $0.00001118 by closing that day and, except for a spike in May 2021, trended downward for several months before leveling off. 

In December 2021, the project released a SafeMoon new version, dubbed SafeMoon V2, and migrated to a new contract address on CoinMarketCap. The new-version SafeMoon Cryptocurrency is known as SFM. SFM started its journey on December 16 2021, at $0.0017. After sideways price action, the bull run started in late December, when the coin surged from 0.00165 on December 30 2021, to 0.0029 on the day later. According to Utah Business, there are more than 2.9 million currency holders as of now. 

SafeMoon Price Prediction Today

Overall OutlookNeutral
1. Market's WisdomPartially Negative
1a. Market DataPartially Negative
1b. Technical RecommendationNeutral
2. Crowd's WisdomNeutral
2a. Social Media BuzzNeutral
2b. Social Media SentimentNeutral

SafeMoon Price Prediction 2022: Some Facts

  • In October 2021, SafeMoon reached 350,000 wallet app downloads. By November, the number had risen to 600,000.
  • In October 2021, SafeMoon also announced a new wallet feature integrating a BNB buy button.
  • SafeMoon Crypto also launched SafeMoon V2 in December 2021, which brought a 1000:1 consolidation update with a new total SFM supply of one trillion.
  • SafeMoon also won the Crypto Community of the Year award at the AIBC Summit in Malta in November 2021. 

Recent News: 

  • SafeMoon Surpasses Bitcoin as CoinMarketCap’s Most Watched Cryptocurrency
  • SafeMoon Sees Huge Interest in Card Offering

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?

  • PancakeSwap
  • Gate.io
  • BitMart
  • Bitbns
  • Bitrue
Safemoon Price Prediction

Read: DFI Money Price Prediction

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.

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