Safepal Price Prediction 2023-2030: Is SFP a Good Investment?

Latest SFP Price

Latest Safepal Analysis

• SFP is up 8% today and 30% for the last 7 days
  • Social Media Buzz has doubled in the last 24 hours
  • Net Social Media Sentiment has risen by 30 points and is not at 53.5%
• Derivatives: Open interest is up by +81.13% to $40.71M indicating growing interest and optimism in $SFP. However, the Long/Short ratios, especially a low ratio of 0.298 for accounts, reveal a bearish inclination among traders. This sentiment is further compounded by substantial short position losses in the ‘Rekt’ data, signifying that the market’s trajectory often defied traders’ predictions.
• Overall, it appears top traders are driving the recent pumps, this makes predictions extremely unreliable.

SFP Safepal Token – Buy or Sell? Crowd Poll (New)

Safepal Price Prediction: Is Safepal Token a Good Investment?

SafePal is a secure and user-friendly crypto wallet, serving more than 3 million users across the world. Being user-friendly, it is very much suitable for beginners. The Wallet was launched in 2018 with the aim of facilitating users to protect their crypto assets.

One important point regarding SafePal is that it provides both i.e., hardware and software wallets. SafePal S1 is the hardware wallet that stores all the users’ assets in offline mode and thus, is absolutely safe.

Moreover, it supports a number of cryptocurrencies (including ETH, BNB, and BTC) that the users can easily swap, trade, store and manage without worrying about security. Users can manage their SafePal Software and Hardware Wallets using SafePal App, which they can find on Appstore and Google Play.

• SafePal is the first hardware wallet that is backed by one of the largest crypto exchanges, Binance.
• The wallet serves 6 million users across the globe (140 countries).
• SafePal offers multi-functional storage for the wallet with its three different products. Its product range includes both, a software wallet and a SafePal S1 hardware wallet.
• SafePal makes it easier to transfer cryptocurrencies to the wallet along with maintaining the security of the private keys.

There is a maximum supply of 500 million SFP coins and out of which 108,166,667 Safepal coins are in circulation (which is nearly 22% of the total). SFP coins are earned through SafePal campaigns, staking rewards, and other tasks within the SafePal app.

Let us have a look at its use cases:

• SFP coin is used to provide numerous offers and discounts to users within the SafePal ecosystem.
• SFP coin holders can participate in the development of the SafePal ecosystem through voting.
• Safepal coin can be exchanged for other crypto assets including Bitcoin and Ethereum.
• SafePal token can also be used as a mode of payment for various services.
• SFP coin holders can also participate in SafePal Earn and Lending programs.
• SafPal coin has introduced an airdrop campaign for SFP coin holders named “Wallet Holder Offering” to prevent unfair holdings of the tokens by the whales.

Comparison with Competitors

	SafePal	Trust Wallet
Product Features	Crypto Wallets	Crypto Wallets, Crypto Staking, Defi Tools, NFT Wallets, and Crypto exchanges
Deployment	iPhone, iPad, and Android	SaaS, iPhone, iPad, and Android
Playstore Rating	4	4.6
Appstore Rating	4.1	4.7
Number of users	6 million in 140 countries	25 million+ users
Safety Features	SafePal has advanced security features such as a hack-proof EAL5+ secure element, two-factor authentication, and self-destruct mechanism.	Trust Wallet’s additional safety feature is that it safely stores the private keys for backup purposes and hence, the users can access it in case their device is broken or lost.

Apart from the above-mentioned features, both tokens are backed by Binance.

$SFP-related Updates

SafePal has decided to migrate a portion of its SFP tokens from BEP-20 to ERC-20 format, aiming to capitalize on Ethereum’s extensive ecosystem. This move is to enhance the accessibility and liquidity of the SFP token. The supply and tokenomics remain unchanged, with a 1:1 conversion rate. Specifically, 200M $SFP tokens have been transferred, and the transaction details are available for transparency.

Safepal Performance so far

• Year to Date (2023): +45.7%
• Last 12 Months: +50.1%
• Since Launch (2021): -41.1%

So far, Safepal has been a Moderate case for Investment.

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Safepal SFP Price Predictions

Safepal Price Prediction Today

• Safepal Price Prediction in the next 24 hours is between $0.635 and $0.637
• Safepal Price Prediction this week is between $0.621 and $0.656

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Safepal Price Prediction 2023-2030, Aggregated

• Safepal Price Prediction 2023 is $0.714
• Safepal Price Prediction 2024 is $1.20
• Safepal Price Prediction 2025 is $1.63
• Safepal Price Prediction 2026 is $2.11
• Safepal Price Prediction 2027 is $2.53
• Safepal Price Prediction 2028 is $3.30
• Safepal Price Prediction 2029 is $4.67
• Safepal Price Prediction 2030 is $6.60

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Safepal Price Prediction: Where to buy Safepal Crypto?

The Top 5 exchanges by trading volume for Safepal are

• Topcredit Int
• Binance
• Bitrue
• DigiFinex
• CoinTiger

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~Charu Taneja

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.