Safepal Price Prediction 2023-2030: Is SFP token a good investment?
Safepal Price Prediction: Considering SafePal’s growth rate of 51% in one month, its value might get doubled in less than two months.
Latest SFP Price
Safepal Price Prediction Today
|Overall Outlook||Partially Bearish|
|1. Market's Wisdom||Bearish|
|1a. Market Data||Partially Bearish|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Steady|
|2b. Social Media Sentiment||Neutral|
SFP Price Prediction: Is Safepal 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.
SFP Price Prediction: Comparison with Competitors
|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|
|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.
To conclude, SafePal coin’s one-month growth is comparable to its competitor but has underperformed in 1 year as compared to Trust Wallet. However, its advanced safety features make it a clear winner over its competitors. Additionally, the SafePal S1 hardware wallet is completely safe to store cryptos.
Also Read: Trust Wallet Token Price Prediction
Safepal Price Prediction 2023, 2025, and 2030
SFP coin Price Prediction 2023 is $1.17.
SFP coin Price Prediction 2025 is $2.52.
SFP coin Price Prediction 2030 is $17.8.
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.