Is SafeMoon A Good Investment? | SafeMoon Price Prediction December 2021
SafeMoon, a cryptocurrency, that has quadrupled in value since its launching in March 2021 is becoming a hot topic among traders.
Author:James PierceReviewer:Gordon DickersonDec 13, 20213.2K Shares364.4K Views
SafeMoon, a cryptocurrency, that has quadrupled in value since its launching in March 2021 is becoming a hot topic among traders.
It made news almost immediately after its April debut, thanks to a massive build-up. The currency was created to prevent early investors from selling. That design drew a devoted following of early investors, but it also drew doubters' attention to the cryptocurrency. SafeMoon looks to be a high-risk speculative investment at the moment.
If you’re thinking about whether SafeMoon will be a good investment in the long run, then the next sections may help you.
What Is SafeMoon?
Safemoon is a DeFi (Decentralized Finance) token based on BSC (Binance Smart Chain). Currently, it has over 2.6 million global holdings and a daily volume of $13 million.
So far, 42% of tokens have been burnt, reducing the current supply and increasing demand for the token.
For the fan base, you can expect a sizable amount considering that it has over 1 million Twitter followers and 155k Telegram users.
How Much Is SafeMoon In 2021?
SafeMoon began trading on March 8, 2021, with a price of $0.0000000010 and a quantity of 777 trillion SafeMoon tokens.
WalletInvestor predicted that the price of the SafeMoon coin will grow to $0.000003 by the end of 2021. However, according to Gov Capital's SafeMoon projection, the SafeMoon price might reach $0.000002 by December 2022.
Safemoon has no chance of reaching one cent in the present. Since it currently has 585 trillion coins, reaching 1 cent would take a market size of $5.85 trillion. This is approximately 3738 times its present market cap.
What Will SafeMoon Be Worth In 2030?
Price Prediction predicted that the Safemoon price might rise to its prior peak before the end of the decade. It predicted that the price will have an average of $0.00000479 in 2022, up from $0.00000320 in 2021, before rising to $0.00001485 in 2025.
The SafeMoon price prediction 2030 is expected to be about $0.00010191.
Will SafeMoon Be A Good Investment?
The cryptocurrency's current value has dropped by -3.2% in the last 24 hours as of the time this is written.
When we compare the current market value of the SafeMoon to the previous day's market cap, we can notice that it has decreased as well.
SafeMoon is having trouble gaining traction with other cryptocurrencies. In the previous seven days, the SafeMoon has dropped to approximately -15.93 percent, which is a relatively high deduction.
The currency has been displaying risky framing segments over the previous several days. While the coin has excellent fundamentals, we do not believe it will be a successful asset or a worthy investment in a long while.
Summary
As a general rule, we recommend purchasing SafeMoon only if you are interested in the project. Despite the fact that Safemoon has a large number of holders, its price has been declining for the past three months with no significant signs of recovery. This is why many investors have expressed concern about its low price.
It's vital to remember that cryptocurrency markets are incredibly unpredictable, making it impossible to anticipate a coin's price in a matter of hours, and even more difficult to make long-term predictions.
Hence, before making any investment choice, we urge that you conduct your own research and evaluate the latest market trends, news, and technical and fundamental analysis. Getting an expert opinion will also help.
James Pierce
Author
James Pierce, a Finance and Crypto expert, brings over 15 years of experience to his writing. With a Master's degree in Finance from Harvard University, James's insightful articles and research papers have earned him recognition in the industry.
His expertise spans financial markets and digital currencies, making him a trusted source for analysis and commentary. James seamlessly integrates his passion for travel into his work, providing readers with a unique perspective on global finance and the digital economy.
Outside of writing, James enjoys photography, hiking, and exploring local cuisines during his travels.
Gordon Dickerson
Reviewer
Gordon Dickerson, a visionary in Crypto, NFT, and Web3, brings over 10 years of expertise in blockchain technology.
With a Bachelor's in Computer Science from MIT and a Master's from Stanford, Gordon's strategic leadership has been instrumental in shaping global blockchain adoption. His commitment to inclusivity fosters a diverse ecosystem.
In his spare time, Gordon enjoys gourmet cooking, cycling, stargazing as an amateur astronomer, and exploring non-fiction literature.
His blend of expertise, credibility, and genuine passion for innovation makes him a trusted authority in decentralized technologies, driving impactful change with a personal touch.
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