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SafeMoon Price Prediction for 2024-2030

Feb 14, 2022 5 min read

SafeMoon Price Prediction

SafeMoon (SFM, formerly SAFEMOON) is a decentralized finance (DeFi) token that has attracted some interest from traders and investors. Launched in March 2021, SafeMoon gained value quickly. But it could not sustain the high price it attained shortly after its launch. However, this token's unique features and development plans may facilitate its recovery in the future. But will it happen? Find it out in our current SafeMoon price prediction for the following years.

What Is SafeMoon Crypto?

SafeMoon (SFM) is a DeFi token launched on March 8, 2021. Before changing its name to SFM, it was known as SAFEMOON. This token runs on the Binance Smart Chain (BSC) and is compatible with the BEP-20 standard. SafeMoon utilizes a proof-of-stake-authority (PoSA) protocol as its consensus mechanism.

The protocol of this token is community-driven. One of the unique features of SafeMoon is that it penalizes sellers. This token follows a buy-and-hold philosophy. Users are charged a 10% fee for every transaction on the SafeMoon platform. Half of this fee is split among all other SFM holders. In this way, SafeMoon discourages the selling of SFM tokens.

At the time of launch, SafeMoon had no utility other than the possibility of infinitely increasing token generation (provided that a user does not sell their SafeMoon tokens). Some people speculated that SafeMoon could be a Ponzi scheme. However, developers have planned to expand this project by adding a non-fungible token (NFT) marketplace. SafeMoon will also have a coin launchpad to allow users to create their own cryptocurrencies. What’s more, SafeMoon will have a decentralized exchange (DEX) soon.

To ensure the SFM token gains value over time, SafeMoon uses a coin-burning strategy. As a result, SFM is a deflationary cryptocurrency. The maximum supply of SafeMoon was one quadrillion SAFEMOON tokens. The launch of SafeMoon V2 in December 2021 (more about it later) brought a 1000:1 consolidation update. As a result, the token was renamed from SAFEMOON to SFM, and the total supply changed to one trillion SFM tokens.

How to Buy SafeMoon Tokens?

If you are interested in this token as an investment, you can purchase it from a crypto exchange linked to the BSC. If you opt for this alternative, you first need to buy Binance Coin (BNB) and deposit it in a wallet supporting the BEP-20 standard. Then, you can swap your BNB coins for BSC tokens. Alternatively, you can use LetsExchange.io to perform a crypto swap without any hassle. Our platform supports more than 4,000 cryptocurrencies and tokens, which you can use to buy SFM tokens.

SafeMoon Price History

SafeMoon hit the market on March 8, 2021, with a price of $0.0000000010 and a supply of 777 trillion SAFEMOON tokens. This token gained value quickly. By April 20, each SAFEMOON token traded at $0.00001339. This meteoric rise sparked enthusiasm among traders and investors. But some people considered the possibility of SafeMoon being a Ponzi scheme. This token showed very high price volatility. It rapidly fell to $0.000003767 over the next three days. But it bounced and traded at $0.000006967 on April 24.

For most of May 2021, the SAFEMOON price fluctuated between $0.0000070 and $0.000011. Later, the value of this token declined progressively, bottoming at $0.000001144 on September 28. The SAFEMOON price climbed again, reaching $0.000006523 on October 29. A downtrend ensued, taking the SAFEMOON price to $0.000001337 on December 4. This month, the project released SafeMoon V2, an updated version of the SafeMoon contract. This token changed its name from SAFEMOON to SFM as a result.

The SFM token started trading on December 16, 2021, at $0.001658. It reached $0.00293 on December 31. By the end of January 2022, a downtrend ensued. Since then, the SFM price has been declining. As of January 14, 2023, SFM traded at around $0.00028 per token.

SafeMoon Crypto Forecast for Long Term

As seen, SafeMoon has been highly volatile during its short existence. Its spectacular history could be part of its popularity. Several celebrities, such as rapper Miles Parks McCollum, have endorsed this token. What is the future of SafeMoon? Let us review several prominent SafeMoon predictions for the coming years to answer this question.

SafeMoon Token Price Prediction 2025

Wallet Investor forecasts an SFM price of $0.00254 and $0.00335 in January 2023 and January 2024, respectively. By January 2025, the SFM price would be $0.00429. These projections show a steady token appreciation over the next few years. Experts with DigitalCoinPrice are less optimistic and predict $0.00244, $0.00257, and $0.00306 for the same dates above, respectively. For its part, CryptoNewsZ forecasts an average SFM price of $0.0044 in 2025. A maximum price of $0.0050 is possible according to this forecast.

SafeMoon Crypto Price Prediction 2030

There are few SFM price forecasts for the long term because of the difficulty of producing it. Yet, DigitalCoinPrice predicts $0.00616 in January 2018 and $0.00701 in December 2029. Some over-optimistic analysts expect SafeMoon to cross the $1 line in 2030. However, it seems unfeasible for this token to reach such a high price by 2030.

FAQ

Why Should I Use SafeMoon over Bitcoin and Ethereum?

You probably shouldn’t. Although Bitcoin and Ethereum suffer from price volatility, they are much more stable than SafeMoon.

When SafeMoon Price will Reach $1?

Over-optimistic analysts believe the SafeMoon price could reach $1 by 2030. More conservative experts think it could happen between 2035 and 2038. But in reality, nobody knows for sure when it will occur or if it will ever occur.

Where Can I Buy SafeMoon?

You can buy this token from several exchanges. However, LetsExchange.io offers fast swaps without registration at very competitive rates.

Should You Invest in SafeMoon?

SafeMoon was an excellent short-term investment in the few months after its launch. But it is unlikely that we will see enormous SFM price surges again. Yet, most experts agree that this token will gain value steadily over the next few years. If you choose to invest in SafeMoon, do it cautiously because of the high price volatility of this token.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.


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