SafeMoon is a DeFi-based (decentralized finance) protocol token offering liquidity provision, yield farming rewards, and reflection.
According to market watch, SafeMoon crypto price has witnessed several up and downtrends since its emergence in December 2021. In the meantime, the trading price of the token is around $0.0002755.
On January 5, 2022, the token reached its all-time high of $0.007232. Judging from its current trading price, SafeMoon is down by less than 96.04% from the ATH.
This current trading price negates the SafeMoon price prediction in 2022 due to the bearish trend of the cryptocurrency market. But is there an optimistic prediction for this token?
Read on to discover more about SFM price prediction from the rest part of this year to 2030.
What Is Safemoon (SFM)?
SafeMoon or SFM is the alternative digital currency to the initial SafeMoon V1. SafeMoon was developed to tackle issues concerning the valuation bubble. This bubble often follows the collapse and surging of a token’s price.
So, to prevent such an occurrence, the platform created its solution. One of the solutions it offers is a static reward, which allows the token to stay afloat of the APY LP-farming set-up or trap.
SafeMoon was designed as a DeFi (decentralized finance token. Initially, SFM was operating on the BSC (Binance Smart Chain), but now it’s a blockchain of its own. The SFM's major functions during traditional trading are Token Burn, LP Acquisition, Growth Fund, and Reflection.
History of SafeMoon blockchain
The first version of SafeMoon was released in March 2021 and was running on the Binance Smart Chain (a Bep-20 token). However, the token now operates on its blockchain, from whence it developed its second version, SFM, in December 2021.
What protocol does SafeMoon use?
SafeMoon blockchain uses the Proof-of-Stake mechanism. Holders of the token are in charge of securing the blockchain. They also act as validators responsible for authenticating the transactions on the blockchain.
Also, the voting power of these users is a function of the number of tokens they hold. So, the higher the number of coins, the greater their voting power on the network.
The essence of this protocol is to create a more decentralized and democratic governance model of cryptocurrency.
What makes SafeMoon different from other cryptocurrencies
SafeMoon can stand out due to its unique features, such as:
Manual token burn
The primary goal here is to reduce the supply of SafeMoon tokens. This process, in turn, increases the demand and value of the token as time progresses.
A SafeMoon price speculator can leverage this feature for intending investments, since its price growth depends on the manual token-burning process.
Static rewards
The 5%-coin distribution to holders of SafeMoon is known as Static Rewards. The amount of static rewards distributed to holders depends on the token's trading volume in 24 hours.
The 5% given to holders emerges from the 10% deducted for each transaction performed on the cryptocurrency market. Through this method, the community can easily curb the adverse effect of selling pressure.
Spontaneous liquidity pool
Another feature of SafeMoon is the spontaneous suck-up of tokens obtained from transactions. They're the fees charged for each dealing on the network. Every token derived through this process goes to the liquidity pool of the company on PancakeSwap.
This feature facilitates the rigidity of the crypto price and may attract penalties for massive selling activities. As a result, it's unlikely that whales in the crypto markets will dump the token.
SafeMoon at a glance
Factors Influencing Safemoon SFM Price
Generally, external and internal factors are the main influences of smart contract tokens, and SafeMoon is no exception. Here are some common ones:
Supply
As of November 25, the total circulating supply of SafeMoon stands at over 560.67 billion SFM tokens. Its current maximum and total supply are the same, standing at 1 trillion tokens, according to CoinMarketCap.
One notable influence of digital token prices is its maximum supply. In most cases, the higher the number of tokens available, the lesser the token’s value. But with a limited supply, the demand for the token will keep rising, which in turn boosts its price.
If SafeMoon uses the burning mechanism to reduce supply, the higher its value.
Demand
The demand for a digital token is another major factor that affects its price. Presently, the demand for cryptocurrencies has dropped significantly, which is evident from the current bearish market.
SafeMoon price speculators and analysts are still skeptical about the possibility of a bull run soonest. But a reversal can take place, increasing demand and spiking prices up, including SFM.
Macros
Several events in the global economy and the crypto market can affect the price of digital currencies. For instance, the ongoing war between Ukraine and Russia or the recent FTX crash are current events.
Events like these can thwart the bullish trend of digital trading assets, which also applies to SafeMoon.
Bitcoin price moves
The fall or rise of the world's largest cryptocurrency, Bitcoin, also affects altcoins prices. Being the mother token in the crypto space, it tends to lead the market upward or downward. A noteworthy case is the current bearish state of the market. BTC price has plummeted significantly, pushing other asset prices down.
SafeMoon (SFM) Past Price History – Detailed Price Movements
Knowing a token's past performance could project a picture of its possible future behavior.
SafeMoon launch price
On December 16, 2021, SFM started its journey in the crypto ecosystem at $0.0017. Its initial price at the dawn of December 30 was $0.00159. It later witnessed a sudden bull run, bringing it to a price of $0.0029 after the next 24 hours.
It maintained a gradual bullish trend, which brought it to its all-time high of $0.007232 on January 4, 2022. A steady dipping followed the preceding bullish move, which brought it to as low as $0.001537 on January 22.
The occurrence erased more than half of its price at the time in just over 2 weeks.
UST depegging and LUNA collapse
There was more negative news in the following few months. The striking one was the UST stable coin de-pegging, which also brought the downfall of its native cryptocurrency, LUNA.
This event occurred on May 11, 2022. Following the incident, the SFM crypto price dipped to about $0.0002773.
Canceling of withdrawals
The token later gained some green bars after the price drop. But as time passed, SafeMoon witnessed another negative price movement. This resulted from the news that stated the cancellation of withdrawals on the CEL network – A cryptocurrency lending platform.
The CEL digital token slumped due to the news, which affected the SFM token price. On June 15, the 24 hours low of the token was about $0.0004064. It gained some value in a few days, June 17 precisely, reaching a price of $0.0006581.
However, the price growth was short-lived, as it later dropped to $0.0003726 on June 26. The token has been witnessing fleeting recovery since then and still hovering around the $0.002 price mark.
How Is Safemoon Doing Now? Is SFM Bullish Or Bearish?
Data from CoinMarketCap reveals that SafeMoon has been on a bearish trend in the last 24 hours. This is visible in its 24 hours price change of -2.43% at the time of writing. The current trading price of the token stands at $0.002755.
Image Source: CoinMarketCap SafeMoon / Tether Price Chart
The token's trading volume in the past 24 hours is $456,950, with a circulating supply of more than 560.67 billion SFM tokens. Its total and maximum supplies are equal, standing at 1 trillion SFM tokens. The digital coin has a current market cap of $151,483,565
Safemoon Crypto Price Prediction Today
As of yesterday, November 24, the token reached a maximum trading price of $0.000282 and a minimum price of $0.0002673. These figures indicate that the SFM token currently displays a tight price movement.
Safemoon Price Prediction For February 2023
The forecast for SFM in February 2023 below will prove that the trading asset will make a good investment option in the long run.
Short-Term Safemoon Price Prediction For 2022
Below is SFM Price prediction for November and February 2023
Long-Term Safemoon Price Prediction For 2023
According to a certified cryptocurrency analyst, the trading price of SFM may experience a standard rush if the cryptocurrency market invests in this trading asset.
Let's see the month-by-month SafeMoon price prediction for 2023
Long-Term Safemoon Price Prediction For 2023 – 2030
According to technical analysis, below is the optimistic prediction for SafeMoon for 2023 to 2030.
Long-Term SafeMoon Price Prediction by Experts
Investing in cryptocurrency is risky, which calls for in-depth research for extra knowledge. You can begin your research by looking at some cryptocurrency analysts' predictions.
Let’s consider some SafeMoon price predictions from a few crypto experts.
Price prediction by Wallet Investor
Based on the technical analysis of Wallet Investor, the maximum trading price of SafeMoon in the remaining days of 2022 will be $0.000314. It forecasts the minimum and average prices to be $0.0000519 and $0.000182, respectively.
Meanwhile, its analysis for 2023 shows that the price of the token will maintain a bearish trend throughout the year. According to Wallet Investor, the maximum SafeMoon price prediction in 2023 will be in the range of $0.0000792. It will have an average price of $0.0000528 before the year runs out and a minimum price of $0.0000261.
Price prediction by Digital Coin Price
SafeMoon price prediction data by Digital Coin Price reveals that the token will maintain a bullish trend as time progresses. As per its prediction, the maximum price will be around $0.000976. SafeMoon will have a year's low of $0.000790 and an average trading price of $0.000968.
In 2025, SafeMoon's max trading price could be $0.00122, with a minimum price of $0.00103. The anticipated average price is $0.00118.
Software Testing Help Forecast for 2026 and 2027
Considering the analysis of SFM costs by Software Testing Help in 2026, the token's possible maximum and minimum prices will be $0.0093 and $0.0082, respectively. The average price could be about $0.0089.
Moving into 2027, the expected maximum SFM price is $0.015, and a minimum trading price of $0.009. The average trading could be about $0.0093, expected in the H1 of the year.
Price Prediction By Margex
SFM has also been on the downward price trend recorded in the cryptocurrency market for most of the year. Macroeconomic factors, which include the collapse of FTX more recently, have contributed to this.
Based on the prevailing trend, Margex experts in crypto price trends have made SafeMoon price predictions for the next month.
SafeMoon is currently trading above the 50-day SMA but below the 2000-day SMA. This indicates a short-term rally for the token. The MacD and its signal line are currently showing bearish sentiments for SFM.
SFM has bounced off a key support level of 0.001826 and is approaching support of 0.0003579. It might not rally to the next resistance around the 0.0004388 level.
The price movement will rally briefly and then continue on a bearish trend up to December 2022. Although it is a slightly optimistic prediction, this is not a bit of investment advice. Traders should only risk what they can afford to lose.
FAQs-Common Questions About SafeMoon Price Prediction
If you’re still wondering about SFM price growth in the future, check these answers below.
Is the future bright for SFM?
The future of SafeMoon (SFM) as a cryptocurrency doesn't seem so bright, especially for short-term investors. Most analysts regard the coin price to be highly volatile. However, SafeMoon price prediction by Reddit Community and other crypto analytic platforms suggest that the coin has some future potential.
What will SFM 2025 price be?
SafeMoon price predictions suggest the coin will reach a high of $0.08 in 2025 and a low of $0.072. According to forecasts, listing the token on top exchanges like Binance and Coinbase could drive its price increase. In the first half of 2025, SafeMoon might likely increase to $0.0072, but may drop to 0.0067 by the third quarter.
What will be SafeMoon price be in 2030?
Crypto price forecasts suggest that SafeMoon price will reach $0.69 in 2030. Experts believe additional use cases, innovations, and partnerships could propel the coin to this level by 2030.
Is SFM good for long-term investment?
SafeMoon was launched in 2021, which makes it one of the newest cryptocurrencies. The SFM token's only use case is for buying and holding. Long-term investors who wish to buy and hold for a long term without selling receive a reward. Therefore, SafeMoon can be considered suitable for long-term investment.
Conclusion
Many factors influence the cryptocurrency market. SafeMoon is also feeling the effects of the current crypto bearish trend. Currently. Investing in tokens is quite risky as prices fluctuate based on human sentiments. SafeMoon is a project to consider while taking a long-term view on investment.
But if you want to trade on reliable crypto assets, including BTC, ETH, USDT, USDC, TRX, DAI, AVAX, LINK, MATIC, etc., visit Margex.com. It is a popular crypto exchange to buy, sell, and trade digital assets. Margex relies on multiple liquidity providers to avoid price manipulations. The platform also offers features that include staking to safeguard your investments. Sign up today, make deposits in crypto or credit/debit cards, and start trading.
