With the growth of the cryptocurrency market, lots of new digital currencies have been appearing. One such example is SafeMoon. SafeMoon’s name is associated with “to the moon” in the cryptocurrency communities. While it is unclear who originated the phrase, it has probably raised the support level for the coin. The currency that started as a wink coin is now trading at the $0.00000300 mark.
Competing and bracing in the challenging markets, SafeMoon is a cryptocurrency that refuses to bow down to central government pressures or be chained in defective and regulatory monetary shackles. SafeMoon has made it possible for everyone to store and transfer value in a currency that is resistant to manipulation. The ‘safe ‘part of its name is perhaps a slang term in the crypto market that indicates approval rather than a reference to the coin’s apparent security.
What is SafeMoon?
SafeMoon (SFM) is a token circulating on SafeMoon protocol. It is a DeFi “community-driven” project designed to help democratize yield farming. It was launched in March 2021 and quickly became one of the most exciting meme coins. It runs on the Binance Smart Chain, making it less accessible than other digital assets like bitcoin or Ethereum. SafeMoon plans to develop an NFTexchange, charity projects, and cryptocurrency educational apps.
SafeMoon doesn’t have any unique use cases, i.e., it’s simply a cryptocurrency, but it does have some exciting features. The token holders pay a fee out of every trade – a 10% commission. Half of this commission is distributed between all the holders, and the other half is partly locked into a smart contract and partially put into a liquidity pool. This token-sharing mechanism aims to prevent the occurrence of significant price dips when large volumes of tokens are sold.
SafeMoon aims to solve the “liquidity problem.” Essentially, liquidity providers like Aave and compound bring in millions of dollars a day, with new users coming in all the time to try and farm tokens. SafeMoon discourages these users from doing so, thanks to a transaction tax. The commission works both as a penalty for speculators, rewarding long-term holders, and as a way to ensure liquidity and provide static rewards for those holders. This unusual mechanism raised some concerns about the possibility of SafeMoon being a scam.
Those doubts were fuelled further by the announcement that the team will execute manual burns instead of algorithmically defined ones – many feel this gives the team too much control. On the other hand, the dev team burned their tokens to ensure a fair launch, and overall, they seem accessible and eager to answer any question to alleviate doubts.
SFM Current Price
The live SafeMoon price today, 05 March 2022, is $0.000001 USD with a 24-hour trading volume of $96,874.82 USD. SafeMoon is down 12.27% in the last 24 hours. The current CoinMarketCap ranking is #217, with a live market cap of $641,939,685 USD. It has a circulating supply of 585,536,366,402,812 SAFEMOON coins and a max. supply of 1,000,000,000,000,000 SAFEMOON coins.
With SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to an 80% APY, which is staggering when compared to traditional interest accounts. SafeMoon protocol will gain value over time thanks to its coin-burning strategy, making it a deflationary digital currency.
SafeMoon V2 Migration
On December 13, 2021, SafeMoon announced its migration from Version 1 to Version 2 – a move intended to ease SafeMoon (SFM) transactions and improve the project’s features. Also, the V2 upgrade consolidated SafeMoon’s token to a 1000:1 ratio, and it moved to a new contract address. This migration reduced the token’s circulating supply without tampering with the user’s overall balances. The primary variable affected by the SafeMoon V2 upgrade includes the token’s value, transaction fees, and earnings.
How to Migrate to SafeMoon V2
Here’s how to migrate your SAFEMOON tokens from v1 to the V2 platform:
- From SafeMoon Wallet: Consolidation in the wallet requires the most recent software update on your smartphone, so make sure you do that first before proceeding. Clicking on the ‘consolidate’ tab and following the on-screen directions until ‘completed’ will bring up the next steps.
- Non-SafeMoon Wallet Users: To migrate your v1 tokens, you need to visit swap.safemoon.net and link your wallet. You can connect BSC or Ethereum wallets like MetaMask, TrustWallet, SafeMoon Wallet, MathWallet, WalletConnect, and Binance Chain Wallet.
To begin, you must first tap on the button that indicates “Consolidate to V2 SafeMoon!” and follow the prompts provided.
- Tokens on Exchanges: For SFM tokens held on exchanges, users do not have to manually initiate the migration from v1 to V2. The respective crypto exchanges can handle the consolidation process themselves, and you will receive email notifications when completed.
- Token on Hard Wallet: To consolidate your SFM tokens on cold or hard wallets, you must use your private keys to import the wallet into your SafeMoon Wallet app, then follow the first step above.
SafeMoon coin V2 Features
Token Consolidation
The SafeMoon V2 upgrade introduced the consolidation of SafeMoon tokens (1000:1). In other words, 10000 SAFEMOON at $1000 on v1 now becomes 10 SFM at $1000 on V2, thereby raising the token’s value. The number of tokens owned by a holder changes, but their actual worth remains the same. Simply said, your money does not reduce or increase; only the token you own changes.
Improved Accessibility and Security
Whenever a SafeMoon transaction is initiated, a fee of 10% is charged, of which 5% is distributed among holders in a process known as reflection. The remaining 5% is allocated to liquidity pools that offer SFM on DEXs. Certain exchanges lacked the structure to allow holders to earn a share of the reflection. However, SafeMoon V2 hopes to solve that problem by making it easy for SafeMoon holders to receive their reflection share.
SafeMoon Price History
SafeMoon launched on 8 March 2021 with an initial price of $0.000000001; traders started to get interested, and the price soon reached $0.00000158 on 3 April. By April 20, the value of SAFEMOON had surged to $0.00001399, a 785% increase in value. To put things even more starkly, if you had bought into SafeMoon when it was launched, then you would have seen the value of your investment shoot up by a stratospheric 1,398,900%.
If you had bought a dollar’s worth of SafeMoon coins when it launched and sold at its peak on 20 April – just over a month after it became available – you’d have ended up a millionaire, even after your SafeMoon sales tax had been taken.
The mega-boom was short-lived, however. By the end of April 2021, the token had lost 61% of its market value. Since then, the price has gradually declined and closed at $0.00000207 on 23 August, according to CoinMarketCap. Between September and October, SAFEMOON traded between $0.000001075 and $0.00000654, giving room for some gains. SafeMoon opened trading in November at $0.000005272 but soon went bearish and closed out the month at $0.000003079.
December 2021 was a defining month for SafeMoon as the development team launched SafeMoon V2, and the value of the coin was consolidated on a 1000:1 ratio. From the earliest data available, SFM opened trading at $0.001639 on December 16 and ended the month at $0.002558 – a 56% price increase attributable to the positivity surrounding the V2 migration.
SafeMoon V2 gained some momentum at the start of January 2022 and soared to $0.004798. The SafeMoon token value declined steadily afterward, and by the end of February 2022, it had lost 77.9% of its market value.
Perhaps the most exciting comparison to SafeMoon is Dogecoin, another cryptocurrency whose market rates seem to be influenced by online enthusiasm more than anything else. Dogecoin price stayed at minimal levels before reaching around half a dollar recently. While SafeMoon is nowhere near that level, it is another meme-style coin that could potentially experience a massive upshot.
SafeMoon Current Market Status
SafeMoon V2 (SFM) started at $0.001192 on March 1, and currently, its market price is $0.001263. The token’s price had gained over 2% in 24 hours, while its 24-hr trading volume had increased by 26%. In addition, the self-reported market capitalization and circulating supply of SFM are $730,286,137 and 575.00B SFM, respectively.
SafeMoon Developments 2022
In February 2022, an emerging utility coin, EverGrow Coin (EGC), announced its partnership with the developers of SafeMoon. The baseline of this partnership is to make EGC swaps available on the native SafeMoon crypto wallet. Consequently, the availability of EGC will make the SafeMoon wallet more useful to speculators and potential investors.
On a much bigger scene, the EGC partnership could be a significant game-changer for SafeMoon, as the former is gaining massive traction in the crypto space. Purchasing EGC via the SafeMoon wallet could potentially spur the market price of SFM to newer heights.
Having detailed SafeMoon’s journey, let’s get into the price predictions.
SafeMoon Price Prediction 2022
SafeMoon V2 has experienced some downsides lately, and most investors perceive the asset as a meme coin. However, the recent innovation in the community coupled with surging mainstream popularization through endorsements and the growth of SafeMoon Swap could potentially make it a reliable coin. The road ahead is full of petals provided investor confidence is revived, resulting in a significant push in the coin price, taking it across all barriers to reach the max price of $0.01821. However, positive price movements for SAFEMOON V2 could follow the trend of mainstream cryptos like BTC and ETH.
| Year | Minimum Price | Average Price | Maximum Price |
| 2022 | $0.00104 | $0.00582 | $0.01821 |
| 2023 | $0.01901 | $0.02506 | $0.03920 |
| 2024 | $0.03820 | $0.04916 | $0.05190 |
| 2025 | $0.05200 | $0.06402 | $0.12541 |
| 2026 | $0.13220 | $0.02803 | $0.39211 |
| 2027 | $0.38121 | $0.49311 | $0.53480 |
| 2028 | $0.49412 | $0.55022 | $0.78326 |
| 2029 | $0.72231 | $0.69281 | $0.91281 |
| 2030 | $0.94731 | $1.01332 | $1.18005 |
SafeMoon Price Prediction 2023
SafeMoon has established a fast, reliable network and works with the product’s user experience. The SafeMoon Protocol is community-driven, and the user experience is fantastic. Its features can help the token gain momentum beyond the minimum price of $0.01901 to reach the max price of $0.03920. Also, the average price of SafeMoon V2 is expected to be around $0.02506.
SafeMoon Price Prediction 2024
SafeMoon offers massive prospects, especially considering the network’s prospective technological announcements and significant security and scalability features. There are assumptions its price may reach the maximum price of $0.05190 with the average price at $0.04916, making buyers/sellers harvest the gains.
SafeMoon Price Prediction 2025 and beyond
Provided that SafeMoon’s massive upgrades and development are completed, a significant surge in the price could be imminent. SafeMoon V2 could easily reach a maximum market price of $0.12541. Its minimum and average price for 2025 are $0.05200 and $0.06402, respectively.
By 2026, SafeMoon’s maximum price of $0.39211 is expected, provided the coin continues on its bullish run. A trading range of $0.38121 – $0.53480 is anticipated for 2027, and by 2030, SAFEMOON could reach newer heights by crossing the $1 mark.
SafeMoon Price Forecast by Industry Experts
Without a doubt, the crypto market remains volatile and unpredictable. However, leveraging the opinion of industry experts could help understand the fundamentals of a project and make informed choices. We have outlined some expert views on SafeMoon.
According to PricePrediction.net, the maximum SafeMoon price for 2022 is $0.002, and in 2023, positive price momentum is expected to continue. The maximum price for 2023 is $0.003, and its minimum predicted price is $0.002.
By 2025, SafeMoon could approach a maximum price of $0.006. The average SafeMoon price by 2030 is $0.045, and its maximum price is $0.054.
According to DigitalCoinPrice, the minimum SafeMoon V2 (SFM) price prediction for 2022 is $0.00153, and its maximum price is expected to reach $0.00175. By 2023, a price increase of 14.28% is expected. In the future, DigitalCoinPrice expects a bullish run, with the token predicted to soar up to $0.00664 by 2030, as seen on the SafeMoon price chart below.
Watcher.Guru, a crypto coverage handle on Twitter, predicts a new ATH for SAFEMOON in 2022. This is some news for potential investors to look out for.
The expert opinions are positive about SafeMoon V2. However, they remain speculations, as it is impossible to predict the prices of cryptocurrencies with total certainty. Thus, they are not intended to be used as investment advice.
How to buy SafeMoon
Although SafeMoon crypto is available only on some exchanges due to its relatively new cryptocurrency, the SafeMoon website suggests the following method. It seems convoluted, but it will work if you are patient. Remember: some transactions can take a while, depending on how busy the network is.
- Purchase a Binance Coin (BNB) and then exchange it for SafeMoon.
- Create a Safewallet Account, download the app. Available for iOS and Android,
- Transfer BNB to Trust Wallet From Binance.
- Click More button on Trust Wallet to Swap to Smart Chain
- Open Trust Wallet, click on dApps, find and click on PanCakeSwap
- After opening PanCakeSwap “Click on Connect” on the top right corner.
- Go to CoinMarketCap and copy the address of SafeMoon
- Paste the address and choose SafeMoon. select the amount you want to swap & Swap.
Conclusion
SafeMoon is yet another crypto project with massive potential for the future. The rollout of its SafeMoon Swap and Version 2 upgrade has continued to drive its adoption and solidify investors’ confidence. If the future developments from the SafeMoon team continue to improve the scalability and security of the ecosystem, SafeMoon V2 (SFM) could experience massive price surges.
However, gains are not guaranteed for investors, as with mainstream cryptocurrencies. It is best to do your own research and consult financial investors before getting on the SafeMoon V2 train.
FAQs about SafeMoon V2
What is SafeMoon V2 coin?
SafeMoon V2 is a cryptocurrency that launched in March 2021 as SAFEMOON and attracted attention after its price skyrocketed in April. It was designed to reward long-term holders and charges sellers a 10% fee, with part of that fee going back to existing holders.
Is SafeMoon a good investment?
SAFEMOON V2 is predicted to continue its expansion in the future. Based on our SafeMoon price predictions, the coin could be a good investment. However, always conduct your research before investing, as predictions are just speculations, not reality.
Is SafeMoon safe to buy?
SafeMoon is a big gamble, so take that into account when deciding how much you’ll buy. It’s good to purchase a bit if you like the concept or want very high-risk crypto in your portfolio. Make sure you only put in money you can afford to lose.
Will SafeMoon V2 price rise to $1?
SafeMoon can reach $1 in the future and become more successful. If you want to buy some and wait until the magic dollar mark comes, you may be waiting for some time. The process is the same for most cryptocurrencies. One should be prepared to deal with some losses in the coin’s value and gains and practice patience.
What is the safest cryptocurrency for investment?
Bitcoin is the most established cryptocurrency, and it’s safer than most altcoin investments. However, altcoins often provide higher returns during a bull market, making them attractive investments for risk-tolerant individuals.
Is SafeMoon legit?
Based on a mathematical and scientific blockchain algorithm, it is doubtful that SafeMoon will get hacked. When you trade using a SafeMoon account, you own the keys of your wallet, and hence, safety becomes manageable.
Can I make money with SafeMoon?
With a massive market cap, SafeMoon speaks for itself. However, you need to constantly track the price of SafeMoon and do your due diligence of the price forecast for profit. A piece of sound investment advice is to buy at the minimum price and watch out for current price predictions and future costs of SafeMoon constantly. Analyze your risk/benefit ratio to control your portfolio transactions and trade with confidence in crypto tokens to avoid any unnecessary price drop.
Where to buy SafeMoon SFM?
SafeMoon SFM is available only on some exchanges because it is a relatively new token. Some of these exchanges include LBank (SFM/USDT), BitMart (SFM/USDT), PancakeSwap (V2) (SFM/USDT).
Why do people trust SafeMoon?
SafeMoon happens to be one of the most transparent and decentralized assets with a secure wallet. No wonder its advantages override its limitations. That is why investors tend to buy SafeMoon with confidence and track future SafeMoon price predictions.
Why should I use SafeMoon over Bitcoin and Ethereum?
Compared to Ethereum, SafeMoon’s deflationary mechanism continues to help the coin appreciate.
Source: https://www.cryptopolitan.com/safemoon-price-prediction/