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.
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.
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.
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.
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.
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.
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.