Image source: TradingView on CoinMarketCapīased on technical analysis, the token may rally within the trendlines further downward until a major event or news is released from the developers. A similar consolidation setup occurs in March, but the sentiment is generally downward. After consolidating between late January and early February, it eventually crashed further. The trendlines in the chart below show that Safemoon has maintained a downward trajectory for the most part of the year. However, several factors, including the project’s future development, mass crypto adoption, and the towering effect of the global financial market, can give us a direction the token could take before the year wraps up. Giving an accurate Safemoon price prediction is difficult. Notwithstanding, it still has a fairly decent market cap of $567 million and a 24-hour trading volume of $4.6 million. After its all-time high of $0.003145 on January 4th, 2022, $SFM lost momentum and followed a downward trend, losing 317% of its value. As of press time, the price of Safemoon V2, $SFM, is $0.0009894. How much is Safemoon worth remains an evergreen question among enthusiasts. Nonetheless, this Safemoon price prediction is centered on $SFM and what the future holds for it. Although the Safemoon team migrated its contract address on CoinMarketCap to Safemoon V2, both tokens still exist. $SFM started trading on December 16th, 2021 at a price of $0.0017, as opposed to $SAFEMOON, which continued trading at $0.0000017. Existing holders were allowed to convert their $SAFEMOON tokens to $SFM at a consolidated ratio of 1000:1. In December 2021, the team behind the project announced an upgrade and a launch of Safemoon V2 ($SFM), with a total supply of 1 trillion tokens. Well, it touched the moon, and gravity happened, crashing to $0.00000421 within 48 hours. Within its first 40 days of launch, $SAFEMOON hit an all-time high of $0.00001399, equivalent to 13,990% ROI for early buyers.įor perspective, an investment of $100 on the launch date would yield a return of $1.39 million as of April 20, 2021. It was built on the Binance Smart Chain (BSC) network and launched on March 10th, 2021, with 777 trillion tokens at a unit price of $0.0000000010.Ĭoincidental with its name and slogan, “safely to the moon,” Safemoon’s initial goal was to “moon” and generate huge and early returns on investments (ROI) for investors. Safemoon is a decentralized finance (DeFi) token created by a former US Department of Defence analyst, John Karony. Safemoon 1 cent prediction: Will Safemoon reach 1 cent?.
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