Disclaimer: The datasets shared in the following article are collected from various online sources and do not reflect AMBCrypto’s research.
The price of Safemoon (SFM) has primarily followed the general trend in the crypto sector since FTX broke down in early November. Its price dropped to $0.000000000503 on the chart, marking a drop of 11% in one week.
Read the price forecast for SafeMoon [SFM] for 2023-24
The safe moon is a highly developed coin marketed as a long-term investment. To do so, it will increase transaction fees by 10%, with coin holders receiving 50% of the funds. Safe moon has had a challenging year, with the company accused of using celebrity endorsements to manipulate its price, leading some investors to file lawsuits against it. Its current market capitalization is $2 million.
The future of Safemoon is still being determined due to price trends in the cryptocurrency market. Analysts advise caution when buying this currency.
Some platforms like Telegaon predict the SFM price to reach a peak price of $0.0025 in 2022 and an average price of $0.0015. However, SafeMoon may reach the lowest price level of $0.00089 in 2022 if there is a price rally. In 2022, a bullish movement was expected that could send SFM Coin to the moon.
So, why are these estimates critical?
Since its inception, SafeMoon has exceeded the ROI of many leading meme coin projects, with most running for a year. As one of the most popular pages of CoinMarketCap, SafeMoon is visited more than Bitcoin and Ethereum. SafeMoon received a breakout response, or about one million searches, according to Google’s trend filter statistics.
In 2021, SFM paid its investors well. Due to the volatility of the crypto market, it is impossible to predict the future price of SafeMoon or any other cryptocurrency. However, since SafeMoon moved to V2 in December 2021, SFM Coin will do well in the future. This coin is fully promoted by the SafeMoon army, which works around the clock without borders.
This article will review SafeMoon’s recent market activity, considering its size and volume. The same is extended with the support of data sets like non-zero addresses, whale transaction numbers, etc. Notable forecasts and platform forecasts are summarized at the end, along with a look at the Fear and Greed Index to gauge market sentiment.
SafeMoon price, quantity, and everything in between
SafeMoon will launch in March 2021 with a supply of 777 trillion tokens. Its growing popularity and the crypto boom of 2021 proved to be a massive success for the coin as its price hit the ATH around mid-April.
At the end of October, its price continued to hit new highs and maintain previous levels when there was a shortage.
At the time of writing, the token is trading at $0.0002271, according to TradingView.
Source: SFM/USDT, TradingView
The popularity of SafeMoon has made it a large number of users. Launched in March 2021, its market capitalization increased within weeks, reaching $5.75 billion in mid-May. By the end of October 2021, SafeMoon’s market cap was over $3.65 million.
During the 2022 crypto crash, SafeMoon’s market capitalization dropped from $1.4 billion (early January) to over $215 million. At press time, its market value is over $145 million.
They argue that these activities reduce the value of fiat currencies, making SafeMoon a profitable investment for cryptocurrency holders.
Several celebrities, including Backstreet Boys member Nick Carter, rapper Lil’Yachty and YouTuber Logan Paul, have endorsed SafeMoon. The currency is also subject to different processes, however.
