Will Safemoon Hit 1 Cent? Safemoon Prediction

Will Safemoon Hit 1 Cent Safemoon PredictionWill Safemoon Hit 1 Cent? When will SafeMoon be $0.01? Is SafeMoon ever going to be $0.01? When will the price of SafeMoon be 1 cent? It’s almost impossible to get a 100% definite answer but after a technical analysis of Safemoon price prediction, we can predict the future rate that can vary in various stages.

Safemoon Circulating Supply

If you are scrolling to know that, will Safemoon Hit 1 Cent ever? then stay tuned with us for a detailed analysis of Safemoon coin’s future price.

The original supply of Safemoon tokens was one quadrillion but the developers keep on burning tokens, which has left the circulating supply of tokens at 585 trillion.

The idea behind burning tokens is that it will take out supply, which when combined with increasing demand would lead to a higher price.

Safemoon Binance Listing Date is Near!

Factors that affect Safemoon Crypto Price?

What is SafeMoon’s most interesting characteristic? The Safemoon is designed to encourage people to hold their coins rather than buying and selling regularly.

The crypto’s founders have made it clear that anyone who sells a SafeMoon coin will be subject to a 10% sales tax, with 5% redistributed to people who are still maintaining their coins, with the other 5% burned. This gives crypto holders a kind of backward check.

There’s also an additional model in play. One could, apparently, make a bit of money from different people tradingSafeMoon while you were on to it. In assumption, you could make a profit while the overall SafeMoon price went down.

The name Safemoon is a reference to the phrase “to the moon” used on social media by cryptocurrency traders who are bullish about the price of dogecoin.

Safemoon Coin Price Prediction

As you are well aware that Safemoon is a DeFi (decentralized finance) project based on the Binance blockchain. SafeMoon seeks to encourage long-term investment rather than day trading bets.

Therefore, a sale of SafeMoon coin attracts a 10 percent transaction fee. Half of the fee is distributed to the holding community while the other half is reinvested in the project.

In April, Safemoon reached an all-time high of $0.00001399, only to set on a downtrend since. However, even after the decline, the token has returned more than 5,000 percent since its launch.

WalletInvestor has a bullish estimate for Safemoon crypto and sees its price rising to $0.000021 in one year and $0.000090 in five years. This implies a growth of nearly 600 percent and 3,000 percent, respectively.

Safemoon Price Prediction 2021, 2022, 2025, 2030

Will Safemoon Hit 1 Cent?

In contrast, Price Prediction estimated there was potential for the safemoon price to move up to its previous high later in the decade.

It forecasted that the price could average $0.00000251 in 2022, up from $0.00000162 in 2021, and then rise to $0.00000801 in 2025, reaching $0.00005505 by 2030.

Coinpedia predicted that a bullish start to 2022 could see Safemoon trading near $0.0000067, whereas if it ends 2021 on a low, it could start next year trading at $0.000003.

If Safemoon boosts its user community during the year, it could trade up to $0.0000089 by the end of next year, otherwise, it could peak at $0.00000713 by the end of 2022.

In five years’ time, Coinpedia projected the price could range between $0.00000957 at the low end and a peak of $0.0000192.

Safemoon Army Impact – Will Safemoon Hit 1 Cent?

There is strong backing behind the Safemoon. The Safemoon holders call their members Safemoon Army.

Safemoon Army is trying to influence the price of Safemoon crypto. The hashtag #SafeMoonSqueeze was recently trending on Twitter.

Holders are hoping to induce a GameStop or AMC-type squeeze in Safemoon, which would lead its price higher.

In April 2021, Dogecoin fans had also done a similar push to propel its value to $1. They didn’t achieve their target but no doubt they have gained enough profits during that spike.

Plan of Safemoon Developers – Will Safemoon Hit 1 Cent?

On 3 October the developers indicated an updated roadmap for the Safemoon crypto coin. They are planning to release version 2 of the coin, which will have a new total supply of one trillion, and a coin burn that will have 575 billion coins in circulation.

According to the updated Safemoon news posted on 13 October, the new version will have a lower fee to enable the use of Safemoon for commerce, but the 10% fee will still apply to day trades.

The new version of the coin could provide an opportunity for the developers to address the 12 flaws. The blockchain security firm Certik found in its security audit of Safemoon in April.

There was an additional critical risk surrounding the accumulation of liquidity tokens that Certik has since marked as resolved.

The updated Safemoon roadmap also includes card, exchange and blockchain launch scheduled for this year, while the launch of a hard wallet has been delayed to 2022 “to focus on wallet development”.