11/20/2023 0 Comments Safe moon cryptocurrency![]() Following this, the price fell dramatically, leading many to claim that Safemoon was a ‘pump and dump’ scheme designed to make certain investors rich. The Safemoon protocol was hyped hugely by celebrities back in May, causing retail investors to jump on the bandwagon and push price higher. One key point to note about Safemoon crypto is that the developers haven’t really described any real-world use cases yet. Over 400 trillion tokens have been burned so far, with this figure continuing to grow as the months go by. Safemoon initially launched with a circulating supply of one quadrillion tokens (!!!), although the development team burned 223 trillion of these right away. These token burns are designed to increase the scarcity of the token and push the value higher. The additional 5% is split again, with 2.5% being used within the liquidity pools on exchanges such Pancake Swap, with the other portion being converted into BNB. This fee is halved, with 5% of it being given back to other Safemoon holders – the developers call this ‘reflection’. Safemoon offers a unique way of investing in cryptocurrency, as people who hold Safemoon and then sell it are subject to a 10% fee. The difference between the two is that Binance Smart Chain has smart contract functionality, opening up many avenues for decentralised applications (dApps) to be constructed. The token is housed on the Binance Smart Chain (BSC), a blockchain developed by Binance that runs parallel to the traditional Binance Chain (BC). Safemoon is a cryptocurrency token that was launched in March 2021. With that in mind, let’s dive into what SafeMoon is and its price history. Thus, investors must read between the lines to determine whether the crypto is a viable investment or not. ![]() When new cryptocurrencies enter the market, often there isn’t much information about what they do or who their development team are. SafeMoon Price History – the Story of 2021 So Far This could push SafeMoon into the $0.00000600 region by the beginning of 2022.Ħ7% of retail investor accounts lose money when trading CFDs with this provider. Start of 2022 – If the SafeMoon developers make true to their promises, it’ll likely increase the hype surrounding this altcoin.That being said, we estimate that SafeMoon could head towards the $0.00000500 region over the next three months. Three Months – It is still relatively difficult to invest in SafeMoon, so getting the liquidity for higher prices is still an issue.However, if momentum were to pick up, we could see the price head towards the recent resistance level of $0.00000333 over the next month. ![]() One Month – The current SafeMoon price is incredibly low, trading at $0.00000141.With that in mind, let’s take a look at our SafeMoon prediction 2021 for the upcoming months: However, there are some essential pieces of information that we can feed into our analysis to arrive at logical predictions. What is the price of Safemoon right now?Īs SafeMoon is so new to the crypto market, our SafeMoon stock forecast is very speculative.SafeMoon Price Prediction 2025 – Long Term Outlook. ![]() SafeMoon Price History – the Story of 2021 So Far. ![]()
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