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SafeMoon Price Prediction: One Million Wallet Downloads

Safemoon price Decentralized finance (DeFi) firm SafeMoon’s token SFM is down more than 82% year-to-date (YTD), from its open of $0.002558 on Jan. 1 to its most recent close of $0, 0004588.

The long downtrend  not help by the launch of a class action lawsuit in February accusing the company of operating a pump and dump scheme.

The organization alleg  to have used celebrities to lure investors with misleading promotions and statements, including concealing “its control of SafeMoon and a significant percentage of SafeMoon tokens that have been available for public trading, and marketing SafeMoon tokens to investors so they could sell their share of the float at a profit.”

So what are the prospects for SafeMoon? In our SafeMoon Price Prediction, we analyze SafeMoon news and forecasts to help you manage expectations when considering the question “Should I buy SafeMoon?”.

What Is Safemoon (SFM)?

SFM was founded in March 2021 by former US Department of Defense analyst John Karony. It is base on Binance Smart Chain (BSC) (now known as BNB Chain).

Its community-driven protocol relies on four basic functions during each trade: reflection, acquisition of liquidity providers, a burn mechanism, and contribution to the ecosystem growth fund.

A key aspect is the automatic liquidity provider function, which acts as an arbitrage resistance mechanism, locking in SFM volume as a reward for holders.

The project favors the use of smart contracts to automatically capture liquidity used on decentralized exchanges, which is then held regardless of user ownership, as opposed to a traditional farming reward structure.

SafeMoon also offers a wallet with multi-chain storage, fiat on-ramp integration, a contact list, and a reflex tracker.

SFM (previously known as SAFEMOON) is a BEP-20 compliant token launched on BSC, a blockchain platform that uses a Proof-of-Stake Authority (PoSA) model as a consensus device.

What Makes Safemoon Exclusive

What makes SafeMoon exclusive is the 10% fee for each transaction on their platform, with 5% of this fee shared between existing MFS holders. This is a “reflective feature” and could deter investors from selling their SFM tokens.

SafeMoon’s goal is to prevent large price drops produced by whales vending their tokens. A whale is a term used to label people who own many coins of a specific cryptocurrency.

The other 5% of the deal fee goes to liquidity pools on PancakeSwap, and 2.5% of the 5% is converted to Binance Coin (BNB) to ensure the liquidity of the SafeMoon token. The project claims that its automatic liquidity breadwinner device creates stability through the provided liquidity provider by adding a tax to the overall liquidness of the token.

How does SafeMoon (SFM) work? Well, in its white paper, the project states that the conditions for burning SFM manually, as well as the quantities, can be tracked, allowing transparency in identifying the current circulating supply at any give time.

Sfm Price Analysis – Technical View

In December 2021, the project released a new version of SafeMoon known as SafeMoon V2 and has since migrated to a new indenture address on CoinMarketCap. The new version of the SafeMoon cryptocurrency became known as SFM.

SFM began its journey on December 16, 2021 at $0.0017. After a sideways price movement, the uptrend started in late December when the coin rose from 0.00165 on December 30, 2021 to 0.0029 a day later.

Safemoon Cryptocurrency Price Prediction: Buy, Sell Or Hold?

What about the predictions for the SafeMoons token in 2022, 2025 or 2030?

Referring to a crypto price prediction from SafeMoons, algorithm-based forecasting service Wallet Investor called it a bad long-term (one-year) investment on July 19. Founded on past data, Wallet Investor’s SFM price forecast fell to $0.0000184 in July 2023 before losing virtually all of its value later in the year.

However, DigitalCoinPrice supported a bullish forecast from SafeMoons. His SFM coin price prediction predictable the value to increase to $0.000603 in 2022, $0.000685 in 2023, $0.000689 in 2024, $0.000918 in 2025 and $0.00143 in 2025 would rise in 2028.

Price Forecast was even more bullish in its Safemoons coin forecast. He predicted an average price of $0.00061181 for 2022, rising to $0.002 in 2025. His prediction for 2030 put the price at $0.011.

Please note that these SFM predictions may be incorrect. A SafeMoon forecast should not be used as a substitute for your own research to derive actual value from SafeMoon. Always do your own due diligence before capitalising. And never invest or trade with money you can’t afford to lose.

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