Connect with us

Learn

Is SafeMoon a Good Investment?

Published

on

Safemoon Good Investment COVER

The rise of SafeMoon can already be considered one of the most significant events to take place in the crypto ecosystem in 2021. SafeMoon arrived suddenly out of nowhere and managed to rapidly gain massive popularity among the members of the blockchain community.

Many crypto enthusiasts who have become disillusioned with other projects have turned to SafeMoon instead, believing that it’s a much more fair and community-oriented project compared to the competition. But is SafeMoon really a good investment?

What Is SafeMoon?

The SafeMoon protocol (SAFEMOON) is next-generation decentralized finance (DeFi) digital asset designed to combine enhanced profitability with reasonable tokenomics. Because of that, SafeMoon is a token that’s very familiar and welcoming even to people with little to no previous blockchain experience.

One of the core principles of the SafeMoon protocol is providing the maximum of profitability to all token holders. The rewards are distributed proportionally to the number of coins held in the user’s wallet, and some investors can even earn up to 80% APY (Annual Percentage Yield).

Another important aspect of the SafeMoon token is the continuous token burning mechanism. Since a number of SAFEMOON tokens gets burned with every transaction, SafeMoon is a good investment according to many analysts and experts.

In the future, SafeMoon plans to evolve into an entire ecosystem of DeFi solutions, which will include an NFT (Non-Fungible Token) exchange, a DEX similar to Uniswap or PancakeSwap, and a number of educational dApps (decentralized apps) intended to introduce SafeMoon to the general public and spread the global adoption of SafeMoon. In order to do that, the SafeMoon community also plans to contribute to various charities.

How Does SafeMoon Token Work?

The main mechanism of the SafeMoon protocol is rather simple to understand. During each transaction, the SAFEMOON token fulfills three different functions: Reflection, LP Acquisition and Burn. These functions are used to guarantee that each SAFEMOON transaction will generate profit, increase the liquidity of the network, and burn some tokens in order to assure that the SafeMoon ecosystem as a whole remains deflationary.

The SafeMoon protocol utilizes static rewards as well. The goal of static rewards is to make the reward amount proportional to the volume of SAFEMOON being traded, in order to create a reliable and sound economy, designed with organic growth in mind.

Furthermore, the static rewards along with Automatic LPs are used as some of the mechanisms intended to incentivize loyal investors to keep their tokens for longer, instead of using them for short-term speculation. Because of that, SafeMoon is a good investment as it employs many tools that can nivelate price volatility, and reward long-term investors.

When combined together, all of the features of the SafeMoon protocol serve to fulfill a single, very important purpose: building a DeFi ecosystem that is very profitable, but unlike many other projects is also very welcoming and inclusive to blockchain beginners, and able to achieve worldwide adoption and massive popularity.

SafeMoon Tokenomics and Price History

safemoon-chart

The SafeMoon token has a total supply of 1,000,000,000,000,000 SAFEMOON. However, 223,000,000,000,000 tokens from the dev wallet were already burned early on, so at the moment of launch, the max supply of SafeMoon was only 777,000,000,000,000 SAFEMOON. Currently, the circulating supply of the SafeMoon token is 585,536,366,402,812 SAFEMOON.

The SafeMoon protocol is a relatively new project and was launched in March 2021. However, even in this short period of time the price of SAFEMOON has managed to appreciate considerably and has reached its current all-time high of $0.00001399 on April 20th, 2021.

One of the things which made the SafeMoon token so popular is its high supply. Because of it, the price of 1 SAFEMOON is very low, which means that blockchain investors can easily purchase hundreds or even thousands of SAFEMOON tokens in an extremely affordable way.

Even if the price of the SafeMoon token would only grow to $0.01, this would already mean that many people would gain a chance to achieve a life-changing fortune, which is why so many investors are enthusiastic about the SafeMoon protocol and consider it to be a great investment.

SafeMoon Price Predictions Made by the Crypto Community

It seems that with SafeMoon, the sky’s the limit – while almost everyone is absolutely convinced that the SAFEMOON price will continue to grow rapidly, the specific estimates vary greatly between people.

However, there is one price target that’s more popular than others: $0.00005. This particular SafeMoon price prediction has been shared by many respected SafeMoon investors, for example by SafeMoon B:

Another well-respected member of the SafeMoon community who has published a $0.00005 SafeMoon price forecast for 2021 is the Twitter user going by the name of SafeMoon Barrister. However, he makes it clear that his prediction is based only on intuition:

Some Twitter users are convinced that these predictions are far too bearish and that the SafeMoon price can grow much more. For example, the user Amsterdam believes that the SafeMoon token can reach $0.001 by the end of the year.

Interestingly, the SafeMoon price prediction mentioned above seems to be one of the most popular ones among members of the crypto community on Twitter. According to a survey created by the user Reyoheight, over 42% of the respondents picked the $0.001 SafeMoon price target as their SafeMoon forecast for 2021.

SafeMoon Price Forecast According to the Experts

The technical analysts on Youtube seem to be slightly less bullish than the members of the crypto community on Twitter. While the most popular SafeMoon price prediction on Twitter seems to be $0.001, researchers on Youtube rather point to the $0.0001 price target for SafeMoon – almost 10x less!

One of the researchers who says that his SafeMoon price prediction for 2021 is $0.0001 is AJ FIVE. While he agrees that SafeMoon is a good investment and a project built on strong technical fundamentals, he doesn’t think that the SafeMoon token will be able to reach $0.001 by the end of the year.

Another analyst who gives the same SafeMoon price forecast is the owner of the popular channel Trading With Liam. Although he considers SafeMoon to be one of the tokens with the most potential, he hesitates to give a higher SafeMoon price prediction than $0.0001.

Will SafeMoon Ever Hit $1?

Many experts prefer to focus on short-term SafeMoon price predictions, since the SafeMoon protocol is a project that expands and evolves at a rapid pace. While it’s possible that SafeMoon will trade for $1 one day, it’s very unlikely that it will happen in 2021, and it may take years until that price target is reached.

Where to Buy the SafeMoon Token?

Unfortunately, SafeMoon is still not available on major centralized exchanges such as Binance or Coinbase. Currently, the best way to buy SafeMoon is on the decentralized exchange PancakeSwap. However, in the future, more exchanges are expected to introduce SafeMoon support.

Is SafeMoon a Good Investment?

All things considered, SafeMoon definitely seems like a good investment. It’s a unique DeFi project built on a groundbreaking premise and strong technologic fundamentals. But what’s even more important, it’s still massively undervalued, so the investors still have a chance to buy SafeMoon tokens at a very affordable price.

cryptotelegram-telegram-banner

Trending