Currently, we’re living in a pandemic and everyone is trying their luck in Cryptocurrency to earn a bit from their investment. Cryptocurrency has become a more viable asset in recent times. But for most the people, Crypto market is all about Bitcoin, Ethereum, and Dogecoin. But there is a number of cryptocurrencies with good earning potential. Today we’re going to look at a recent addition to the crypto world, Safemoon. Below you’ll get to know the purpose of this coin, its current market position, and Safemoon Price Prediction at the end.
What is Safemoon?
Safemoon is basically a decentralized finance token. It is a community-driven effort and the developers have burned all of their tokens to participate as equals as others in a trade. If the official website has to be believed, there are three simple functions executed in a trade, reflection, LP acquisition, and Burn.
Safemoon is planning to develop an NFT (Non-fungible Tokens) exchange along with charity projects and crypto knowledge applications. These plans will certainly play a great role in Safemoon Price Prediction and even its current market situation.
Current Market Position
Safemoon has witnessed a mixed market trend in its short market history. The token that was on March 8, 2021, has shown many highs and lows and is currently trading at $0.0000040 with a 24 hr positive fluctuation of 4.22%. On May 8, Safemoon touched its all-time high of $0.0000092.
Safemoon Price Prediction
- Digitalcoinprice says that Safemoon will end 2021 with a figure of $0.0000060 and by the time of Dec 2025, the said coin will trade at $0.000012.
- WalletInvestor predicts that if the current trend has to be believed, Safemoon has a long-term earning potential of 976%. It means within 5 years, 1 Safemoon token will be valued at $0.00019
- GOV Capital states that according to its analysis, Safemoon can trade around $0.00025 by the end of 2025.
All of the above predictions are very positive as far as Safemoon’s growth is concerned but the respective analyses don’t suggest that Safemoon would cross $1 anytime soon.
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