#Safe moon price predictions update
On December 12 a new V2 update was rolled out, but in the beginning, it didn’t have a big effect on the price. On December 6 the asset fell to $0.0000016, which was the lowest level since April. Till the end of October, the gains were not significant, but in the last days of the month, the price skyrocketed again, reaching $0.0000062 on the 29th.įrom there the coin went to a downtrend that lasted till the beginning of December. But the technical difficulties at the end of the month didn’t help the asset and its price collapsed from $0.0000035 to $0.0000025 in one day and continued to fall.Īt the beginning of September, the SAFEMOON token was traded for $0.0000014, but as the market started a new bull rally, the asset also went up. Safemoon token price reached $0.0000016 on August 16 and from this point started to slowly climb up, as the crypto market turned bullish again. After a fast recovery to $0.0000048, the asset continued in the downtrend, steadily losing its value along with most of the assets of the crypto market. Even though it couldn’t reach its highest level again, it was traded between $0.00000832 and $0.00000982 till May 18.Īt that time the overall crypto market experienced a flip to the downtrend and SAFEMOON crypto also went bearish, losing more than 50% of its price and going down to $0.00000396 on May 23. In the first half of May, the Safemoon coin was still performing impressively. For those who invested in the coin at the initial stage, the gains overreached a million percent.īut this price level couldn’t be sustained for a long time and just in 2 days, the price went for a massive market correction, being pulled off to $0.0000038, which still was high, compared to just one month before. But that was just the beginning and on April 20 SAFEMOON's price hit the all-time high of $0.0000118, showing 375% value growth in just 2 days. In the next 3 days, the price more than doubled, skyrocketing to $0.0000029.
The price stayed around the same level for the following weeks, then went down 50%, and on April 16 was traded for $0.000001. It caused the price to reach $0.0000015 in less than a month, increasing the overall excitement around the new token. Thanks to the team’s marketing efforts the project soon gained lots of attention from the crypto enthusiasts. Safemoon has been launched a year ago, on Mawith an initial price of $0.000000001.
There are also multiple celebrity endorsements - such as Diplo’s - to take into consideration. On the other hand, the dev team burned their tokens to ensure a fair launch, and overall they seem accessible and eager to answer any question to alleviate the doubts.
#Safe moon price predictions manual
Those doubts were fueled further by the announcement that the team is going to execute manual burns instead of algorithmically defined ones – many feel that this gives the team too much control. This unusual mechanic raised some concerns about the possibility of Safemoon being a scam. As stated by the founders, this commission works both as a penalty for speculators, rewarding long-term holders, and as a way to ensure liquidity and provide static rewards for those holders. Half of this commission is distributed between all the holders, and the other half is partly locked into a smart contract and partly put into a liquidity pool.
There is a fee paid by the token holders out of every trade - a 10% commission. Safemoon doesn’t have any unique use cases, i.e, it’s simply a cryptocurrency, but it does have some interesting features. It launched in March 2021 and quickly became one of the most hyped meme coins. Safemoon is a token circulating on Safemoon protocol – a DeFi project designed to help democratize yield farming.
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