If you are confused about the SafeMoon future and not sure if you should invest or not then worry not, we got you covered. SafeMoon is a form of cryptocurrency, a concept that has exploded in popularity in recent years. Cryptocurrency is a digital currency used to purchase products and services, but an online ledger and strict cryptography secure it.
Most businesses have issued their cryptocurrencies, known as tokens, which can be exchanged for the goods or services provided by the business – equivalent to arcade tokens or casino poker chips. If you want to use the products or services, you’ll need to trade real money for cryptocurrencies.
What exactly is SafeMoon?
SafeMoon is still a largely obscure cryptocurrency, and little is known about it. But, according to the website, it’s not a blockchain but just a DeFi coin. The term DeFi refers to a decentralized finance token. They’re complicated, but their main goal is to undermine the existing financial system by allowing users to invest and lend in peer-to-peer networks without the need for a bank. SafeMoon, like Bitcoin, makes use of blockchain technologies.
According to the newest currency on the market, people who purchase and keep the digital tokens will be rewarded, while anyone who sells them will be penalized. SafeMoon charges buyers a premium equal to 10% of the value of the cryptocurrency they’re seeking to offer. Following that, buyers who hang on to the currency are compensated by having 5% of the profits from penalty payments on sellers re-distributed.
Is SafeMoon better than other cryptocurrencies?
While SafeMoon is still relatively unknown, the uncertainty and unpredictability of cryptocurrencies and tokens could propel it to becoming the next Dogecoin. Dogecoin has emerged from relative anonymity to become a cryptocurrency that pays its holders handsomely. Dogecoin’s price soared by 91 percent in just 24 hours after Elon Musk tweeted about the cryptocurrency, representing a 20,000 percent surge from the same period last year. Even though Dogecoin is not listed on any crypto trading sites, the cryptocurrency has risen 364 percent in the last month and is close to 20p per device.
Safemoon Price Chart currently has USD 76,134,842 value in 24-hour trading volume. MXC.COM, Gate.io, WhiteBIT, BitMart, and PancakeSwap are currently the top exchanges for trading SafeMoon. Others are listed on our cryptocurrency exchanges website.
SafeMoon market forecast- how much will the coin rise?
According to Digitalcoin, the SafeMoon price is expected to rise in the coming years, though its value could remain a fraction of a cent. According to the site’s projection, the price would average $0.00000609 this year, increasing to $0.00000733 in 2022 and $0.00001240 by 2025, but this will be lower than the recent price increase. According to the projection, the price could reach a new high of $0.00001803 by 2028.
SafeMoon’s price estimate, according to Wallet Investor, is $0.000015 by the end of 2021, $0.000032 by the end of 2022, and $0.000082 by the end of 2025, up from $0.000004 at the start of May.
A staggering 1 quadrillion SafeMoon tokens have been developed. At the time of sale, 777 trillion tokens were issued, with the remaining 223 trillion kept in the developer wallet. If you are considering choosing it, it is worth it!