Wondering if Safechaintoken will keep going up? Or if Safechaintoken is a good investment? Keep calm and read on — we’ll answer all your questions right here.
Up 227.30% in 7 days and 1,190.43% in 30 days, Safechaintoken (SCT) is one of the top earners of late 2021 and has caught the attention of many retail investors, despite its relatively short existence. But should you invest in such a young and little-known coin? Let’s see how it stacks up.
At the time of writing, Safechaintoken trades at $0.02132 and has a (unconfirmed) market cap of approximately $3,139,844, making it the 3859th-largest cryptocurrency. Normally, a low-cap crypto would not get investors too excited, but Safechaintoken’s 1,066.68% ROI (return on investment) has gotten many investors enraptured.
According to recent long-term forecasts, the price of Safechaintoken could reach $0.08411 by the end of 2022, rising to $0.30276 by the end of 2023 and $0.132 by the end of 2025. Safechaintoken will then rise to $0.18 in 2027, and $0.83 in 2030.
After reaching its current all-time high (ATH) of $0.05958 on the 7th of November 2021, investors are now asking what’s next for the price of Safechaintoken? Will it maintain its newly found highs or was it all just a fad?
- What Is Safechaintoken And How Does It work?
- Short-term Safechaintoken Price Predictions: 2022
- Long-term Safechaintoken Price Predictions: 2023-2027
- Trading Education Safechaintoken Price Predictions
- Conclusion: Safechaintoken Price Prediction Forecast
- How Has The Price Of Safechaintoken Changed Over Time?
- What Factors Affect The Price Of Safechaintoken?
- Key Points
- How To Buy Cryptocurrencies With eToro?
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What Is Safechaintoken And How Does It work?
Safechaintoken (SCT) is the token of the soon-to-be-launched ‘Safechainswap’, a DEX (decentralised exchange) that allows users to trade, farm, stake, and provide liquidity with different tokens without involving a third party. Safechaintoken is based on the Binance Smart Chain — Binance Coin’s (BNB) parallel chain for smart contracts, dApps, and DeFi protocols — and is a BEP-20 token (similar to Ethereum’s (ETH) ERC-20 token standard). Safechaintoken also plans to create a marketplace for NFTs.
SCT is a ‘deflationary cryptocurrency’, which means they plan to continuously decrease the token supply over time. At the time of writing, Safechaintoken has a circulating supply of 147,000,000 SCT (though this figure is not 100% confirmed yet) out of a total supply of 250,000,000 SCT. Every month they plan to decrease the supply by ‘burning’ (destroying) 5 million tokens until only 195 million are left.
Safechaintoken is a very young coin, first introduced on the 23rd of October via a token sale where 12.5 million SCT were sold and $10,000 was raised, according to Crypto Adventure. Safechaintoken was soon available via PancakeSwap and CoinMarketCap began tracking its price from the 25th of October 2021.
Short-term Safechaintoken Price Predictions: 2022
Safechaintoken Price Predictions For 2022
For our first short-term 2022 Safechaintoken price prediction, we’ll turn to DigitalCoin which seems to suggest that Safechaintoken will have a very good 2022 as we can see from the graph below.
While they don’t expect a smooth ride ahead, the prices they have are at points twice as high as what Safechaintoken trades at right now and they seem to doubt that it could trade any lower than $0.035 in 2022.
Here’s what DigitalCoin has predicted for Safechaintoken in 2022:
- May: $0.0449849824
- June: $0.0427512696
- July: $0.0418020175
- August: $0.0353536720
- September: $0.0386209014
- October: $0.0393630590
- November: $0.0363187867
- December: $0.0454742530
At the very highest, DigitalCoin has predicted that Safechaintoken could reach $0.0454742530 by the end of 2022. While this is a welcome prediction, it also means that SCT will be unlikely to retest its ATH of $0.05958 in 2022. Also worth noting is that DigitalCoin expects Safechaintoken to start 2022 at $0.0453235341 — not too far off its end of year maximum. DigitalCoin has calculated that SCT will not reach a price lower than $0.0353536720 in August 2022, telling us that its 2022 lows will be much higher than in 2021 and it will likely not sink to $0.02 or lower.
For our next 2022 Safechaintoken price prediction, we’ll turn to price forecaster Price Prediction whose price forecast is not too far off that of DigitalCoin’s.
Here’s what Price Prediction has forecasted for Safechaintoken in 2022:
|Month||Minimum Price||Average Price||Maximum Price|
The lows Price Prediction has estimated are lower than what DigitalCoin has predicted, suggesting that SCT could still hit prices of $0.02 in 2022, and the maximum prices are not as high, though Price Prediction does agree with DigitalCoin that $0.04 could be hit — but only by the end of the year. Price Prediction also does not believe that SCT will hit a new ATH in 2022 either.
Despite the above, this is a positive price prediction for 2022 as it shows Safechaintoken appreciating throughout the year with the minimum, average, and maximum prices gradually increasing, solidifying SCT’s position for future gains.
To summarise their 2022 Safechaintoken price prediction, Price Prediction explains:
“According to the Safechaintoken forecast price and technical analysis, in 2022 the SCT price is expected to cross an average price level of $0.035, the expected minimum price value of Safechaintoken by the end of the current year should be $0.034. Moreover SCT can reach a maximum price level of $0.040.”
What Will Happen To The Price Of Safechaintoken In 2022?
In 2022, the price of Safechaintoken will likely continue to increase, maintaining its gains from 2021, however, price forecasters do not seem confident that Safechaintoken will claim a new ATH in 2022.
Will The Price Of Safechaintoken Go Up In 2022?
The price of Safechaintoken could reach a maximum of $0.0454742530 in 2022. Price forecasters expect much higher lows in 2022. The lowest price prediction for Safechaintoken in 2022 is $0.023.
Additional price predictions for Safechaintoken in 2022 include:
- Gov Capital: $77.581
- CoinArbitrageBot: $0.02833
- CoinDataFlow: $0.08411
Long-term Safechaintoken Price Predictions: 2023-2027
What do crypto experts expect for the price of Safechaintoken in 2023 and beyond? As we can see from above, there is extremely limited price prediction data available for Safechaintoken at the moment as the coin is still incredibly young. Nevertheless, let’s continue onwards to see what we can find.
For our first long-term Safechaintoken price prediction, we’ll return to Price prediction, which has predicted SCT’s potential price all the way to 2030. Here’s what Price Prediction has forecasted for the price of SCT from 2023 to 2030:
Safechaintoken price predictions 2023-2030
|Year||Minimum Price||Average Price||Maximum Price|
To summarise, Price Prediction expects the price of Safechaintoken to continue rising in the run-up to 2030. By the end of 2023, they expect a maximum price of $0.058, $0.12 by 2025, $0.26 by 2027, and $0.83 by 2030.
This is incredibly encouraging. If these predictions are correct, we could see SCT cross over $0.10 by 2025, be worth an average of $0.50 by 2029 and be working its way towards $1 by the end of the decade. Price Prediction expects SCT’s minimum, average, and maximum prices all to increase year-on-year, clearly doubting there will be a downturn or price correction in the future. However, with that in mind, Price Prediction also seems to suggest that Safechaintoken will not be able to move past its current ATH by at least 2024.
Our next long-term Safechaintoken price prediction comes from DigitalCoin, which has forecasted SCT’s price all the way to 2028. While they are also bullish on SCT’s prospective price, they do not expect it to reach the same prices Price Prediction estimated above. However, they do seem to agree that SCT will rise gradually for the next few years, as the chart below shows.
Here’s what DigitalCoin has predicted Safechaintoken could be worth from 2023 to 2028:
- 2023: $0.0478198482
- 2024: $0.0598906220
- 2025: $0.0712068116
- 2026: $0.0827686932
- 2027: $0.0923881279
- 2028: $0.1075235415
At the very highest, DigitalCoin has predicted that Safechaintoken could hit $0.10 in 2028, which is almost four times lower than the maximum Price Prediction has forecasted for the same year. While both price forecasters agree that SCT will rise gradually, DigitalCoin predicts a much slower pace. Also worth noting is that both DigitalCoin and Price Prediction seem to believe that Safechaintoken could surpass its ATH by 2024 at the earliest.
What Will Happen To The Price Of Safechaintoken In 2025?
By 2025, Safechaintoken could surpass $0.10 for the first time. Even the lowest price prediction for Safechaintoken suggests that it has at least moved beyond its 2021 ATH of $0.05958 and could reach $0.07. Forecasters believe that Safechaintoken’s rise will be gradual towards 2025 and doubt that it will decline at any point between now and 2025.
Will The Price Of Safechaintoken Go Up In 2025?
Yes, the price of Safechaintoken could go up in 2025 and reach a maximum price of $0.12. Other lower but also positive price predictions suggest a top price of $0.0712068116 by 2025.
Additional Predictions For The Price Of Safechaintoken In 2023-2027 Include:
Safechaintoken Price Predictions 2023
- CoinArbitrageBot: $0.05042
- CoinDataFlow: $0.30276
- DigitalCoin: $0.0478198482
- Price Prediction: $0.058
Safechaintoken Price Predictions 2024
- CoinArbitrageBot: $0.08158
- CoinDataFlow: $1.08
- DigitalCoin: $0.0598906220
- Price Prediction: $0.085
Safechaintoken Price Predictions 2025
- CoinArbitrageBot: $0.13200
- CoinDataFlow: $3.92
- DigitalCoin: $0.0712068116
- Price Prediction: $0.12
Safechaintoken Price Predictions 2026
- DigitalCoin: $0.0827686932
- Price Prediction: $0.18
Safechaintoken Price Predictions 2027
- DigitalCoin: $0.0923881279
- Price Prediction: $0.26
Trading Education Safechaintoken Price Predictions
Despite the limited amount of price prediction data available for Safechaintoken, we have still managed to find a fair degree of disparity between them. This is unsurprising when looking at an asset that has only been on the market for a brief time.
Using what we could get hold of so far, we’ll compare the top price predictions below to figure out what SCT could reach in 2022, 2023, 2024, 2025, 2027, and 2030.
Safechaintoken price predictions 2022
Safechaintoken is expected to trade with bullish momentum and surpass $0.03 by the end of 2022. As per Safechaintoken price predictions 2022, the price of SCT might trade above $0.04 by the end of the year. The predicted high for 2022 might be around $0.08411, and on the downside, the low might range from $0.02833 to $0.023.
Safechaintoken price predictions 2023
The price of Safechaintoken is predicted to reach a maximum level of $0.058 by the end of 2023. The Safechaintoken price can reach a minimum level of $0.30276 in 2023.
Safechaintoken price predictions 2024
As per experts, the price prediction of Safechaintoken might continue the gradual upward trend. And as per our data, by the end of 2024, it would be able to cross the $0.08158 mark. The predicted high for 2024 might be $0.085, and on the downside, the low might be around $0.0598906220.
Safechaintoken price predictions 2025
As per Safechaintoken price predictions for 2025, the price of SCT might reach between $0.099 and $0.12 by the very end of 2025. As per our prediction and price forecast, the predicted high for 2025 might be around $0.13200, and on the downside, the low might be around $0.0712068116.
Safechaintoken price predictions 2027
As per our Safechaintoken price prediction 2027, the token might be able to touch the $0.18 price mark on the upside, while on the downside, it might fall to $0.0827686932. As per our Safechaintoken price prediction and forecast update, the cryptocurrency might trade around $0.0923881279 by the end of 2027.
Safechaintoken price predictions 2030
The top price predictions for Safechaintoken in 2030 foresee SCT dominating above $0.74 for most of the year. If the token does well, experts seem to suggest that a push to $0.83 could be possible. The lowest Safechaintoken price prediction for 2030 is around $0.72.
Conclusion: Safechaintoken Price Prediction Forecast
The below prediction figures outline some of the potential highs and lows of Safechaintoken price prediction forecasts for 2021, 2022, 2023, 2024, and 2025 offered by technical analysts and industry experts.
Would you consider buying Safechaintoken?
How Has The Price Of Safechaintoken Changed Over Time?
According to data from CoinMarketCap and CoinGecko, exchanges first started tracking Safechaintoken’s price from the 25th of October 2021, which means we have an extremely minuscule amount of data to analyse when looking at SCT’s past performance.
However, in this small time frame, there are still plenty of minor events to analyse. As you can see from CoinMarketCap’s graph below, Safechaintoken has had a bumpy ride, particularly in November 2021.
SCT/USD price chart. Source: Coinmarketcap
At the very beginning of the graph, we can see a small spike where prices jumped upwards following the token presale. According to Safechaintoken’s website, the presale took place on the 23rd of October 2021 where 30% of all tokens would be available to early investors. On the 25th of October, SCT then shot up from $0.00181 — its all-time low (ATL) — to $0.007362 in a single day. What is quite positive about this upwards swing is that there wasn’t a massive price correction afterwards and Safechaintoken has never returned to this low.
After this jump, the untrained eye could mistakenly assume that SCT was not very volatile. However, if you zoom in on the charts you can see that there was plenty of volatility to take advantage of. It’s just that the prices were very low in comparison to what they would be worth in a few weeks. Before the 7th of November 2021 when prices rocketed, Safechaintoken ranged from lows of $0.00433 and to highs of $0.00846, almost doubling in price.
On the 7th of November 2021, Safechaintoken went through its second major price hike going from $0.006843 to $0.02487 in the early hours of the morning, a three-fold increase in slightly more than an hour. But prices didn’t stop increasing there - by the afternoon they were trading at $0.02544 and went on to hit SCT’s ATH of $0.05958 within two hours.
Naturally, this impressive increase didn’t last that long and soon Safechaintoken declined back down to $0.03765, and after another attempt to rally upwards hit $0.05233 before slumping down to $0.01927 and then entering a ranging period between $0.023 and $0.027 to where it is today. While this drop might not be too inspiring, remember that Safechaintoken started trading on the 25th of October 2021 at $0.00181 and it is now trading at $0.02324 — a 12-fold increase in just a few short weeks.
Read Also: How To Invest In Cryptocurrency In 2022
What Factors Affect The Price Of Safechaintoken?
Keeping your eyes on price predictions will only get you so far when you invest in cryptocurrency (or any asset for that matter). Price forecasters use historical data to project what a crypto could be worth in the future, but they cannot foresee what events could take place that could change that outcome.
That’s why to make the most out of investing in Safechaintoken, you need to have a thorough understanding of what factors could impact its price.
1. The Popularity Of DEXs
Safechaintoken’s primary goal is to set up the Safechainswap, a decentralised exchange (DEX) for tokens that they claim will be easy to use. DEXs boomed in popularity in 2020 and 2021 and many believe that they will overtake more established, centralised crypto exchanges, such as Binance and Coinbase, in the future.
2. Token Burns
Safechaintoken goes through a token burning where every month they will unlock 5 million SCT from a smart contract and burn it. Starting with an initial supply of 250 million tokens, they plan to keep burning until they reach 195 million tokens. They plan to start token burnings by the end of November 2021.
If you remember anything from Safechaintoken Price Predictions: How Much Will SCT Be Worth In 2022 And Beyond? Make it these key points.
- Safechaintoken was introduced on the 25th of October 2021 and plans to build a decentralised exchange called Safechainswap, which should be launched in the last quarter of 2021.
- SCT’s ATH is $0.05958 which it reached on the 7th of November 2021.
- DigitalCoin has estimated that SCT could reach a maximum of $0.0454742530 by December 2022 and a minimum of $0.0353536720 in August 2022.
- Price Prediction has forecasted that Safechaintoken’s 2022 low could be $0.023 in January and its yearly high could be $0.040 in December.
- By 2025, DigitalCoin has forecasted that Safechaintoken could reach a maximum price of $0.0712068116.
- Meanwhile, Price Prediction has estimated Safechaintoken could have a maximum price of $0.12 in 2025.
- By 2030, Safechaintoken could reach its highest ever price of $0.83.
- Factors that influence the price of Safechaintoken include the popularity of DEXs and token burns.
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What Does Safechaintoken Do?
The creators of Safechaintoken plan to build ‘Safechainswap’, a DEX for swapping tokens. Users will be able to stake, provide liquidity and farm tokens on their platform. They also plan to create an NFT marketplace.
Is Safechaintoken A Good Investment?
In less than 30 days, Safechaintoken (SCT) has appreciated approximately 1,190.43% and gone from an all-time low of $0.00181 on the 25th of October 2021 to an all-time high of $0.05958 on the 7th of November. This immense increase could suggest that Safechaintoken is a good investment.
Why Is Safechaintoken Going Up?
Safechaintoken has likely risen over 200% in the last week in anticipation of the Safechainswap launch (a DEX protocol), which is planned for the fourth quarter of 2021. Furthermore, following Safechaintoken’s private token sale, 27 million SCT were burned (10% of the supply), which could also have been a factor.
Can You Stake Safechaintoken?
Safechaintoken will be available to stake on the Safechainswap platform.
How Much Will Safechaintoken Be In 2030?
By 2030, Safechaintoken could be worth a maximum price of $0.83, an average price of $0.74, or a minimum price of $0.72 according to Price Prediction, suggesting that a move towards $1 could be on the table in the next decade.