Why SafeMoon Is Going To Explode In 2023?

Find out how SafeMoon has become one of the hottest DeFi cryptocurrencies within a short span.

Last Updated January 5th 2023

6 Min Read

2021 has been a prolific year for digital currencies. Several cryptocurrencies have made a big splash and have gained huge traction from investors across the globe. Launched in the spring of 2021, SafeMoon has become one of the hottest DeFi cryptocurrencies to make headlines.

SafeMoon employs a community-driven approach to decentralized finance (DeFi). The token has already garnered investor attention and won over a loyal fan base. But what else could drive the crypto to skyrocket? Let us see why SafeMoon is going to explode in 2023.

Looking At 2023: Is SAFEMOON Price Set For A Massive Year?

SafeMoon is the world's fastest-growing DeFi cryptocurrency, making it a good buy now.

SafeMoon is a BEP-20 token created on the Binance Smart Chain (BSC) ecosystem. It was launched on March 8, 2021. Despite its launch in March, the crypto already has over two million users investing in it. Before looking into what drives SAFEMOON’s price this year, let us have a closer look at the coin and its unique features.

#1: Consistent Rally

SafeMoon has gained the attention of crypto enthusiasts rather quickly. According to the market information firm CoinMarketcap, the crypto was already on more user watchlists than Bitcoin in early May. With a consistent rally, SAFEMOON has hit an all-time high of $0.00001399 on April 20, 2021.

SafeMoon is a crypto that is specifically encoded to benefit long-term holders. By offering a core liquidity guarantee, SafeMoon effectively positions itself as a potential long-term investment option.

#2:Unique Features That SafeMoon Apart

The key difference between SafeMoon cryptocurrency and other tokens is that investors are encouraged to hold the token rather than sell it. The team brings in a unique and innovative approach to tokenomics. The token holders get rewarded by simply holding SafeMoon coins and by leveraging auto-generated liquidity and static farming.

Yet another significant feature of SafeMoon is that it strives to be a long-term investment option for investors. To ensure this, the team has implemented a burn strategy that is beneficial and rewarding for those engaged for the long term. Regarding this, the team behind SafeMoon told Fortune that, “The goal here is to prevent the larger dips when whales decide to sell their tokens later in the game, which keeps the price from fluctuating as much.”

Moreover, several celebrities actively promoted the protocol earlier in May, causing retail investors to jump on the bandwagon and push the price of SAFEMOON higher.

#3: The Three Main Functions

Three main functions of the protocol make SafeMoon the best long-term investment. Those are:

Reflection or Static Rewards: The static reward function incentivizes users to hold their SAFEMOON tokens for the long term. SafeMoon transactions are charged as a fee that will get distributed eventually amongst holders of the token. It also allows token holders to earn passive rewards through static reflection.
LP Acquisition: This is the ‘secret sauce’ of SafeMoon, according to its white paper. The Automatic LP creates a solid price floor for both buyers and sellers. By creating a solid base, the function helps maintain long-term stability and reduces the chances of volatility. Moreover, the SafeMoon protocol holds a penalty on investors for selling coins.
The Manual Burn: The third most significant function of the SafeMoon crypto is a token burn that occurs on each trade. Most cryptocurrencies undergo a token burning process to permanently remove the token from circulation, resulting in an increased scarcity that pushes the value higher. But unlike other cryptocurrencies, SafeMoon employs a manual burn strategy with burns controlled by the team and promoted based on achievements. For long-term investors, this is highly beneficial as it keeps the community informed and rewarded.

#4: Expert Predictions

Cryptocurrency analysts seem to be cautiously optimistic about the SafeMoon price forecast for the coming years. Some of them include:

WalletInvestor:

“According to WalletInvestor the value of a SafeMoon coin will rise to $0.000051 in one year and up to $0.000237 in five years.”

Digital Coin Price:

“DigitalCoinPrice puts its SafeMoon prediction at $0.00000870 in one year and $0.00001690 over five.”

Economy Watch:

“Taking everything into consideration, our SafeMoon price prediction 2025 is still relatively optimistic about this token. As there doesn’t seem to be any real-world utility yet, which is why people buy Cardano and other useful cryptocurrencies, it’ll likely put off investors from placing large amounts of capital into the project. For that reason, we’d imagine a modest price rise to $0.000025 by 2025.”

Check Out: 15 Reasons You Should Invest in Safemoon Today

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Significant Updates And Partnership

Several factors have pushed the price of SafeMoon this year, driving it to explode in 2023.

Unique Fee Structure

One cannot ignore the unique fee structure that the SafeMoon cryptocurrency employs to make it a potential long-term investment. Anyone who sells SAFEMOON will have a 10% fee. In addition, 5% of the fee is split among existing holders, thereby encouraging investors not to sell their tokens.

The SafeMoon founders say that the idea behind the penalty and fee structure is to discourage day trading. It will also reduce the significant price volatility suffered by other cryptocurrencies, making SafeMoon one of the best long-term investment cryptocurrencies to buy now.

Partnership With Simplex

Yet another reason why SafeMoon will likely explode in the coming years is its recent partnership with Simplex, a financial institution licensed in the United Kingdom for crypto investors. The partnership will allow the crypto to offer streamlined and integrated SafeMoon wallets for investors, making it easier to invest in SafeMoon directly.

Simplex also securely processes credit card payments and makes cryptocurrency accessible to all. With the partnership, millions of people worldwide can now buy SafeMoon quickly, seamlessly, and securely.

The Updated Roadmap

Apart from all its unique features, SafeMoon has secured its position with its clear and detailed roadmap. It explains all the major updates and developments that SafeMoon plans to release soon, including the launches of the SafeMoon podcast in November, the SafeMoon blockchain in December, and a major update named the Gambia Operation / Operation Phoenix in December. If everything goes as planned, the price of SafeMoon could likely skyrocket in the coming years.

Why SafeMoon Will Explode In 2023?

SafeMoon has positioned itself as one of the newest potential cryptocurrencies in the market to buy now.

SafeMoon has already amassed an enormous fan base on social media platforms. The community has also started to push celebrities like Kim Kardashian to support SafeMoon, in the hope to see a spike in the cryptocurrency.

SafeMoon started skyrocketing to fame when the token was featured in a sensational Times Square billboard ad wholly solicited by Reddit user "ighproperties" and funded by the SafeMoon community. It also got featured in national publications like Fortune and the Wall Street Journal earlier this year.

Moreover, most investors would agree that SafeMoon has more potential for future growth and returns than the meme token Dogecoin. The team is currently planning to launch an NFT exchange to introduce the SafeMoon concept to other cryptocurrencies. The team also has plans to launch an app and enter a deal with a prominet African country that would integrate the crypto as part of their public currency.

Thanks to a dedicated development team and several developments in the pipeline, SafeMoon could likely explode in the coming years, making it a good buy now.

Sheldon Xia, the Founder and CEO at BitMart, said:

“SafeMoon is a DeFi project with a magnificent mission and roadmap. We are confident that the SafeMoon model and protocol would be a great addition to Bitmart Exchange as well as the whole DeFi market.”

The Bottomline

The success of SafeMoon also depends on Binance, the SafeMoon team, and the community built around it. The cryptocurrency will continue to attract investors as it is highly transparent and is not trying to hide how the system works. If the asset attempts to achieve all the updates and developments mentioned in its roadmap, SafeMoon could likely explode in 2023.