Over 7000 cryptocurrencies with unique potentials are being created every single day. It has made it really difficult for investors to choose the right one to invest in. However, a new crypto project that has recently been stealing the attention of crypto enthusiasts is SafeMoon.
With a community-driven approach to decentralized finance, SafeMoon has been in the limelight since its launch in March 2021. But why do you think SafeMoon will skyrocket in 2022? Let us explore.
SafeMoon was introduced to the market as a challenge to some of the popular cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB). However, the hype around this newly introduced cryptocurrency is at its peak now, and let us see why SafeMoon is a good buy now.
Why Choose SafeMoon?
SafeMoon is a cryptocurrency poised as a long-term investment option.
The SafeMoon cryptocurrency was launched in the first quarter of 2021. It has been on a constant rally since its inception and currently has over 2.5 million holders. The founders designed a cryptocurrency that ensured safe gains and prevented the inevitability of bubbles. As a result, SafeMoon is one of the best long-term investment options because it was uniquely designed to resist volatility by rewarding investors for holding their coins.
The name SafeMoon is a reference to the phrase “to the moon” which is often used on social media by crypto traders and enthusiasts when they are bullish about the price of Dogecoin. Like other cryptocurrencies, SafeMoon also exists on the blockchain and does not have any financial institutions or exchanges as intermediaries.
Is SafeMoon All Set To Skyrocket In 2022?
Thanks to its unique structure and system, the price of SafeMoon could likely rise higher in 2022 and beyond.
SafeMoon is considered as one of the best long-term investment options because of its three main functions. Those are Reflection, LP Acquisition, and Burn. Reflection or static rewards is through which the token attempts to correct the problems with mining rewards. The approach is entirely different from traditional mining rewards. For instance, in the case of Bitcoin, reward value decreases over time and early adopters tend to earn more as compared to latecomers. But SafeMoon’s static reward method strives to mitigate this problem of early adopters selling their coins in mass.
The second function, LP Acquisition, creates a solid price floor for both buyers and sellers. According to the official white paper, the automatic liquidity pool is like the “secret sauce” of SafeMoon. The cryptocurrency is designed for long-term stability, and there is a penalty for selling coins.
Finally, unlike other cryptocurrencies that have continuous burns, SafeMoon employs manual burns. According to the team, the process implements a beneficial burn strategy for long-term investors.
These are the main three functions that make SafeMoon a unique long-term investment in the market today. Moreover, the team also plans to develop a non-fungible token (NFT) exchange and several charity projects as well as crypto education apps in the coming years, which would likely drive SafeMoon to skyrocket in 2022.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Factors Driving Price of SafeMoon To Skyrocket
From its updated roadmap to unique features, several factors drive the price of SafeMoon to record highs.
1. The Launch Of SafeMoon Wallet
There was a significant spike in the SafeMoon value towards the end of August 2021. The primary catalyst for this rise was the planned launch of its software wallet along with Android and iOS apps. The android version of the SafeMoon Wallet was launched on September 13, which raised the price to $0.000001853 by September 15. The developers have also opened up the beta version of the iOS app on September 30.
2. The Updated Roadmap For The SafeMoon Crypto
Yet another reason why SafeMoon will skyrocket is its updated and detailed roadmap which explains all the key updates or moments that Safempoon plans to release soon. Some of them include:
- The launch of the SafeMoon podcast in November
- The expected launch of the SafeMoon blockchain in December
- A significant update, The Gambia Operation / Operation Phoenix in December
The team is also planning to release version 2 of the coin with a new total supply of one trillion and a coin burn with almost 575 billion coins in circulation. Additionally, the latest version will also have a lower fee to facilitate the use of SafeMoon for commerce seamlessly.
3. Unique Fee Structure
A significant feature that sets apart SafeMoon from other cryptocurrencies is its unique fee structure. It charges a 10% fee for the token sellers, from which a 5% is then redistributed to all the SafeMoon owners. This is a reward to all those who hold the token and disincentivize selling. According to the SafeMoon whitepaper, the 10% tax on every sale is specifically designed to reward long-term holders and stabilize the price.
Why SafeMoon Will Skyrocket: Expert Predictions
Experts predict that SafeMoon could see a colossal rise in its price in the coming years.
According to several experts, SafeMoon has a bright future ahead and is poised for long-term growth. Some of them include:
Digital Coin Price:
“The SafeMoon crypto price prediction from DigitalCoin projected that the coin could trade at an average price of $0.0000044247 in 2022, rising to an average of $0.0000051176 in 2023 and $0.0000074871 in 2025. By 2028, DigitalCoin suggested SafeMoon could average $0.0000108825, with the price peaking at $0.0000120766.”
WalletInvestor:
“According to our SafeMoon price prediction, the price will reach an average of $0.000004 in September 2022, and a SafeMoon price prediction for 2030 of $0.000013.”
Coinpedia:
“SafeMoon would have a bullish start to 2022 could see SafeMoon trading near $0.0000067, whereas if it ends 2021 on a low, it could start next year trading at $0.000003. If SafeMoon boosts its user community during the year, it could trade up to $0.0000089 by the end of next year, otherwise, it could peak at $0.00000713 by the end of 2022. In five years’ time, Coinpedia projected the price could range between $0.00000957 at the low end and a peak of $0.0000192.”
Check Out: Is SafeMoon a Buy?
Should You Invest $1000 In SafeMoon?
Buying SafeMoon now could help you double your investment in the future.
SafeMoon is one of the fastest-growing cryptocurrencies in the market today. Since its initiation in March, there have been 350,000 downloads of the SafeMoon Wallet apps for Android and iOS. Moreover, on October 14, the SafeMoon Wallet also added an option to buy BNB coin, the native cryptocurrency of Binance’s platform, and convert it to SafeMoon.
The SafeMoon price has been on a spike with the updates. Additionally, the Protocol will be expanding to include an NFT marketplace and coin launchpad that would allow users to create their own cryptocurrencies through the platform. SafeMoon was launched with a massive supply and an extremely low price. There were 777 trillion SafeMoon coins with a price of $0.0000000010 when it launched.
SafeMoon has an ambitious roadmap and plans in pipelines which would likely drive its price higher. Moreover, thanks to its growing popularity, the token would soon be listed on leading exchanges. The team also has plans to launch a decentralized exchange (DEX) and increase its partnerships by the end of the year. Therefore, a $1000 investment in SafeMoon now could likely double your money over the long run.
The Bottomline
All the hype around a new coin will undoubtedly make investors wonder if it’s safe and worth investing in. All the fanfare and popularity aside, SafeMoon has a robust road map and a unique mechanism that makes it one of the best long-term options for investors. If it implements all the updates and partnerships as mentioned in the road map, SafeMoon would likely skyrocket in 2022 and beyond.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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