It is expected that the trend of SafeMoon’s price is going to be higher in the coming years, even if the value remains at the fraction of second depending upon the prediction. Information from the site notes that the average price will be $0.00000504 by this year and is expected to have a rise of about $0.00000606 in 2022 and by 2025 it is by $0.00001025 by the year of 2025. According to the forecast, there will be a huge rise to a new peak by $0.00001491.
Forecast of SafeMoon from Coinpedia analyzes that the price will be about $0.00000662 by the end of 2021 and trading will be around $0.00000418 to $0.0000089 by the end of year 2022.
Popularity of Safemoon
Safemoon is a new decentralized cryptocurrency token that gained popularity very quickly in social media. It is a DeFi launched in March 2021 and is running on the SafeMoon protocol. It uses smart blockchain smart contracts in order to provide decentralized services. Recently it is noted that there are more than 2.42 million SafeMoon holders based on the survey.
SafeMoon protocol is completely based on three major functions : reflection, LP acquisition and burn. It is shown that its reward mechanism of token holding completely reflects the volume traded for encouraging holders for keeping their tokens. In the cryptocurrency market this is known as hodling.
SafeMoon is available for trading on a number of platforms. It is to be noted that in May 2021, SafeMoon launched on platforms like LBank, Bitrue and BiKi exchanges. It is planning to launch on exchanges like Binance, Kraken and Coinbase later this year. Also, it is important to note that SafeMoon is planning to develop NFT exchange by releasing a video game in which a token is integrated into the gameplay and also developing charity projects.
The most recent development in SafeMoon is nothing but the blockchain bridges adoption. It's becoming a trending factor on twitter with a hashtag #SafeMoonBridges. The bridges of SafeMoon are used by developers of cryptocurrency inorder to enhance interoperability. With the help of these bridges, investors are allowed to transfer tokens from Binance smart chain to EOS, Etherum for different use cases.
Popularity of cryptocurrency
Day by day the number of cryptocurrencies is going on increasing and many of them are gaining popularity. Before discussing more about cryptocurrencies and its future, let’s go through the reason behind the popularity of cryptocurrency.
- They are considered to be the currency of the future and people buy them at the earliest before they become valuable.
- Some believe that cryptocurrency will completely change the central bank’s system of money management and supply, as the bank tends to minimize the money value by inflation.
- Many like the technological aspects of cryptocurrency as it is a decentralized system of processing and recording which is more secure than traditional methods of payments.
- The most important thing is that cryptocurrencies go on increasing in value and long term acceptance.