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Safemoon Price Prediction

An up-to-date Safemoon price prediction for 2021, 2023, 2025. Wondering what is the future of SAFEMOON price? Find out Safemoon price forecast with historical, fundamental and technical analysis.
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Safemoon Fundamental Analysis

Project name
Safemoon
Stock Symbol
SAFEMOON
Curr. Price
0.000002359528
Curr. Supply/Total Supply
574187763820757
ROI Since Launch
No Data
Launch Date
No Data
Official Website

Safemoon is a token circulating on Safemoon protocol – a DeFi project designed to help democratize yield farming. It launched in March 2021 and quickly became one of the most hyped meme coins.

Safemoon doesn’t have any unique use cases, i.e, it’s simply a cryptocurrency, but it does have some interesting features. There is a fee paid by the token holders out of every trade — a 10% commission. Half of this commission is distributed between all the holders, and the other half is partly locked into a smart contract and partly put into a liquidity pool. As stated by the founders, this commission works both as a penalty for speculators, rewarding long-term holders, and as a way to ensure liquidity and provide static rewards for those holders. This unusual mechanic raised some concerns about the possibility of Safemoon being a scam. Those doubts were fueled further by the announcement that the team is going to execute manual burns instead of algorithmically defined ones – many feel that this gives the team too much control. On the other hand, the dev team burned their tokens to ensure a fair launch, and overall they seem accessible and eager to answer any question to alleviate the doubts. There are also multiple celebrity endorsements — such as Diplo’s — to take into consideration.

Summary

As it can be clear from the analysis cited above, Safemoon (SAFEMOON) projections are rather contradictory. There is no universal consensus either about positive or negative future SAFEMOON price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Safemoon projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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