Beware of Safemoon price prediction before investing any amount of money in a crypto wallet
Pushpa the Rise
Even though Safemoon has slumped along with the rest of the market, there’s still potential there. As a prudent investor, you’d want to check out this Safemoon price prediction, as we cover the asset’s price forecasts.
This guide will show you the Safemoon coin price and performance so far.
Safemoon Price Prediction 2022
Before we begin, let’s examine the Safemoon price prediction to know where the asset could be in the near future.
| Year | Price |
| 2022 | $0.10 |
| 2023 | $1 |
| 2025 | $5 |
Safemoon Price History
Currently, the Safemoon price today stands at 0.00137. This is a drop of 3.07% in the past 24 hours. While that isn’t so great, it’s still impressive compared to the broader crypto market, down by 5.02% in the same period.
Safemoon has had a decent start to the year. The asset has been down 48% since 2022 began. It’s not so different from other meme coins that have suffered from the market downturn.
However, this doesn’t mean that there isn’t some exciting stuff happening that could switch the Safemoon crypto price up.
Partnership With EverGrow Coin
Early in February, EverGrow Coin, an emerging utility token, announced a new partnership with the Safemoon developers. The partnership will see EverGrow Coin (EGC) swaps available on the Safemoon Wallet.
Investors will be able to buy EGC on the Safemoon Wallet, making the latter even more useful to crypto speculators.
The partnership could be a major fork in the road for Safemoon. EGC is seeing impressive traction among market participants, and their use of the Safemoon Wallet to purchase the coin could spur the Safemoon coin price even higher.
Safemoon V2 Launch
Safemoon developers are also getting a boost from the coin redesign. In December, they announced Safemoon V2 – an upgrade that will see the asset’s circulating supply consolidated to 1,000:1.
It is worth noting that the Safemoon upgrade didn’t come without its headache. Many exchanges that listed the original version had to delist it to comply with the upgrade temporarily.
Quidax – an African-focused crypto exchange – told customers at the beginning of the year that it would have to delist Safemoon to protect its funds. The new version is now live on the exchange, with Quidax announcing just last week that customers can now trade the asset again.
Rough patch aside, the new Safemoon version is expected to make the asset more attractive to investors who prefer to see their coin trading at higher values.
Improved Safemoon Metrics With V2 Launch
Besides the higher values and consolidation, Safemoon investors also have a lot to look forward to with the launch of Safemoon V2.
The upgrade is expected to improve the security, quality, and accessibility of the Safemoon token. Safemoon contracts are also likely to have additional cases, resulting in a push for adoption and higher coin price.
Safemoon Price Forecast 2022
Despite their best efforts to spur adoption, Safemoon’s developers are seeing what many other meme coins have been through. Most investors see Safemoon as a meme coin and nothing more!
This means that the asset’s prospects look a bit bleak and will most likely remain that way until the broader market picks up again.
With the market down right now, our Safemoon price prediction for the year stands at $0.10. We believe that the asset should still be able to approach the $0.10 mark, provided that the crypto market can rally and shake off its bearish rut later this year.
Safemoon Price Prediction Long Term Outlook
Our Safemoon price prediction is more bullish for long-term outlooks. We believe that the asset can hit the $1 mark by 2023 and push to $5 by 2025. For this to happen, several things will need to come into play.
The first factor is the crypto market itself. If large-cap coins like Bitcoin and Ether see gains, these gains will tend to trickle down and touch smaller coins like Safemoon. So, the market will need to have a sustained bullish period for Safemoon to push ahead.
The other factor has to do with Safemoon itself. While meme coins are susceptible to big jumps, such usually happen because of massive communities.
According to reports, Safemoon had about 2.8 million holders last November. Compare this to large meme coins like Dogecoin, which had over 4 million on-chain holders as of August 2021 – just months after Safemoon itself launched.
Safemoon developers will need a stronger community of supporters and coin holders to grow the price of the coin.
Safemoon Price Chart
Below is a Safemoon price chart that shows the asset’s movements over time.
