The crypto market is volatile, indicating you should assess each trading move carefully. You might be looking for a BTC to XMR converter, and sticking to top coins is a fine choice. But those looking for extra risk might be analyzing SafeMoon.
SFM is a controversial coin that attracts much attention, which makes it incredibly risky. In this guide, we’ll discuss what to expect from it in the future.
What Is SFM?
SafeMoon first entered the industry in March 2021. It uses the SFM token trades on the Binance Smart Chain, with a 10% charge on each transaction. The first half of that percentage goes back to token holders via redistribution, while the other half is sent to wallets in Binance coin.
According to the creators, the goal of SafeMoon is to encourage long-term investment. The problem is that some users see this redistribution to existing owners as a Ponzi scheme.
The developers improved the network and migrated to SafeMoon v2 in 2022, along with releasing the SafeMoon card. The idea was to use it to pay for services, but some users didn’t like the extra 2.5% charge per transaction.
SFM is now worth $0.00017. The coin’s market cap is $90 million, which isn’t that impressive and puts it out of the first 2,000 spots in the crypto rankings. The current circulating supply is around 560 billion SFM tokens, with the maximum set at around one trillion.
SFM Future Price
SafeMoon entered the market in 2021, and its all-time low occurred in December 2021. The coin was only worth $0.00000002149 but it took off quickly. It was only a couple of weeks later when it reached an all-time high of $0.007232.
The social media hype was incredible at that point, but SFM soon started losing value. That continued on an almost regular basis, so SFM lost 98% of its all-time high price.
Now that we’ve covered the past, it’s time to discuss SFM price prediction. Here’s what our experts discovered about this coin’s potential fluctuations!
SFM Price Prediction 2023
It’s not long to go by the end of the year, indicating no huge changes are expected. PricePrediction.net puts SFM at anywhere from $0.00019918 to $0.00021655. If you ask AMBCrypto, the value could go to $0.00028. The most optimistic predictors are guys from Crypto NewsZ, which put SFM at up to $0.000563 before the year ends. It’s most likely, however, that there won’t be any changes of more than 5-10% from the current coin’s worth.
SFM Price Prediction 2024-2027
The most cautious forecasts for 2024 put the token at $0.00030. If you trust the more optimistic investors, SFM value could go up to $0.000741.
In 2025, that value could climb all the way up to $0.00099. Other experts warn that SFM won’t likely go beyond $0.00060, while others put it at only $0.00044017.
For 2026, SFM forecasts are anywhere from $0.00656584 and $0.0029. If it doesn’t cross the $0.001 limit in 2026, that’s likely to happen the following year. SFM could even go as high as $0.0045, although most predictions don’t actually place it beyond $0.001 in 2027.
SFM Price Prediction 2028 – 2030
The long-term forecasts are truly exciting for potential SafeMoon owners. In 2028, the prognoses are that SFM will be worth anywhere from $0.0011 to $0.0055. The growth trend will continue in 2029, with the forecast being anywhere from $0.0011 to $0.0062.
As for the end of the decade, the best forecast we found puts SFM at $0.0082. Multiple predictions place it at no higher than $0.004 in 2030, and some even go as low as $0.0019.
Is It Time to Invest in SFM?
The crucial takeaway is that SafeMoon is an incredibly risky investment. Investors draw some parallels between it and meme coins like Shiba Inu. It seems that nobody thinks that SFM is doomed to fail, which is good. However, the different opinions about its success levels are obvious.
That’s the beauty of high-risk digital coins. You can acquire SFM, and if it proves a smart investment, the odds are the gains could be huge, both in short and long runs. If you feel ready to take that risk, pick a crypto exchange that supports SFM and get some tokens now!
Featured image provided by David McBee; Pexels; Thanks!
