The announcements for the upcoming SafeMoon products had quite an impact on its market performance. This is also thought to be the reason that SafeMoon has been trending in many platforms such as CoinMarketCap and Twitter lately. Earlier this month, SafeMoon launched their own swap, called the SafeMoon Swap.
But will SafeMoon be able to endure this huge step? Will it succeed once again?
SafeMoon Upcoming Products
The SafeMoon team claims it is working on numerous products to build up the SafeMoon ecosystem.
The SafeMoon wallet launched its beta version in early August, where about 10,000 people got to try it. However, even though the wallet was supposed to be available to the whole world on the 28th of August, the launch failed. Consequently, the SafeMoon team faced a lot of criticism but they promised to fix it as soon as possible. The wallet is said to have a very easy-to-use interface and very low fees.
Not much is known about the SafeMoon Exchange. Nevertheless, we know that this product is likely to launch between October and November this year. The exchange is believed to be decentralized since SafeMoon aims to help on building the DeFi ecosystem. Moreover, the first part of the exchange has been launched… and that is the above-mentioned SafeMoon Swap.
Other SafeMoon Products
SafeMoon has some other products in mind and the hardware wallet is one of the most important ones. However, it is thought that the hardware wallet will be the last product to launch, with the hot wallet and exchange being the first. Furthermore, people think that the launch of the hardware wallet will come after SafeMoon migrates to its blockchain.
SafeMoon Market Performance
This token has had quite a ride this year, experiencing extreme volatility. However, as the hype died down, its price movements began to become smaller in scale.
SafeMoon Price Analysis
SafeMoon joined the market in March 2021 with a price of $0.000000000545. Its price boomed not long after its launch, increasing by 15,000% in only some weeks. The token reached its peak on the 20th of April when it hit the price of $0.00001, putting it 2,000,000% above its initial trading value.
At the time of writing, SafeMoon is trading at a price of $0.0000013 and has a market cap of $810 million.
SafeMoon Price Prediction
The future of SafeMoon seems bright, but nobody can know for sure. According to prediction websites like WalletInvestor and GovCapital, SafeMoon might continue to grow in price and break its current all-time high in a few years. Yet, there are cryptocurrency enthusiasts that believe SafeMoon may surpass the $0.01 milestone by the end of 2021. As for us at CryptoAcademy, we believe that SafeMoon might end this year with a price of $0.00005 and gain momentum towards a trading value of $0.01 by the end of 2025.
Conclusion: Is SafeMoon a Good Investment?
So, should you invest in SafeMoon? We have a lot of faith in SafeMoon, however, as we said earlier, nothing is certain. SafeMoon is a project that is currently in development and it has a long way to go before it is fully developed. The project may be a total failure, or it may be a massive success.
Until today, SafeMoon has proved to be a good investment, depending on the time you bought it. Because it is a low-cap token, it still has a lot of space to grow. Therefore, when it comes to SafeMoon, we suggest investing only an amount you can afford to lose. The chances that your initial investment will grow are higher than the chances of your investment dropping to zero.
- The SafeMoon team claims to be working tirelessly on new SafeMoon products.
- These products include the SafeMoon Wallet, SafeMoon Exchange, SafeMoon Hardware Wallet, and the SafeMoon Blockchain.
- The growth SafeMoon experienced in its early days was enormous and was something that was never witnessed before in the crypto space.
- Our forecast shows SafeMoon ending this year with a price of around $0.00005 followed by a price of $0.01 after five years.
- After doing thorough research, we believe that investing in SafeMoon is worth it as long as you are not heavily damaged financially if the value of your investment decreases.