Safemoon Crypto Price Prediction
Looking for information on the Safemoon crypto price? You've come to the right place.
Although regarded as a meme coin, Safemoon is one of the popular tokens in the crypto market, with the famous brand mantra, "to the moon."
Aside from being a popular crypto token, or meme coin, it's highly volatile and has an increasing market cap.
Safemoon in its Entirety
The coin was launched on the Binance Smart Chain blockchain in March 2021 to create a decentralised financial system controlled by a community. It's a meme coin; it was expected to rise. Today, more than 2.8 million people hold the currency, and a report states that more than 500 trillion funds are in circulation.
Owners of Safemoon earn a passive reward in monetary form - Safemoon tokens - to discourage the selling of the coin.
Safemoon Crypto Price
Coin Market Cap gives the current price of Safemoon crypto price as $0.0000005607 with a market cap of about $1.236 billion, and it's ranked 234 among other cryptos in the crypto market.
Safemoon Price Prediction
Experts have predicted that Safemoon will be bullish based on long-term predictions. It's speculated that the price of Safemoon might hit $1 by 2023, even $5 by 2025. However, Safemoon price predictions are solely based on how well very popular cryptos increase in cost. If popular cryptos like Bitcoin and Ethereum rise in value, that can have a ripple effect on less popular coins like Safemoon.
As Safemoon is a community-driven token and a meme coin, the token increasing in value is inevitable, as the community will massively support it. For crypto investors or enthusiasts, it's a fact that meme coins tend to increase in value.
Moreover, the fact that, since launch and within a short time, millions of people currently own Safemoon tokens proves it'll grow.
Is Safemoon a Good Investment?
Even though there might be short-term losses in owning Safemoon tokens, it might be a reasonably good long-term investment opportunity. Buying a Safemoon token isn't an easy buy, making it hard to sell, which can discourage potential buyers. That means it is a somewhat risky investment, but hanging on to it long term might be a brilliant way of investing.
Nonetheless, it's not a fully wise investment to buy Safemoon because there are other cryptos one can buy which are generally considered better assets.
How to Buy Safemoon
You can buy Safemoon with other cryptos on Binance Smart Chain using decentralized exchange platforms like Safemoon Swap or PancakeSwap. Safemoon isn't listed on most crypto exchanges, and buying it with traditional or fiat currencies is impossible.
If you plan on buying Safemoon, here's how:
• Create a Binance Smart Chain wallet via Trust wallet • Buy Binance tokens and swap them for Safemoon tokens on the Safemoon Swap exchange
If you plan on buying Safemoon, it's wise to invest money that won't affect your overall finances - invest money you can lose without anxiety.
Author: Gerry Enoma
Gerry Enoma writes articles about crypto, blockchain finance, technology, and video games. His articles have been read by millions of readers on the internet. Having written for sites like Lifehack.org, Brightside.me, etc. Aside from being a writer, he's also a game designer.