2/28/2024 0 Comments Binance safemoon![]() SafeMoon has over 700K holders and a market cap of $95 million. Here’s why.Īs well as being sued by its investors and YouTuber Coffeezilla exposing SafeMoon last year, the project’s liquidity pool was recently hacked and lost $8.9 million.Īlthough the SafeMoon hacker returned the funds, this further damages the project’s credibility. However, it is unlikely that SafeMoon will be able to retake its ATH. With that, many investors speculate that their favourite altcoins will pump in the next alt season. Our SafeMoon price prediction estimates a possible low of $0.0001, a high of $0.0002 and an average price of $0.00015 by the end of 2023.ĭue to the Bitcoin halving, the next cryptocurrency bull run is expected to occur in 2024. A break below here would signal further capitulation, but a bounce here would likely cause SafeMoon to consolidate for the remainder of the year. The final opportunity for SafeMoon to bounce is its current low of $0.0001412. ![]() However, following the SEC suing Binance and Coinbase in June, the price dropped below the support again.Īs a result, SafeMoon is likely to continue heading downward. Initially, it looked like a deviation, with the price moving back above in May following the meme coin run. The SafeMoon price chart below shows that the price has recently broken a long-term support zone. Such low trading volume compared to market cap shows a disinterest from buyers and sellers waiting for the price to go up to recover their losses. This is evident with the SafeMoon market cap being $95 million, with just a $1 million 24-hour trading volume. These allegations have stuck with SafeMoon, potentially preventing many new potential buyers from entering the project. The allegations in the lawsuit were regarding fraud and false allegations over the asset’s safety. This comes after SafeMoon investors launched class action lawsuits against the project. However, the issue with SafeMoon is that the meme coin community has lost a lot of belief in the project. As we mentioned in our Wall Street Memes price prediction, much of its early presale success is due to its community’s belief in the project. Other new meme coins have managed to pump too. Ethereum is up 85.65% meanwhile, Dogecoin, the leading meme coin, Dogecoin has managed to sustain its yearly price, with DOGE up 5.17%. While SafeMoon is down 63.89% in the last year, many top altcoins are up in the same period. Currently, the SFM price is $0.0001725.The SafeMoon team launched SafeMoon V2 in December 2021, which began to plummet in price shortly after its launch.Following this, the price declined significantly.The price soared to an ATH of $0.00001399 in May 2021.In the last seven days, it is down 9.48%, 28.99% in the last month, and 63.89% in the last year. However, the price dumped shortly after, before making a dead cat bounce in May 2022 and continuing to make lower lows.Įven during the recent rally, where Pepe exploded along with over meme coins, SFM has continually decreased in price. Shortly after the launch of SafeMoon V2, the price surged, reaching an ATH of $0.007232 on 4 January 2022. The token aimed to implement additional security and smart contract upgrades and would be given to SafeMoon holders in a 1000:1 ratio. In December 2021, the SafeMoon team released a new token, SafeMoon V2. Still, this was well off its all-time high, and it collapsed once again shortly after. The price then made a recovery, climbing 450% to $0.000006235. After launching in 2021, SafeMoon climbed from an opening price of <$0.000000000001 in March 2021 to an ATH of $0.00001399 in May 2021.įollowing this, the price declined significantly, reaching lows of $0.000001133 in September 2021.
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