It is worth mentioning that despite the controversies, SafeMoon has yet to achieve any solid real-world use cases. In the meantime, the asset can leverage the current bull run to convince investors about its original concept of enabling fans to hold, rather than sell, their holdings. While developers of most cryptocurrencies hope one day that their tokens will go to the moon. Stellars decentralized exchange is built into Stellar. Notably, if the network experiences stability, it could offer investors confidence and overall belief in the token in 2023. Editors note: This article has been corrected. Throughout 2021, SafeMoon received celebrity endorsements from the likes of sports blogger David Portnoy, rapper Lil Yachty and YouTuber Jake Paul. Source: TradingView SafeMoon’s investment potentialĭetermining the potential of SFM as an investment product is challenging, considering the network controversies over the past year. SafeMoon is a cryptocurrency token that launched in early 2021, using blockchain technology developed by Binance. This is a mechanism in the form of a 10 sales tax for buying and selling. Elsewhere, oscillators are ‘neutral’ at 8. SafeMoons reflections feature has drawn many investors to buy this crypto coin. A summary of the daily gauges on TradingView aligns with the ‘neutral’ sentiment at 10, while moving averages are for ‘buy’ at 9. To average out market volatility and organize your portfolio with specially engineered systematic Crypto Investment plans starting at just 100 INR, Invest today.

The token’s technical analysis is mainly dominated by neutral sentiment. On a year-to-date basis, SafeMoon is up over 7%.

SFM price analysis shows that, by press time, the token was trading at $0.0002602 with daily gains of about 0.5%.

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