![]() With that in mind, our SafeMoon price prediction forecasts a possible low of $0.0002, a high of $0.00031 and an average price of $0.000255 by the end of 2024. Therefore, they will happily sell their tokens if the price starts recovering.įurthermore, SafeMoon will have difficulty attracting new buyers when its brand has been heavily tarnished, and there are other meme coins with much better investor sentiment. Although the project does feature a strong community, many holders have already endured significant losses. 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.
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