Does SafeMoon have potential?

Safemoon remains a decent coin to buy for good returns in the future. It’s a meme coin, which means the asset is susceptible to massive price swings. Just as well, its low price makes it an attractive option. As our Safemoon forecast shows, the asset has some potential .

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Why is SafeMoon controversial?

The controversy surrounding SafeMoon involves the supply . Big-league traders known as whales have been known to own enough of the supply to make investors nervous. If these whales should decide to cash out in what’s known as a “rug pull,” the other investors could be left holding the bag.

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How many SafeMoon holders are there?

SafeMoon was one of the newer cryptocurrencies to hit the market in 2021. This crypto project is a community-driven approach to decentralized financial systems. After the initial launch in the first quarter of 2021, there are now more than 2.9 million holders of the currency, according to Utah Business.

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Can SafeMoon reach a penny?

PricePrediction.net gives a SafeMoon coin price prediction that sees it getting to around $0.001 in 2022 . The site thinks SafeMoon V2 should then break through the cent barrier in 2028, when its average price should be about $0.013. The same site argues that SFM could reach as high as $0.052 in 2031.

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