SafeMars (SAFEMARS) price prediction 2022-2030
These days, it's common for the crypto market to have a successful rave project immediately see imitators pop up, trying to ride the wave of hype. Even such a dubious project as SafeMoon had imitators. In this article, we'll talk about one of its imitators, the SafeMars project, and study the price predictions of its token.
What is SafeMars (SAFEMARS)?
SafeMars is an altcoin created on the Binance Smart Chain blockchain that positions itself as an autonomous yield and liquidity generation protocol. A fee is charged for each transaction, which goes towards rewarding the holders and increasing liquidity.
The history of SafeMars
SafeMars launched on 13 March 2021. The project was founded by an anonymous developer under the pseudonym The Martian. The project team consists of 3 developers and 5 marketers. Of these, only CEO Kenneth Churchill and Community Liaison Brian Dooley are known. The rest of the team prefers to remain anonymous.
After the project's launch, 53.5% of the issued tokens were burned, 40.5% of the tokens were allocated to the pre-sale supply and 6% went to the SafeMars team's wallet.
Launched only a few days after SafeMoon, SafeMars is not much different. It's a cryptocurrency designed in a way that encourages it to be held for a long time. The SafeMars smart contract charges a 4% fee on each transaction. The fee received is distributed as follows:
- 2% is distributed as a reward among token holders. This is one of the main features of the token, which should attract holders.
- 1% is auto-locked in the liquidity pool to constantly increase the liquidity of the token.
- 1% goes towards prizes for holders.
The project roadmap outlines plans to create a staking dApp as well as the ability to stake and mine NFT. Despite the fact that the implementation of those plans was announced as early as the third quarter of 2021, as of the end of February 2022, nothing is known about their implementation.
SafeMars (SAFEMARS) price analysis
As of 13 July 2022, the SAFEMARS token ranked 3807th among cryptocurrencies by market capitalisation at $4,257,501.
SAFEMARS price statistics (as of 13/07/22)
SAFEMARS current price
Self-reported circulating supply
Daily trading volume
SAFEMARS' price history
Shortly after the release of the token on the crypto market, its price collapsed, reaching an all-time low. Then the price rose sharply and reached a local high of $0.0000001061 on 5 April 2021. An even more impressive growth followed the correction, and the price reached a new high of $0.000001068 on 20 April. After another deep correction, the price soared again, reaching its all-time high.
Following this, the price collapsed. Despite the fact that buyers tried to change the bearish trend twice, in early August and in October, they never even got close to the previous two highs, and after each of those attempts, the price fell even lower.
SafeMars technical analysis
The price of SAFEMARS is currently moving sideways, trading volumes are very low even by the standards of this token. Moving averages and MACD indicate weak bearish sentiment.
Having said that, it should be noted that altcoins with such a low market cap are highly susceptible to market manipulation, and their technical analysis is very unreliable.
SafeMars (SAFEMARS) price prediction 2022
It's almost impossible to predict the price behaviour of a coin with a low market cap. There are currently no objective reasons for the price to increase, but a new round of hype may cause another short-term price rise.
SafeMars (SAFEMARS) price prediction for 2022, 2023, 2025 and 2030
The crypto with a market cap that low has attracted the attention of not many popular predictive services. We have compiled for you the predictions of the few that did pay attention to the token.
Wallet Investor's SAFEMARS price prediction for 2022, 2023, 2025 and 2030
Wallet Investor considers SAFEMARS to be a bad investment. According to their calculations, the token's price will decrease and will be $0.000000000347 in one year. That’s a loss of over 96%.
DigitalCoinPrice's SAFEMARS price prediction for 2022, 2023, 2025 and 2030
DigitalCoinPrice, on the contrary, expects the price of the token to rise. They believe the price will reach $0.0000000163 at the end of 2023, $0.0000000183 at the end of 2024, $0.0000000199 at the end of 2026 and $0.0000000487 at the end of 2030.
CryptoPredictions’SAFEMARS price prediction for 2022, 2023, 2025 and 2030
CryptoPredictions agree with DigitalCoinPrice that the price will rise. However, according to their calculations, the price increase will be more rapid. Thus, the token will be worth $0.0000000171 at the end of 2022, $0.0000000161 at the end of 2023 and $0.0000000280 at the end of 2025.
SafeMars (SAFEMARS) overall future value predictions
SafeMars has quite a few indications that this token is an extremely risky investment, even when compared to other altcoins.
- A very low market cap results in the token's low liquidity and makes it very vulnerable to market manipulation.
- The token has no real utility and is only suitable for holding at the moment. Holders receive passive income from transaction fees, but there is little point in carrying out those very transactions.
- The project does not have any advantageous differences from competitors. It doesn't offer its users anything new.
- The token is listed on a very small number of crypto exchanges, the largest of which is Gate.io.
- Most of the project developers remain anonymous.
- The project is noticeably behind the published roadmap.
With all this in mind, it's safe to say that at this stage, investing in this project is more of a gamble.
How high can SafeMars go?
Since the token's price currently has no objective reasons for growth, it can only rise because of hype. However, even in this case, the price is unlikely to reach the highs that it saw in Spring 2021.
SafeMars(SAFEMARS) price prediction today
The token's price is currently slowly declining, the interest of traders in the token is at a very low level. The most likely scenario is a further price decline. However, it should be taken into account that due to the low market cap, the situation can change in an unpredictable way at any time.