Now The Whole Crypto Currency market is crashing at a rapid rate but we should expect to be climbing now after 2 to 3 days or after bitcoin Pizza day as May 22nd marks the 11-year anniversary of the first Bitcoin transaction.
will Safe reach a Cent Mark? permalink
Now coming to our main topic of discussion, when will Safemoon reach a cent of the dollar, Honestly speaking it not going to happen sooner or this year, but I did small math or you can call SafeMoon Price Prediction Currently, we can assume that before market crash Safemoon has a market cap of $5 billion and with 2.2 million holders and bitcoin has 20 million holders that is a huge 10 % of bitcoin users and consider that its only been 2 months from launch so more to be expected from this token
once an investor said " Buy low, sell high"
Safemoon Price Prediction permalink
Market Cap = Total supply of coins* Price of a Coin, Price of a coin = (market cap) / Total supply of coins, so Price of coin Increases depends on the High market cap and low Supply coins
So Market Cap dependent on
- More number of users, ( more demand then more people will buy, so automatically it will increase the market cap)
- No heavy panic selling, many people starts panic selling if the graph is down then it decreases the Market Cap
- More demand, positive News, it will increase the Buy and attention and increases the Market Cap
Actually we are not counting here the burn rates(10%) , that's what makes Safemoon different from other altcoins
|Circulating supply||583,976,403,925,663 /|
|Daily burns||1 Trillion tokens (approx)|
Current Price of SafeMoon $0.00000544 per token
currently, it has 583 Trillion coins so Technically if it reaches 1 cent without burning coins then the Marketcap would be $3.2 Trillion dollars, which is almost 5x of what bitcoin has but that not possible but with the constant burning of coins it can reach 1 cent or more if the supply decreases demand increases then Price would increase.
let's assume daily a decrease of 1 trillion coins so after 360 days , 360 Trillion coins will be burned and after 583 days, 583 trillion coins will be burned and we assume that the market cap is same throughout these 583 days then our math becomes simple
(MC)$3.2 Billion = 1 Trillion * Coin Price
Coin Price = 3200000000 ÷ 10000000000= 0.0032
|No of tokens supply||Expected Price|
|250 Billions||0.0128 Bang|
for 500 Billion token prices would be $0.0064 per token for 250 Billion token Price would be $0.0128 per Token for 125 Billion coins price would be $0.0256 per token
Expected date to reach Penny
We calculated the math by putting the Market Cap constant at $3.2 Billion dollars but When the number of users grows then the market cap grows tremendously same thing happened with Bitcoin and Etherium so in the future eventually Market cap grows and the supply of coins must be less than 500 Billion ideally to get that humongous 1 cent mark for Safemoon . But this only happens if the Burn rate is constant of 1 Trillion burns per day so Mathematically it would take almost 20 months so the final date would be ** Friday, 20 January 2023**
on this date, the price would less than $0.0032 or even reach a Penny before that date, and this would possible when the devs are working hard on Promotion, marketing, finding new solutions to adopt the Safemoon for Business purpose and other things,
this is not a financial advice and do not get scammed or fooled by fake Projects and do your own research before investing and do not invest more money which can cause you financial stability, thanks for reading.