Connect with us

SafeMoon

SafeMoon launches V2 with faster contract execution, setting prices up for a breakout

Published

on

  • SafeMoon V2 upgrade enhances the security, quality and accessibility of contracts on the network.
  • CEO John Karony has revealed an upcoming exchange listing.
  • SafeMoon is adding new pairs to the swap based on a recent announcement.

Community-driven DeFi token SafeMoon has made it to the top 100 cryptocurrencies by market capitalization. SafeMoon prepares for a comeback with the upcoming V2 upgrade. 

SafeMoon price ready to break out with coming upgrade

SafeMoon’s upcoming upgrade, V2, is expected to enhance the token’s security, quality and accessibility. The SafeMoon community widely anticipates the launch of the V2 upgrade, and investors expect SafeMoon to recover from the recent drop in price. 

With the V2 upgrade, SafeMoon contracts will have additional use-cases, driving the token’s adoption higher. 

As of November 9, SafeMoon has 2,865,000 holders. There has been a consistent rise in the number of SafeMoon holders over the past two months. 

Advertisement

Ryan Arriaga, Global head of products at SafeMoon, announced the addition of three new pairs in swap. 

SafeMoon listed three reasons why the V2 upgrade is expected to boost the demand for the token in a recent tweet:

Advertisement

SafeMoon app has crossed 600,000 downloads. The team has announced that Bitcoin and Dogecoin will soon be added to the wallet. The partnership with Unicrypt, the multi-chain decentralized protocol, has kept V2 consolidation on track. 

The token is listed on over 12 crypto exchanges and posted a 3% drop in price over the past 24 hours. 

Advertisement

The V2 upgrade is on schedule for launch, and the addition of new pairs to swap has increased the accessibility of the token for holders. 

According to Karony, SafeMoon could soon be listed on top cryptocurrency exchanges, increasing the accessibility of the token. 

A cryptocurrency analyst at the YouTube channel “Broke Man Finance” has analyzed the SafeMoon price trend and predicted that the token would likely hit a new all-time high soon. 

Advertisement

News Source

SafeMoon

SafeMoon V2 countdown begins with prices ready to explode

Published

on

  • John Karony, SafeMoon CEO shared an update on new developments in the project, announcing the transition to a new team. 
  • Thomas Smith, SafeMoon’s Chief Blockchain Officer has been replaced with a new team as part of the company’s restructure and preparation for V2 launch.
  • The former Chief Blockchain Officer told David Gokhstein in a recent interview that he will make products that support SafeMoon from the outside. 

SafeMoon is going through restructuring ahead of the V2 launch. CEO John Karony shared details of the team’s progress and addition of new members to replace Thomas Smith. 

SafeMoon makes progress on V2 launch  

SafeMoon’s V2 upgrade will improve the security on the network. The upgraded contract brings utility features like reducing tax by 80% for ecommerce and wallet transfers. For SafeMoon users, the net value of their holdings will remain the same. 

John Karony, CEO of SafeMoon explained that the net holdings of users will be divided by a factor of 1000, and the overall value remains the same. 

Transferring SafeMoon between two wallets is currently taxed at 10%, a drop by 80% makes it 2%. Users can migrate from V1 to V2 in two clicks, and a small amount of BNB to cover the transition fees. 

Advertisement

Interestingly, SafeMoon recently announced that Chief Blockchain Officer Thomas Smith is now being replaced by a team. Karony shared details of the transition and revealed that the V2 upgrade is imminent, the handover process has started. There is no news of delay due to the transition.

The team has started a countdown and the upgrade is currently going through the final checks.  

Thomas Smith told David Gokhstein of Gokhstein Media that he will support SafeMoon externally. 

Advertisement

Earlier this month SafeMoon was recognized as the crypto community of the year. Analysts are bullish on SafeMoon based on the recent price trend. 

SafeMoon ranks in one of the highest price gainers over the past 24 hours. 

Advertisement

Adam Bergman, a cryptocurrency analyst at “The Adam Bergman Show” on YouTube is bullish on SafeMoon. Berg stresses on the role of centralized and regulated exchanges and SafeMoon’s roadmap and community in pushing the asset’s price higher. 

Bergman expects SafeMoon price to explode, similar to Binance Coin, Shiba Inu token and Crypto.com (CRO). 

News Source

Advertisement
Continue Reading

SafeMoon

SafeMoon bulls return to the scene, preparing a bullish breakout to $0.000004

Published

on

  • SafeMoon price is still stuck in a bearish triangle for over a month now. 
  • The altcoin has   seens a bullish uptick in the RSI, revealing bulls back on the buy-side. 
  • Expect a breakout of the triangle, targeting $0.00000400 as the first profit target. 

SafeMoon (SAFEMOON) price has been stuck in a downtrend for over a month now after peaking at $0.00000700. With the formation of a base at $0.00000271, buyers are now showing an interest in SafeMoon coins again. An uptick in the Relative Strength Index (RSI) has provided further support for a rebound. Expect a bullish breakout when some tailwinds flare-up in cryptocurrencies, that could lift SafeMoon price towards $0.00000400.

SafeMoon price sees bulls building momentum for a breakout

SafeMoon price has been falling in a sequence of  lower highs and lower lows for most of November. Bears got an unpleasant surprise, however, when Safemoon price hit the base level at $0.00000271, and bounced. Upside price action today has already witnessed two tests of the red descending trend line.

SafeMoon price could now start rising rapidly as a short squeeze sees bears closing their positions en masse and booking profits. This could temporarily increase demand for SafeMoon,  leading to a bullish breakout above the red descending trend line that has been capping reactions during the November descent, which, in turn, could see even further buying in from bulls.

SAFEMOON/USD daily chart

SAFEMOON/USD daily chart

Dreams of revisiting the $0.00000700 October high may be unrealistic in the short term  (such a move would also result in a double top reversal pattern, which might then be followed by a retracement to the downside). Rather expect SafeMoon price to find an initial limit at $0.00000400 where the  30-day Simple Moving Average (SMA) will provide resistance. Should bulls be able to push through this level, however – possibly helped by some additional tailwinds – a rally could go as far as $$0.00000500..

Advertisement

News Source

Continue Reading

SafeMoon

SafeMoon finds support floor, poised for a move to $0.000040

Published

on

  • SafeMoon price stabilizes and finds support at the $0.000030 level.
  • Daily Ichimoku support could buoy SafeMoon higher.
  • A 34% move could occur over a very short period.

SafeMoon price is currently down by more than 57% from the all-time high it made back on October 29th. Some hints of price stabilization against Senkou Span B could trigger intense buying pressure. If not, an extensive dive south is likely.

SafeMoon finds support at Senkou Span B, could spike 34% to test previous resistance

SafeMoon price is currently at a make or breakpoint. Senkou Span B is the most substantial level of support and resistance within the Ichimoku Kinko Hyo system, and that is precisely where SafeMoon now finds itself. To maintain Senkou Span B as support, SafeMoon will need to spike higher over the next two days.

Senkou Span B is currently at $0.0000030. Tomorrow, November 24th, Senkou Span B shifts to $0.0000040. Because this is the first time SafeMoon price has tested Senkou Span B as support, there is an extremely high probability that it holds as support – but that means a massive 34% drive higher is necessary. Failure to do so could trigger disaster.

SafeMoon price is just one day from triggering an Ideal Bearish Ichimoku Breakout on the daily chart. The necessary conditions for SafeMoon price to enter into that bearish breakout pattern are present save one: the current daily close below the Cloud.

Advertisement

SafeMoon/USDT Daily Ichimoku Chart

If by tomorrow’s trading day, SafeMoon price is not trading at or above $0.0000040, a 50% drop to the 2021 Volume Point Of Control at $0.0000015 is likely to occur.

News Source

Advertisement
Continue Reading