If you are a true SafeMoon fan, then you must check out this article. How Safemoon coin Will Reach $1 in Price This Year.
We couldn’t be more positive that SafeMoon is going to hit $1 very soon. In light of recent developments with the wallet delay but especially because of SafeMoon’s huge supply right now, some people think that this is going to be impossibility.
If you’re one of those who think that SafeMoon can’t reach $1 or more because of its supply, then make sure to watch this article until the end, and I will prove you’re wrong.
The SafeMoon team has officially moved contract ownership to a different wallet address controlled by the team’s CFO.
According to CEO Karony, the ownership changes nothing for SafeMooners. It would just be the equivalent of putting the control of a company’s bank account in the hands of the finance department.
Hank further explained that it just allows for the team to be more organized, reduces liability, and helps them comply with governmental requirements.
In his words, A different wallet address is the contract owner now, instead of the previous address. Instead of Thomas and myself having it in an environment that we control, it is now in the hands of our company financial officer.
Now, one question that has trailed this revelation for a while now is “Who is SafeMoon’s CFO?”
Some people feel this information is very important as it confirms whether or not SafeMoon is legit.
But while I’m curious about who SafeMoon’s CFO might be, I do not think it is the crucial part of the conversation.
What I think we should be focused on and excited about is the fact that the team seems to be setting up the organization to be compliant in many countries of the world.
If this happens and we have global compliance, this means that we won’t just get exposure and presence in every country of the world, but it’s also going to make it much easier to trade with SafeMoon.
This means increased market cap which means increased value for the token, and that takes us closer to our target of a $1 price by the end of the year.
Now, when exactly can we expect this regulatory compliance? Well, nothing is certain for now.
All we know is that SafeMoon has moved the contract ownership to another wallet address. And from Hank’s response, the team seems to be undergoing some restructuring.
Naturally, this takes some time. But it’s possible everything is completed before the year runs out. The regulation thing might still take a slightly longer time but whatever the case, the movement of the contract ownership is definitely a step in the right direction.
Plus, it shows that the SafeMoon team is hard at work as they said they were following the delay of the wallet launch. Talking about the Wallet launch.
We were all expecting to see the launch of the wallet on the 28th of August. However, due to unforeseen technical details affecting the Buy Button and SafeMoon Swap, the wallet launch had to be delayed.
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Now, when is the new release date of the wallet? Well, the SafeMoon team hasn’t said but all that’s left is backend integration for both the Buy button and SafeMoon Swap.
So, if the team is working as hard as it says it is, then we might get our wallet by the end of September or sometime in October.
Other SafeMoon projects we have to look forward to include the launch of the v2 token in September as well as the WAX and EOS bridges.
October will come with the launch of the SafeMoon Exchange, and then in November, the SafeMoon podcast will be launched.
Finally, in December, we will be witnessing the launch of the SafeMoon blockchain along with an update about Operation Pheonix.
As usual, reeling out these projects makes me really excited because of what it means for the value of the SafeMoon token.
We’re still talking about how SafeMoon is going to hit $1 before the year runs out. Some have said it’s impossible thanks to our supply.
But give me a few minutes, and I’ll explain it to you and show you how you’re wrong. First off, Papa already revealed that plans are currently ongoing to reduce the amount of SafeMoon available.
You can probably already tell how that helps the SafeMoon token. Well, cutting down on supply helps us to create scarcity of the SafeMoon token which makes the token even more valuable.
And we have every reason to be confident as a community because we have Papa on our team. Papa is pretty much a blockchain genius and his brilliance is undisputed in the crypto community.
There are even rumors that he was offered $2 million by XRP to work with them and Papa turned them down. Rumors which Papa has confirmed himself.
This only goes to show just how much many blockchain projects are willing to give just to have Papa on their team.
And to think that we have him on ours, that’s better than good luck. Papa is definitely taking us to the moon, there’s no question about that.
And if he has said that we will be cutting down on SafeMoon’s supply soon, then that’s as good as done.
So, now we know that supply will be reduced with Papa on our team. However, is there a slight chance that SafeMoon still doesn’t hit $1?
Well, yes, because it could even hit much higher. If you recall, just a few months ago, Papa mentioned a certain 100 million supply.
Now, say we are able to achieve a 100 million total supply at our current market cap of $1.3 billion, SafeMoon’s price isn’t just going to double, it is going to multiply by a factor of 10! 10 whole dollars!
If you ever doubted that SafeMoon could achieve this feat, then I hope you’re coming around now because, guys, there’s no way this isn’t happening.
There’s no way SafeMoon isn’t hitting the $1 mark soon, especially with Papa’s plan to drive down supply to 100 million tokens only.
Finally, SafeMoon Whale says, Well, let me start off by saying whether you invest or not is up to you. But in terms of dealing with external pressure, I have had friends sell that I have brought on board.
If I was still working, I would still be dumping what was left of my paychecks into only SafeMoon because I believe in it that much and I am an all in kind of guy.
I don’t care what people think of SafeMoon, last time I cared what someone thought about something I robbed myself of being a mega multimillionaire off Cardano.
Not this time. Consider these my words to you too.
I am neither a finance expert nor an investment professional. But I welcome you to think thoroughly through SafeMoon’s accomplishments and plans for the future and decide for yourself if it’s worth pouring your hard-earned money into.
I think you’d be hard-pressed to come to any other decision other than the obvious one which is that you ought to have a holding of SafeMoon tokens.
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Conclusion – Safemoon Coin
We’re on our way to the moon and I hope you join us! If you enjoyed this article, then please like this article and leave a comment in the comment section.