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Can Safemoon Realistically Reach 1 Cent? | Safemoon Protocol Cryptocurrency - YouTube
Channel: unknown
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Hello and welcome, I am
Matt Taylor, and this is
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my variety channel.
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Today I have another
cryptocurrency video and I'm
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going to be talking
once again about safe moon,
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safe moon protocol.
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And if it can realistically get
to one cent for the
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price per token.
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And before we move on,
make sure to subscribe to my
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channel and hit that
notification bell so you don't
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miss out on any of
my new videos.
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Also, smash that like button.
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It'll really help out the
YouTube algorithm and help
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my channel out.
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I really appreciate it.
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Really appreciate all
of your support.
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Everyone that watches the
videos and comments as long as
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you are being kind and not
being rude in the comments.
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There are some rude people and
I just don't have
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patience for rudeness.
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It's OK to be
it's OK to debate.
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I don't mind debating
with people, but once
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you're rude,
you're out anyway.
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So let's talk again once once
again about safe men.
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And also, if you don't know,
I do have a cooking channel
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that is my main channel
in the kitchen with Matt.
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If you like to cook and make
you follow recipes and things
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like that, check out that
channel as well.
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So let's dive in
to save Moon once again.
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And here is the
website Safe Moonen Dot Net.
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And I want to
do a disclaimer out there.
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First of all, I'm not getting
paid for this video
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me on people.
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They don't know me at all,
but I am a holder of the coin,
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the token I bought pretty early
on in the token when it was
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released and I have since sold
a little bit just so I could
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recoup my initial investment
back and also get like another
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one or two X back in return.
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So what I do hold is just kind
of pure profit for me, but it's
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not a ton.
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I don't have a huge bag.
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I'm not expecting this to make
me rich or anything like that.
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But I would like to
see the token do well.
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I would like to see the safe
moon developers and owners and
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the team deliver on the
promises that they have and to
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see if they can
follow their roadmap.
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And I would like
to see it do well.
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And to be honest, I'd like to
see most cryptocurrency to do
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well because it just really
helps the whole crypto space.
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And so let's go
over here to the website.
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I always like to be in all
these videos just to kind of
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point out what the website is.
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Safe Moonen dot net.
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For those of you who may be
joining for the first time and
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haven't don't know
too much about saving,
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I'll briefly cover it.
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I'm not going to do in-depth,
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you know,
covering of this token.
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You really need to do
your own research.
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You really need to just comb
through this website with
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by yourself and just kind of
read through everything and go
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through other sources that you
can find about it and make your
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own decisions whether you want
to invest in it or not.
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All right.
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So here is the website said
safety net and the current
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price right here.
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This is off by a bit.
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This the website is behind.
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It doesn't update
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really quickly.
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So the price is more
than this, the holders, this is
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behind by a little bit as well,
and I will show you a
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little bit later on a video
where that number comes
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from the holders.
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It's not like just some
arbitrary number or some
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fictitious number that they put
on their website because they
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think it's cool.
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There is there is a
place where that comes from.
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And then the total supply right
now is five hundred and
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eighty four trillion.
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And that is decreasing,
constantly decreasing.
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It is a deflationary token,
what that means is it started
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off with a certain amount
of coins, one quadrillion and a
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certain amount have been burned
already and more are continuing
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the being burned.
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And what happens is more tokens
you burn and get out of out of
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the circulation and supply,
then the more scarce the
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circulating tokens become,
which raises the price.
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That is the theory anyway.
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Community driven automatic LP
and R5 static rewards.
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Make sure you read through that
they're constantly updating
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their website to,
which is really neat.
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The very first website they had
was kind of terrible and I've
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been and I've been pretty
impressed by what they've done
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after the fact with
the website.
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Again, here are the
numbers again,
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the roadmap map.
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Read through that the team.
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You can click on the LinkedIn
profile and check them
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out more.
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You go to the Twitter discord
and then go down here to White
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Paper and make sure to click on
the white paper to read through
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the white paper.
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Specifically, the economics.
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On the protocol, Safe Moonen
employees three simple
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functions Reflexion plus LP
plus burn in each trade
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transactions tax, a 10
percent fee, which is
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split two ways.
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So every transaction.
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Includes a burn as well,
so every time there's
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constantly tokens being burned
with the transactions,
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they also do manual
burns on occasion as well.
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But if you want to learn more
about the tax, I have a
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dedicated couple of dedicated
videos on the safe room tax and
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kind of how it
breaks down and how that
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affects your investment.
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Make sure to check it.
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Click the eye up in the corner
and you will find that video.
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And so you can
learn more about saving tax.
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OK, let's go over here to
Twitter and I want to show you
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their main Twitter is safe at
Safe Room and it is seven
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hundred and
sixteen thousand followers.
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Crazy, the growing crazy fast.
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So many followers
doing really well.
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I mentioned in my last video
about billboards being put up
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by the community, not by
a safe man.
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And they are not even
paying to do the billboards,
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but just the community.
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People that are fans of the
coin are just helping to market
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the token, which is
really cool kind of genius.
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Marketing the safe room guys.
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Pretty smart in that regard.
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And their wallet is
coming soon.
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Well, it's not quite ready.
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And if you come over here to.
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Quoin Geko, they have updated
the rank, so it's ranked number
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thirty six, so this token has
been around for six,
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seven weeks and it's already
ranked thirty six on
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Queen Geko, which is really
cool over on Queen market cap.
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They don't have the
right ranking, they haven't
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ranked as two hundred and two.
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That doesn't necessarily
reflect the the correct ranking
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system between Queen Geko and
Queen market cap.
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Depending on which one you go
to regularly, you'll be able
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to see that.
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And there's some other similar
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websites like these that have
rankings as well that you
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can check out.
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And the price right here,
it's been gone up like twenty
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five percent in the last
twenty four hours.
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Which is really good to see,
and I want to go back
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to this number.
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Remember I mentioned.
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Where does this holder
come from, that number that
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comes from over here, you can
go to BFC, scan dotcom and then
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type Insaaf moon and
find out some more information
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about it.
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And here's where it is.
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Holder's two million sixty five
thousand five hundred ninety
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two addresses that hold safe.
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So there you go.
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There's not some arbitrary
number that they're throwing up
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on their website that they pull
out of thin air because
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it sounds cool.
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That's where I come from.
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And if you want to see the top
holder's down here, you can
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find the top holder.
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It's not hidden.
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There's nothing hidden.
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It's out there for
everyone to see.
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And I know early on people were
calling this a scam because
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there's that one wallet that
has nearly 50 percent
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of the tokens.
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Well, that's not a
human being.
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That's not that's not an
individual person that
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holds it.
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That's the burn wallet,
the main burn wallet.
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The highest human the highest
personal wallet is
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three percent, about 30
trillion, which is
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still really high.
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Well, let's just say that was
I'm not saying this is,
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but let's just say
that was the CEO's wallet.
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Again, I have no idea whose
wallet that is, it could be
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the CEOs, let's say that is,
I personally don't care.
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That's John Koronis wallet,
Elon Musk.
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He holds like over 20
percent Tesla stock.
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Jeff Bezos holds over like 10
percent of Amazon stock.
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So to me, that does
not some people scream, yell,
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that's a scam.
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It's like, no, it's not
a scam just because they hold
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that many coins.
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All right,
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and then there's more probably
their main team members
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hold these coins.
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Who knows?
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I can't say who owns those
coins and some of these are
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actually wallets, like
the safe pancake wallet,
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that's this one.
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The next hot line,
that's this one.
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Anyway.
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Let's move on from that and go
to the price that's what we all
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want to talk about, right?
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We'll save Moon realistically
get to one cent.
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Let's look at the
current price, it's right
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around that one four zero one,
and so it has to go
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from there.
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To hear which would go from a
market cap of about six,
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six billion to about nearly
six trillion, that's what the
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market cap, if it was one cent
right now, the market cap would
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be six trillion.
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And how I got that number is
just circulating supply.
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Times one cent, and that gives
you five point eight trillion.
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That's like five times as much
as Bitcoin right now.
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That's not going to happen.
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Do I really realistically think
it's going to get to one cent?
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Not anytime soon.
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And I'm not trying
to bag on the coin.
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I'm just being realistic.
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It could happen in the future.
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There's a lot more questions
that need to be burned.
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Trillions and trillions of
tokens need to be burned for
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that to happen.
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Granted, more and more people
are going to get into
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the crypto space.
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More and more people are going
to buy, which is going to raise
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the price of all
the other currency as well.
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So in one to one to
five years, Bitcoin could
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realistically have
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maybe a five to 10
trillion market cap.
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Safe could maybe have a
trillion or no, it's hard to
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say it's hard I hate to
speculate on price, but I like
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to be more realistic
when it comes to price.
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So.
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Granted, the supply is
certainly in supply will go
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down as more and
more tokens are getting burned.
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OK, and so maybe a year
from now, I personally
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think realistically,
maybe within a year from now,
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we could conceivably see
like 50 billion.
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Market cap or saving?
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Which is still.
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10X of what it is now.
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And that would be awesome.
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I would be totally happy
with that, and I'm sure many of
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you would be super happy with
that if you're a
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long term holder.
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That's that's that's what you
think about if you're a day
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trader and you want it to
go 10, 20 x hundred X within
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two weeks, it's not going to
happen unless you got super
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lucky and you bought when it
was completely at the bottom
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and then it hit
the huge, huge spike.
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And then you sold.
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But realistically, I'm just
being super realistic,
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50 billion to even one hundred
billion market cap is not out
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of the question with this,
especially for how
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popular it is.
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I would be really surprised if
it happens sooner than that one
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trillion market cap.
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I just don't see
it for a long time.
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And, you know, that would mean
a lot more people entering the
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space and a lot of tokens,
a lot of tokens to be
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burned by then.
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So anyway, that's kind
of my thoughts on that.
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Drop a comment down below and
let me know your thoughts.
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If I missed any tidbits
of information, what your price
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predictions are and your
reasoning behind it.
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But anyway, there we
go once again.
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I am Matt Taylor and
this is my variety channel.
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Hope you enjoyed the video.
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I hope you found value
in it again.
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Once once again, subscribe to
the channel that notification
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bill and smash that
like button.
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It'll really help me out
until next time.
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Happy trading, everyone.
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Take care.
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