Safecoin Price Prediction 2022-2030

Even if cryptos were born to protect people’s privacy, also in the crypto space centralization is very common. For this reason, concerns related to privacy are rising also among crypto users who want to avoid fiat but who experience the same level of centralization of traditional financial markets. 

At the same time, concerns about regulatory issues could harm the DeFi space, the most genuine part of the crypto market. 

So, what’s the solution? Maybe we should focus on cryptos that try to combine privacy and security, and for this reason we want to talk about Safecoin (SAFE) in this article.

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We will not only provide you with useful information, but also with Safecoin price prediction from 2022 to 2030.

What is Safecoin?

Safecoin (SAFE) was born in 2018 as an altcoin focused on privacy and security. 

This crypto is built using features of Komodo and Zcash. 

Komodo is an open and multi chain blockchain that allows developers to build other blockchains on top of it, while Zcash is particularly focused on privacy while keeping low transaction fees. 

Safecoin aims at being totally decentralized, since it’s owned by all its users who form a thriving community that constantly improves the project. 

The goal is to fully exploit blockchain opportunities. As the developers of Safecoin assess in the whitepaper of this cryptocurrency, they don’t want to compete with cryptos, but with fiat. 

The project wants to provide individual users and businesses with the tools to integrate blockchain technology into their projects and services, in order to avoid the use of fiat and guarantee a privacy-driven environment. 

Moreover, Safecoin wants to remove all those barriers that often prevent users from exploiting blockchain features - like sustainability and ease of use. 

So, these are other two concerns that the community takes into account, solving them despite the cross-chain nature of this crypto. 

Despite its goal, the economic part of the project wasn’t thought of as other cryptos aimed at reaching a wide use. 

In fact, Safecoin has a definite maximum supply that amounts to 36 million SAFE. Currently, 77% of this crypto is circulating - almost 30 million SAFE. 

At the time of writing, SAFE is worth around 0.8 dollars, with a rise of over 5% in the last 24 hours and a market capitalization of over $22 million. SAFE can be exchanged on Safe Trade, an exchange developed by the same team who developed Safecoin. 

But let’s try to better understand the price of SAFE by analyzing past data. 

We will use the price chart of the pair SAFE/BTC.

SAFE on Safe Trade - SAFE/BTC pair

Safecoin price analysis of the last several years

At the time of writing, the price of SAFE amounts to 0.00001291 BTC. 

When SAFE was launched on Safe Trade in 2018 SAFE was worth 0.000004 BTC. 

After the initial pump that led the price of SAFE to over 0.000018 BTC in a few days, SAFE experienced a fist low which led the price to around 0.0000032 BTC at the end of August 2018. 

The path of SAFE’s price followed what we can call a textbook corrective wave. 

If you’re not familiar with motive and corrective waves, they were theorized by Ralph Nelson Elliott almost one century ago. 

He divided market cycles into motive and corrective waves. This theory is based on market psychology, but at the same time it provides a neat framework to crowd behaviour. 

Let’s break this theory down in a few words - the theory is far more complicated than this, but it’s beyond the scope of this article to explain the Elliott Waves theory in detail. 

During an uptrend, motive waves are those who drive the price upwards. Each positive trend is usually formed by five waves - 3 motive and 2 corrective waves. Each motive wave should be formed by five subwaves, while corrective waves should be formed by three subwaves. 

When it comes to downtrends, it works the other way around: motive waves are those who drive the price downwards and are usually formed by five subwaves, corrective waves are those who drive the price upwards and are usually formed by three subwaves. 

Basically, motive waves are those who move with the main trend, corrective waves go against the trend. 

If we look at the image below, we can see that the downtrend is fully developed with five subwaves:

This downtrend led the price to around 0.0000011 BTC, and it took over two years to be complete. 

Even if the market is not so liquid, it looks like SAFE is still following a well-ordered path. 

After the bottom at the beginning of 2020, the market recovered to start what we can define the first motive wave of a new uptrend. The subwave reached a swing high in the middle of May 2021. 

What we can define as the second subwave - what should be the first corrective subwave of the uptrend - ended in the middle of July and led the price of SAFE to 0.0000024 BTC. 

Then, the third motive subwave started. This is usually the largest wave so we can suppose that it is still under development. 

Of course, no one can assess with certainty what will happen in the future. This isn’t possible even if you use the most accurate technical analysis. 

We can try to drive conclusions according to the data we have - so data that we can observe. 

And there are a couple of things we can observe when it comes to SAFE:

• Even if the SAFE is not on major exchanges and it is not so liquid, its price perfectly fits technical analysis based on market psychology;
• The price often respects Fibonacci levels, as we can see by analyzing the image below:

From these starting points, we can try to make Safecoin price predictions that, of course, don’t represent investment advice. 

Since the current price we are indicating in US dollars is calculated on the value of Bitcoin - SAFE can only be exchanged for Bitcoin right now - we want to make predictions based on percentages to provide you with realistic values. Nevertheless, we will add indicative US dollar prices for sake of simplicity. 

We are basing our SAFE price predictions on the path followed by the price of SAFE so far and on one assumption: prices tend to rise over time. In fact, also a theory like the Elliott Waves considers that downtrends usually don’t go below the lowest point of a previous cycle.

Safecoin price prediction 2022 - 2030

Considering that it is highly probable, as we said, that SAFE is currently developing a third wave, we can predict that by the end of 2022 the price will rise by over 51% - $0.55.

By the end of 2023, the price of SAFE should rise by over 48% compared to 2022 - $0.81.

In 2024 the price of Safecoin should witness a rise of 51% - if compared to the price reached by the end of 2023 - $1.21.

By the ned of 2025, the price is expected to reach up to $2. In the following years, the price will be gain over 100% each two years reaching at least $12 by the ned of 2030.

Where and how to buy Safecoin

At the time of writing, Safecoin (SAFE) can be bought with Bitcoin (BTC) on the exchange created by the same team who developed Safecoin, Safe Trade. 

Safe Trade is a centralized crypto exchange. To start trading, you will need to sign up. The data you need to provide are email address, password and the referral code (if you have any). Once registered, you will need to confirm your email address and you will be able to trade crypto pairs. You can easily deposit cryptos also via QR code, and the number of confirmations required varies according to the crypto - for instance, a Safecoin deposit requires 260 confirmations. 

SafeTrade is quite easy to use: you will see a chart, the order book and the form to open your orders - only market and limit orders are available to buy and sell. 

Conclusions

With this article, we tried to give you realistic predictions of the price of SAFE - from 2022 to 2030 - based on the historical price data we can observe and a technical analysis based on a mix of market psychology and Fibonacci levels, and considering SAFE’s tokenomics.

Moreover, we provided you with all the info you should know about Safecoin, but don’t forget to do your own research before investing!