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Safe Price Prediction 2024: What Next for SAFE?

Last Updated June 3, 2024 12:45 PM
Giuseppe Ciccomascolo
Last Updated June 3, 2024 12:45 PM

Key Takeaways

  • Safe launched its SAFE token in April 2024.
  • The coin dropped after its launch and there’s no bullish sign on the horizon.
  • One price prediction expects it to reach $1.42 in 2025.

Safe is the ownership layer of Web3, securing over $100 billion in assets. It includes SafeCore, a comprehensive stack of account abstraction infrastructure, and the industry-standard multi-signature wallet, SafeWallet.

The project aims to transform every Ethereum account into a smart account, using artificial intelligence (AI), staking, gaming, SocialFi, DeFi, and payments. Features like gasless transactions, face-ID-like logins, onramps, and account recovery are designed to make things easier and encourage uptake.

In late April 2024, it launched its SAFE token, which debuted on the market at $3.26 but whose price has dipped since then.

On June 3, 2024, SAFE was worth about $2.04.

Safe did not respond to a request for comment.

But what is Safe (SAFE)? How does it work? Let’s find out, and we can also look at some of the SAFE Price Predictions that were being made as of June 3, 2024.

Safe Price Prediction

Let’s examine some of the Safe price predictions made on June 3, 2024. It is crucial to remember that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $4.47 $5.23 $15.13
Prediction #2 $1.50 $1.04 $1.54
Prediction #3 $2.63 $3.84 $23.37

First, CoinCodex  had a short-term Safe price prediction that saw the token go to $2.67 by June 10 before jumping to $6.71 by July 2. The site’s technical analysis was bearish, with two indicators sending bullish signals and 16 making a discouraging one.

Safe Price Prediction for 2024

DigitalCoinPrice  said Safe would reach $4.47 this year, while SwapSpace  expects it to be at $1.50, and PricePrediction.net  said SAFE would close the year at $2.63. 

Safe Price Prediction for 2025

PricePrediction.net said Safe would reach $3.84 in 2025 and SwapSpace sees it at $1.04. DigitalCoinPrice said SAFE would trade at $5.23 next year.

Safe Price Prediction for 2030

Moving on to a more long-term Safe price prediction, SwapSpace said the token would be worth $1.54 in 2030 and PricePrediction.net expects it to be $23.37. DigitalCoinPrice made a SAFE price prediction of $15.13 at the start of the next decade.

Google Gemini AI Price Prediction for Safe (as of June 3)

Google’s Gemini platform gave the following price prediction for Safe on June 3. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next three months)

  • Expected Price: $6.75
  • Factors to Consider:
    • Research Safe’s project: Understand its goals, development activity, and community engagement. Positive developments could influence the price.
    • Monitor news and announcements: Stay updated on any news related to Safe that might affect its price.
    • Track market trends: Look for broader trends in the cryptocurrency market that could impact Safe.
    • Consider technical analysis: Analyze Safe’s price history and technical indicators to identify potential trends, but remember this isn’t a foolproof method.

Medium Term (Next six months)

  • Expected Price: $5.77
  • Factors to Consider:
    • Binance Delisting Impact: The recent delisting of several tokens by Binance, a major exchange, highlights the influence of exchange decisions on cryptocurrency prices. While Safe isn’t mentioned here, similar actions by other exchanges could affect Safe’s price.
    • News and Developments: News and developments specific to the Safe project’s roadmap and technology can influence its price. Stay updated on any announcements or partnerships that might impact user adoption.
    • Market Sentiment: The overall sentiment of the cryptocurrency market can significantly impact Safe’s price. If the general outlook is bullish, Safe might see a price increase, and vice versa.
    • Regulations: Government regulations can affect the cryptocurrency market and the price of Safe. Keep an eye on any regulatory developments that might impact the industry.

Long Term (Next five years)

  • Expected Price: Not Available
  • Factors to Consider:
    • Market Trends: The overall health and direction of the cryptocurrency market will significantly influence SAFE’s price.
    • Regulations: Government regulations can have a major impact on the entire cryptocurrency market and specifically on SAFE.
    • Project Development: News and advancements related to Safe’s project roadmap and technology can affect its value.
    • Adoption Rate: Increased adoption and real-world use cases for SAFE will generally drive its price up.
    • Competition: The presence of competing cryptocurrencies offering similar functionalities can influence SAFE’s price.

Safe Price History

Let’s now look at some of the highlights and lowlights of the Safe price history . While past performance should never be taken as an indicator of future results, knowing what the token has done can help give us some very useful context when it comes to either making or interpreting a Safe price prediction.

Safe price history
Safe price in 2024. | Credit: CoinMarketCap

When Safe first came onto the open market on April 23, 2024, it was worth $3.26, which also represents its all-time high. It then dropped to $1.73 before increasing to reach $2.53 the day after. The coin had a muted May, moving sideways for the entire month and closing it at $2.08. SAFE didn’t show any particular movement in the first three days of June, being traded at $2.04 on June 3, 2024.

At that time, there were 426.8 million SAFE, out of a total supply of one billion. This gave Safe a market cap of $869.4 million, making it the 100th largest crypto by that measurement.

Safe Historical Price Data

Period Safe Price
June 3, 2024 $2.04
May 27, 2024 $2.08
May 3, 2024 $1.78
Launch price (April 23, 2024) $3.26
All-time high (April 23, 2024) $3.26
All-time low (May 10, 2024) $1.65

Is Safe a Good Investment?

It is hard to say. The coin is really young, having been around for just a little more than one month now, and its price has notably decreased since its launch. Even if main price predictions expect it to gain value, under the news perspective there are no major bullish signs on the horizon.

As ever with crypto, you will need to make sure you do your own research before deciding whether or not to invest in Safe.

Will Safe go up or down?

No one can really tell right now. While the Safe crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind, too, that prices can, and do, go down as well as up. 

Should I invest in Safe?

Before you decide whether or not to invest in Safe, you will have to do your own research, not only on SAFE, but on other, related, coins and tokens such as Ethereum (ETH) and Solana (SOL). Either way, you will also need to make sure that you never invest more money than you can afford to lose.

Safe (SAFE) Explained

Safe  serves as the ownership layer of Web3, securing over $100 billion in assets. It features Safe{Core}, a comprehensive stack of account abstraction infrastructure, and the industry-standard multi-signature wallet, Safe{Wallet}. The project aims to convert every Ethereum account into a smart account, enabling innovative use cases such as AI, staking, gaming, SocialFi, DeFi, and payments. This is achieved through features like gasless transactions, intuitive face-ID-like logins, onramps, and account recovery.

Safe currently boasts a large ecosystem of over 200 projects, including Gnosis Pay and Worldcoin, deployed across more than 15 networks, all building on the Safe smart account standard. SafeWallet is widely used by notable individuals like Vitalik Buterin and Punk6529, as well as Web2 giants like Shopify and Reddit for self-custody of assets and high-value NFTs.

How Safe Works

Safe is the base currency token for Safe Capital, which is like a general cryptocurrencyEthereum. It is a liquid currency that users can trade, spend and transfer. Like other coins, it can be securely stored in a wallet and traded with other cryptocurrencies, such as Bitcoin or Ethereum.

Safe Attention Tracker

Safe Google search volume
Safe Google search volume for the last 90 days. | Credit: Google
Here is a chart for Safe’s Google search volume for the past 90 days. This represents how many times the terms “Safe SAFE” has been Googled over the previous 90 days.

FAQs

How many Safe are there?

As of June 3, 2024, there were 426.8 million SAFE, out of a total supply of one billion.

Will SAFE reach $10?

According to DigitalCoinPrice and PricePrediction.net, SFE will reach double figures in 2025.

What is Safe used for?

Safe is used to convert every Ethereum account into a smart account, enabling innovative use cases such as AI, staking, gaming, SocialFi, DeFi, and payments. This is achieved through features like gasless transactions, intuitive face-ID-like logins, onramps, and account recovery.

Disclaimer

Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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