Monat: Dezember 2021

SafeMoon (SFM) was launched as a community-driven DeFi token. Technically a meme coin, the hope was to challenge other high-growth meme coins like Shiba Inu and Dogecoin. SafeMoon exploded. Hitting all-time highs in April. But things have not really been smooth sailing ever since. Check out some highlights below:

• After hitting all-time highs in April, SafeMoon (SFM) has lost nearly 90% of its value

• In December alone, the coin has seen a monthly plunge of over 50% albeit it’s repairing some of these losses.

• Unlike other meme coins, SafeMoon (SFM) is adding more utility, including an Android and iOS version of its SafeMoon wallet.

Data source: Coinmarketcap.com 

SafeMoon (SFM) – price prediction and analysis

The biggest question for most investors right now is whether SafeMoon (SFM) can replicate the explosive growth it showed in 2021. During its peak in April, the coin had in fact managed to deliver an ROI of nearly 45,000% since its inception. Headwinds in the broader crypto market have seen SafeMoon (SFM) plummet from those April highs. 

At the time of writing, the coin was trading at $0.001668, down 7% in intraday trading. It’s very unlikely that we will see any major surge this year. But as SafeMoon continues to add more utility features into its ecosystem, the coin could become much more valuable in the long run.

Should you buy SafeMoon (SFM)?

It is important to note that SFM is still a meme token. Yes, we are seeing more utility features coming into the ecosystem but they are not nearly as valuable as, for example, something like Solana (SOL). 

For this reason, SFM is prone to wide volatility and should be viewed as a short-term speculative asset right now. For investors who want to ride any bullish uptrend in 2022, this is the ideal time to buy SFM. But for long term value, it’s very hard to see any upside.

The post Can SafeMoon (SFM) replicate its 2021 explosive growth next year? appeared first on Coin Journal.

Despite showing decent upward momentum in recent weeks, Helium (HNT) has started to lose steam. Although the coin is still on the green, the uptrend is now teetering and could all-together come to a halt. Technical indicators suggest a short-term decline. More details to follow but first, some highlights:

• Despite losing some of its upward momentum, Helium (HNT) is still about 7% up over the last 7 days.

• At the time of writing, the coin had taken a 7% plunge in intraday trading, selling for around $37.92.

• Helium (HNT) is also now below its 200-day Simple Moving Average, showing a bearish trend.

Data source: Tradingview.com 

Helium (HNT) – Price prediction and analysis

Most coins in the broader crypto market have benefited from the Santa rally we saw on Christmas. But it seems Helium (HNT) won’t be holding this momentum for long. After surging past the $41 mark, the coin has reversed some of those gains, pushing below its $40.92 support line. 

The price could continue well into $35. We expect Helium (HNT) to try and consolidate around that price. However, if we slip below $35, then a bearish downtrend could be on the cards. 

Besides, Helium (HNT) is also trading below its crucial 200-day Simple Moving Average. One big upside is the RSI. In the last seven days, it has shifted from overbought to neutral. This could suggest that there is still buying strength coming in.

Should you buy Helium (HNT)?

It depends on your investment goals. In case you are a short-term speculative trader, perhaps this is not the right time to buy Helium (HNT). It could be heading to a downtrend, and you don’t want to enter the trade now. But for long-term investors, wait some days for a decent dip in the price and buy it. There is still so much long-term value to be unlocked with Helium (HNT).

The post Helium (HNT) teeters after recent surge – Here is why the bullish run is about to end appeared first on Coin Journal.