Crypto has had an eventful decade. When bitcoin (BTC) broke $1,000 in 2017, it kicked off an immense bullish run, creating a buzz around cryptocurrencies. Today, many are hoping that Safelight price can take the same trajectory.
On the surface, this looks like quite a stretch. But so did bitcoin in July 2010 when its price was a measly $0.09. If we’ve learned one lesson from Bitcoin (biggest gainer ever) and Etherstones (biggest loser), it’s that the price of a coin can shoot in any direction.
And with the Safelight coin still gaining attention from investors, it may well be worth a second thought. The question is, is it a good investment? We give you a full Safelight profile to answer this and more questions.
What is Safelight Crypto?
Safelight is a cryptocurrency token that operates on the BNB Smart Chain (BSC) platform. Besides being a liquidity generating protocol, it is intended to be an autonomous yield token. In other words, it may be used to earn interest or rewards from smart contracts.
Here’s a good example where Safelight is implemented as an ERC20 smart contract. The contracts Safelight creates can be used for a myriad of purposes, including in tokenized assets and smart property. It is, therefore, a practical and applicable crypto coin.
Currently, Safelight has a total supply of 1,000,000,000,000,000. But it is subject to token burns, which occur on each transaction. The coin charges 10% on every transaction. The first 5% is automatically locked in liquidity and the other 5% is distributed to HODLers.
This has three effects. First, Safelight coin rewards its loyal HODLers. The passive income gives buyers every reason to keep the coin once they buy it.
Secondly, a coin burn on every transaction means that the total supply will go down. The more this happens, the scarcer Safelight becomes. This can be a good thing for its price in future.
Finally, every transaction also creates a 5% liquidity that is automatically locked on the BSC. Because of this, “rug pull” is impossible with Safelight.
History of Safelight Crypto
Compared to many other coins and tokens, the Safelight project is fairly new. It was launched on April 6, 2021. Thanks to its vibrant community, Safelight coin took off almost instantly.
In the same month of April, the token’s smart contract was audited to ascertain that it’s free of errors and vulnerabilities. Ownership was renounced, which meant that Safelight was formally decentralized.
It was then listed on CoinMarketCap as an untracked coin before making a first appearance on Coinsbit. The month of May saw more listings (Coingecko and Probit). Within two months of its ICO, the Safelight coin had 37,501 holders and 106,128 transfers.
Safelight today is listed on multiple coin-tracking websites and platforms. And while that is good, the creators took down the official Safelight websites (safelightcrypto.com & safe-light.info) and social media pages.
Therefore, apart from third-party crypto sites, there’s no official place to get Safelight crypto news and updates. But there are some community Safelight groups on Facebook for HODLers.
Safelight Crypto Today
As of publication date, Safelight ranks 7,865 in popularity and 6,727 in market cap among cryptocurrencies. It still maintains a maximum supply of 1,000,000,000,000,000.
The live Safelight price today is $0.0000000003085. This is a -0.32% drop in the last 24 hours. You can find the current price on CoinMarketCap.
Safelight today is -1.29% below its 7-day all-time high price of $0.0000000003126. But it is 19.30% higher than its 7-day all-time low of $0.0000000002586. Here’s the Safelight USD chart:
Safelight today is active on two markets, PancakeSwap (V2) and PancakeSwap, with a total of $496,732.03 traded in the last 24 hours. However, the current supply is 0, and so is the trading volume.
Safelight Price Prediction
The following statements do not, by any means, provide financial or investment advice. They are entirely intended to provide general information on Safelight cryptocurrency. Please note that you need to take these predictions as only suggestions of future Safelight price movements based on past, current and anticipated market conditions.
Compared to other crypto assets, Safelight prices are a bit challenging to predict. That is because so far, the token is extremely sensitive to market conditions. Nonetheless, our experts have still managed to come up with a solid Safelight crypto price prediction.
The first thing to keep in mind is that the current Safelight market cap is 0. This implies that it is not yet valued that highly by crypto enthusiasts. The flipside is that there’s plenty of room for growth, more so if it gets some buzz in the future (as was the case with Dodgecoin).
Nonetheless, Safelight coin price is on an upward trend this week. It has risen by 18.49% over the past seven days.
Last month, Safelight traded at a high of $0.00000000046897, which was an overall growth of 40.3%. This is the type of aggregate increase in Safelight price crypto experts are anticipating in the long-term. In fact, many tout it to maintain a bullish run year-on-year.
Safelight USD Price Prediction
Safelight is a pretty volatile coin. Monthly and daily prices are likely to fluctuate.
In January 2023, for instance, Safelight crypto price prediction suggests that it will average $0.00000000037. That is slightly higher than the current live price ($0.0000000003085), yet it’s still lower than December’s high of $0.00000000046897.
Such fluctuations are to be expected. And while the average Safelight coin price for 2023 is likely to anchor at the $0.00000000068 mark, there will possibly be lows of $0.00000000013 (most likely in January) before Safelight breaks $0.0000000010 later in the year (possibly in October).
As for the next nine years, here’s the predicted Safelight price chart:
|Year||Minimum Price||Average Price||Maximum Price|
Does Safelight Crypto Have Future?
In a word, “yes.” Safelight seems to have a future because of its tremendous potential. That potential is the reason why some people are drawn to the token.
When it started out, it was ranked 8,086 in the crypto market. Today, Safelight has gained multiple positions and is now ranked 6,727. In short, more and more people are accepting this crypto coin. And with Safelight price predictions suggesting a steady rise year-on-year, it’s safe to say it will be accepted even more.
The fact that it’s an autonomous yield token also makes Safelight one to watch for the future. Such coins have immense potential for growth because they have real-life applications. Once smart contracts and tokenization go mainstream, it will be a matter of time before autonomous yield tokens become the main currency of exchange.
One negative trend can hurt your portfolio, particularly if you invest heavily or solely in Safelight. That’s why it’s a better idea to diversify your portfolio by holding other crypto assets as well. If Safelight gains, then you earn more; if it loses, then you may still earn from your other coins.
Is Safelight a Scam?
Safelight is a legitimate crypto token. But it has a highly checkered past.
Before the current token was released in April 2021, there was a previous Safelight coin that had been created by the same owners. This preceding coin was, in fact, a rug pull that ultimately crushed and cost investors their money.
The new Safelight tries to seal the loophole of the previous coin. For example, the 5% liquidity and 5% reward to HODLers are intended to prevent a rug pull scenario. Whether or not this will work remains a speculation.
That said, Safelight’s dirty history still lingers on. It doesn’t help that the owners took down the token’s official websites and social media pages.
How to Buy Safelight Crypto?
You can buy Safelight from PancakeSwap (V2) and PancakeSwap. These are the two markets where it’s active. Today, a total of $496,732.03 worth of Safelight has been traded on the two platforms. Please, also pay attention that PancakeSwap says when you try to buy SafeLight: “If you purchase an arbitrary token, you may be unable to sell it back.”
That said, it’s a generally hard token to obtain because it’s not available on the Coinbase ecosystem. But if you can access PancakeSwap (V2) and PancakeSwap, then you may get your hands on this token. Below is a two-step guide on how to buy Safelight crypto:
- Head over to PancakeSwap (V2) or PancakeSwap and search for Safelight (SAFELIGHT). Select it and pick a currency to pair. Many people go with Safelight USD, but you can choose any other currency available at Pancake.
- Place your purchase. This will transfer Safelight to your wallet in exchange for your USD.
Overall, Safelight is a coin that has potential because of its autonomous yield nature. However, the creators have a history of scamming investors with their previous coins.
Therefore, if you are thinking of investing in it, you will gain from being cautious and strategic. For example, you could use it to diversify your portfolio rather than making it your primary crypto asset.
Generally, it is more promising in the long-term than short-term.
Cropty.com does not provide financial advice, any information available on this website is ‘general’ in nature and for informational purposes only. Do not use it as a guidance for investments.
What is Safelight Crypto?
Safelight crypto is an autonomous yield token that operates on the BSC platform. It is a liquidity generating protocol that earns HODLers 5% on each transaction.
How much is Safelight Crypto?
Safelight coin price today is $0.0000000003085. You can find the current price on CoinMarketCap.
Is it safe to invest in Safelight Crypto?
While there’s no way of being absolutely certain, it is safer to invest in Safelight in the long-term than in the short-term. That’s because year-on-year prices are on the rise, despite the coin’s short-term price fluctuations.