SafePal Price Prediction 2023-2030: Will SFP Price Hit $1 Soon?

Last Updated:
SafePal-SFP-Price-Prediction
  • Bullish SFP’s price prediction ranges from $1.0927 to $1.2522.
  • Analysis suggests that the SFP price might reach $1.4 soon.
  • SFP’s bearish market price prediction for 2023 is $0.3047.

SafePal is a blockchain project that was launched in 2018. The native token of the SafePal community is called SFP.

SafePal cryptocurrency wallet is a free, secure, decentralized, and easy-to-use application for managing over 10,000 cryptocurrencies. With the SafePal app, you can easily store, send, receive, buy, and trade cryptocurrencies while enjoying a smooth and intuitive user experience.

If you are interested in the future of SafePal (SFP) and want to know the price analysis and price prediction of SFP for 2023, 2024, 2025, 2026, and up to 2030, keep reading this Coin Edition article.

SafePal (SFP) Market Overview

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What is SafePal (SFP)?

SafePal is a cryptocurrency wallet developed in 2018 to assist customers in protecting and growing their digital assets. SafePal, the first hardware wallet funded in and endorsed by Binance, delivers hardware and software wallets that are completely connected and controlled via the SafePal App.

The SafePal wallet supports a wide range of popular crypto-assets including tokens on the Ethereum, Binance Smart Chain, and TRON. According to SafePal, users may store, manage, exchange, trade, and develop their portfolios without jeopardizing asset security.

SafePal has expanded dramatically since its introduction in 2018, with over 3,000,000 users in 196 countries worldwide. More information is available on the SafePal Official Website.

SafePal’s mission is to provide consumers with secure hardware wallets at a reasonable price. Bitcoin, Ethereum, and Binance Coin are just some cryptos that may store in the wallet. The wallet’s native token, SFP, is a utility token utilized for various purposes, including but not limited to discounts, user incentives, and other uses.

The SFP token is a BEP-20 token that may move to any Binance Smart Chain-compatible wallet and may be used to buy goods and services and as a medium of exchange for other assets. Aside from being a payment token, SFP is also the governance token for SafePal, allowing its holders to propose and vote on changes to the SafePal product line, such as integrating other blockchains.

Users may control their SafePal Hardware Wallet and SafePal Software Wallet using the SafePal App. SafePal Software Wallet is an encrypted, decentralized mobile wallet that facilitates importing, recovering, and managing digital assets and wallets.

SafePal’s Wallet Holder Offering (WHO) is an effort to show appreciation for its customers by facilitating their access to the airdrop tokens from SafePal’s ecological partners in a safe, decentralized, and straightforward. SafePal Wallet users must have SFP tokens in their SafePal wallets to participate in the offering. The minimum number of SFP tokens needed to take part will depend on things like the offering’s reward structure, how complex the tasks are, and how long they will take to finish.

The SafePal community may learn about new cryptocurrency projects and their latest developments using the SafePal GiftBox. A tool included in the SafePal Wallet app. Users will reward participants with cryptocurrency. Tokens or NFTs may be distributed directly to consumers.

SafePal (SFP) Current Market Status

The maximum supply of SafePal (SFP) is 500,000,000 SFP, while its circulating supply is 420,833,333 SFP, according to CoinMarketCap. At the time of writing, SFP is trading for $0.6217, after witnessing a 24-hour fall of 1.78%. The trading volume of SFP in the past 24 hours is $11,385,148, representing an 189.42% increase.

Some top cryptocurrencies exchanges for trading SafePal (SFP) are Binance, KuCoin, PancakeSwap, Gate.io, Bidget, LBank, and others.

Now that you know what SFP is and its current market status, we shall discuss the price analysis of SafePal (SFP) for 2023.

SafePal (SFP) Price Analysis 2023

Currently, SFP is ranked in the 134th position on CoinMarketCap. Will developments and upgrades within the SafePal community lead to a rising SafePal (SFP) price? We shall see this in this CoinEdition price analysis 2023 article.

SafePal (SFP) Price Analysis – Bollinger Bands

The Bollinger Bands is a technical analysis tool that is used to analyze price movement and volatility. Bollinger Bands (BB) utilizes the time period and the stand deviation of the price. Normally, the default value of BB’s period is set at 20. The upper band of the BB is calculated by adding 2 times the standard deviations to the Simple Moving Average (SMA), while the lower band is calculated by subtracting 2 times the standard deviation from the SMA. Based on the empirical law of standard deviation, 95% of the data sets will fall within the two standard deviations of the mean.

SFP/USDT 1-Day Chart Showing Bollinger Bands (Source: TradingView)

The candlesticks recently observed a surge that drove SFP to the top-half region of the Bollinger Bands. Moreover, the candlesticks are making a price action in the top half of the Bollinger Band as it gradually rises slowly. However, it seems that the volatility may reduce over time as the lower band moves upwards, which could reduce its distance from the upper band. During the low volatility period, the price action could be relatively stable. Another speculation could be that the bands are moving in closer for a Bollinger squeeze and expand later.

SafePal (SFP) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a momentum indicator utilized to find out the current trend of the price movement and determine if it is in the oversold or overbought region. Traders often use this tool to make decisions about when to buy or sell the tokens. When the RSI is often valued below or at 30, it is considered an oversold region, and a price correction could happen soon. Moreover, when the RSI is valued above or at 70, it is considered as the overbought region, and traders expect the price could fall soon.

SFP/USDT 1-day Chart Showing RSI (Source: TradingView)

The RSI has been up and down near its SMA, meanwhile, its SMA is gradually moving upwards. Although the RSI crossed the SMA several times, the bearish crossover could be a sign of an incoming fall. However, after observing the previous action of RSI, it is still too early for the traders to speculate whether a bearish sentiment could be imminent. When it comes to the RSI bands, the candlesticks are in the top-half region. 

SafePal (SFP) Price Analysis – Moving Average Convergence Divergence (MACD)  

The Moving Average Convergence Divergence (MACD) indicator can be used to identify potential price trends, momentums, and reversals in markets. MACD will make the reading of a moving average cross easier. The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA. Normally, the default values for the MACD are set at 12-day EMA, 26-day EMA, and 9-day EMA. Moreover, MACD is considered a lagging indicator as it cannot provide trade signals without any past price data. MACD plays an important role as it can confirm the trends and identify potential reversals.

SFP/USDT 1-Day Chart Showing MACD (Source: TradingView)

The MACD shows green bars forming, a positive sign often viewed by traders. The MACD line staying above the signal line highlights the presence of the bulls in the market. However, the MACD is pointing downwards right now and there seems to be less space between them. This could be another indication for traders that the MACD could make a bearish cross soon. Traders need to wait for further confirmation before confirming their trade.

SafePal (SFP) Price Prediction 2023 – 2030 Overview

YearMinimum PriceAverage PriceMaximum Price
2023$0.3047$0.686$1.0927
2024$1.889$3.593$4.949
2025$5.018$5.541$6.678
2026$6.779$7.302$8.439
2027$8.670$9.193$10.330
2028$10.608$11.131$12.268
2029$14.803$15.326$16.463
2030$16.805$17.328$18.465
2040$36$40$44.8
2050$75$84$92

SafePal (SFP) Price Prediction 2023 

SFP/USDT 1-Day Chart (Source: TradingView)

Observing the SFP/USDT 1-day chart, the candlesticks have been bullish patterns as it saw a surge after the formation of the pattern was complete. Despite experiencing bullish patterns in the past, the candlesticks would often remain within the $0.6868 level and the $0.3898 level. 

After witnessing a double top, rising wedge, and bullish flag patterns, the price spiked once again and crossed the $0.6 level. However, this time SFP seems to be trading in a rising wedge pattern, hence, traders could expect a reversal from its current bullish trend. The $0.4941 support could be the ideal place where the candlesticks could fall back after observing the previous price action.

Meanwhile, the price prediction of SFP for 2023 remains to be bullish and is expected to reach beyond the level of $1.0927. The bearish price prediction range for SFP is between $0.3047 to $0.2597. SFP’s price could also reach $1.8955 if it experiences an extremely bullish sentiment.

Bullish Price PredictionBearish Price Prediction
$1.0927 – $1.2522$0.3047 – $0.2597

SafePal (SFP) Price Prediction 2023 – Resistance and Support Level

SFP/USDT 1-Day Chart (Source: TradingView)

The chart reveals that the candlesticks have hit the weak resistance level once again. However, after analysis, the candlesticks may begin to face a reversal in their price, ultimately dropping back to their support level. If the candlesticks fall back to the $0.4829 support level, then SFP could surge again and break through several different levels of resistance. It should be noted that the increasing number of bullish patterns could indicate a positive future for SFP despite the slight downfalls it may face.

SafePal (SFP) Price Prediction 2024

The Bitcoin supply will be cut in half by 2024. Consequently, we should anticipate a favorable market trend due to user sentiment and investors’ desire to acquire more of the coin. Due to the impact of Bitcoin’s price swings on the value of other cryptocurrencies, it is reasonable to anticipate that SFP will be worth at least $4.889 by 2025. 

MonthMinimum PriceAverage PriceMaximum Price
January 20241.8892.3102.333
February 20242.1312.4312.760
March 20242.2062.5562.916
April 20242.7553.0753.598
May 20243.1723.5933.614
June 20243.7893.8123.872
July 20243.8473.8723.895
August 20243.4343.9463.967
September 20244.0154.0364.096
October 20244.2534.2764.299
November 20244.5244.5494.570
December 20244.7694.8894.949

SafePal (SFP) Price Prediction 2025

If most cryptocurrencies can overcome psychological barriers in the aftermath of Bitcoin’s price halving in 2024, we can expect SFP to trade at a premium to its 2024 pricing. As a result, SFP may be worth roughly $6.618 by the end of 2025.

MonthMinimum PriceAverage PriceMaximum Price
January 20255.0185.0395.062
February 20254.8605.1605.189
March 20254.9355.1855.245
April 20255.1845.3045.327
May 20255.3015.3225.343
June 20255.5185.5415.601
July 20255.5765.6015.624
August 20255.1635.6755.696
September 20255.7445.7655.825
October 20255.9826.0056.028
November 20256.2536.2786.299
December 20256.4986.6186.678

SafePal (SFP) Price Prediction 2026

As more and more institutional investors flock to the SFP platform, the cryptocurrency price will likely fall after a prolonged bull run ends in 2026. It would be a significant reversal of the trend, suggesting that the price of SFP may reach $8.839 by 2026, even though the coin has generally depreciated during the same period. 

MonthMinimum PriceAverage PriceMaximum Price
January 20266.7796.8006.823
February 20266.6216.9216.950
March 20266.6966.9467.006
April 20266.9457.0657.088
May 20267.0627.0837.104
June 20267.2797.3027.362
July 20267.3377.3627.385
August 20266.9247.4367.457
September 20267.5057.5267.586
October 20267.7437.7667.789
November 20268.0148.0398.060
December 20268.2598.3798.439

SafePal (SFP) Price Prediction 2027

The halving of Bitcoin in 2028 will likely trigger a bull market. As a result, if investors remain hopeful, the price of SFP may continue to rise and may even breach previously established hurdles. SafePal (SFP) may be worth $10.270.

MonthMinimum PriceAverage PriceMaximum Price
January 20278.6708.6918.714
February 20278.5128.8128.841
March 20278.5878.8378.897
April 20278.8368.9568.979
May 20278.9538.9748.995
June 20279.1709.1939.253
July 20279.2289.2539.276
August 20278.8159.3279.348
September 20279.3969.4179.477
October 20279.6349.6579.680
November 20279.9059.9309.951
December 202710.15010.27010.330

SafePal (SFP) Price Prediction 2028

Bitcoin will be halved in 2028. A bullish run is anticipated before the market settles down in 2027. As a result, SFP’s potential value of $12.208 by 2027 is still being determined.

MonthMinimum PriceAverage PriceMaximum Price
January 202810.60810.62910.652
February 202810.45010.75010.779
March 202810.52510.77510.835
April 202810.77410.89410.917
May 202810.89110.91210.933
June 202811.10811.13111.191
July 202811.16611.19111.214
August 202810.75311.26511.286
September 202811.33411.35511.415
October 202811.57211.59511.618
November 202811.84311.86811.889
December 202812.08812.20812.268

SafePal (SFP) Price Prediction 2029

By 2029, the majority of cryptocurrency values may have been stable for nearly a decade, owing to the application of lessons learned to secure the sustained faith of investors in the project. Because of this effect and the additional price increase that occurs a year after Bitcoin’s price halves, the price of SFP might reach $16.403 by 2029.

MonthMinimum PriceAverage PriceMaximum Price
January 202914.80314.82414.847
February 202914.64514.94514.974
March 202914.72014.97015.030
April 202914.96915.08915.112
May 202915.08615.10715.128
June 202915.30315.32615.386
July 202915.36115.38615.409
August 202914.94815.46015.481
September 202915.52915.55015.610
October 202915.76715.79015.813
November 202916.03816.06316.084
December 202916.28316.40316.463

SafePal (SFP) Price Prediction 2030

The cryptocurrency market was stable because early investors held on to their assets so they would take advantage of future price gains. By the end of 2030, the price of SafePal (SFP) could be around $18.405, despite the bearish market that followed a market boom in the early few years ago.

MonthMinimum PriceAverage PriceMaximum Price
January 203016.80516.82616.849
February 203016.64716.94716.976
March 203016.72216.97217.032
April 203016.97117.09117.114
May 203017.08817.10917.130
June 203017.30517.32817.388
July 203017.36317.38817.411
August 203016.95017.46217.483
September 203017.53117.55217.612
October 203017.76917.79217.815
November 203018.04018.06518.086
December 203018.28518.40518.465

SafePal (SFP) Price Prediction 2040

According to our long-term SafePal price estimate, SafePal prices could reach a new all-time high this year. If the current growth rate continues, we could anticipate an average price of $40 by 2040. If the market turns bullish, the price of SafePal could go up beyond what we predicted for 2040.

Minimum PriceAverage PriceMaximum Price
$36$40$44.8

SafePal (SFP) Price Prediction 2050

According to our SafePal forecast, the average price of SafePal in 2050 might be above $84. If more investors are drawn to SafePal between these years, the price of SafePal in 2050 could be far higher than our projection.

Minimum PriceAverage PriceMaximum Price
$75$84$92

Conclusion: 

SFP might reach $1 in 2023 and $18 by 2030 if investors have decided that SafePal is a good investment, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is SafePal (SFP)?

SafePal is a cryptocurrency wallet developed in 2018 to assist customers in protecting and growing their digital assets. SafePal, the first hardware wallet funded in and endorsed by Binance, delivers hardware and software wallets that are completely connected and controlled via the SafePal App.

How to buy SFP Token?

Like other cryptocurrencies, SafePal (SFP) can be traded in cryptocurrency exchanges like Binance, KuCoin, PancakeSwap, Gate.io, Bidget, LBank, and others.

When was SafePal (SFP) launched?

It was launched in 2018.

Is SafePal a good investment?

SFP has been one of the most suitable investments in the crypto space in the past few months.

What is the current all-time low price of SFP?

SFP has a current all-time low price of $0.2674, according to CoinGecko.

Who is the CEO of SafePal?

Veronica Wong founded SafePal.

What is the maximum supply of SWEAT?

SWEAT has a maximum supply of 500,000,000 SFP.

What will be the SafePal (SFP) price by 2023?

SFP is expected to reach $1.0927 by 2023.

What will be the SafePal (SFP) price by 2024?

SFP is expected to reach $4.949 by 2024.

What will be the SafePal (SFP) price by 2025?

SFP is expected to reach $6.678  by 2025.

What will be the SafePal (SFP) price by 2026?

SFP is expected to reach $8.439  by 2026.

What will be the SafePal (SFP) price by 2027?

SFP is expected to reach $10.330 by 2027.

What will be the SafePal (SFP) price by 2028?

SFP is expected to reach $12.268 by 2028.

What will be the SafePal (SFP) price by 2029?

SFP is expected to reach $16.463 by 2029.

What will be the SafePal (SFP) price by 2030?

SFP is expected to reach $18.465 by 2030.

What will be the SafePal (SFP) price by 2040?

SFP is expected to reach $44.8 by 2040.

What will be the SafePal (SFP) price by 2050?

SFP is expected to reach $92 by 2050.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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