- John Karony, CEO of SafeMoon, affirms that the V2 contract is ready and currently undergoing quality checks.
- SafeMoon holders expect a massive price rally in response to the V2 launch.
- The V2 upgrade is likely to boost the utility of the token and change the consolidation formula.
- SafeMoon CEO destroys uncertainty around the V2 launch at AIBC Summit.
SafeMoon won the “Crypto Community of the Year” award at the AIBC Gaming Summit in Malta. The token is set to be upgraded to V2. SafeMoon is on its way to gaining wider adoption and an increase in use-cases for the token.
Analysts expect SafeMoon price rally to $0.00050000 in the ongoing bull run
The SafeMoon V2 upgrade is considered an opportunity to make the cryptocurrency a top contender among tokens. The upgrade will likely attract new users to the SafeMoon ecosystem and propel the token’s price higher.
The token has posted a nearly 6.9% gain following the upcoming V2 upgrade and the AIBC award. SafeMoon is trading at $0.00000341, and the 24-hour trade volume has crossed $10.7 million.
SafeMoon market capitalization has crossed $1.9 billion, and analysts have predicted a 17% price rally in the token.
Bob Mason, a cryptocurrency analyst, expects the token to hit $0.00000400 based on the recent price trend. Mason has predicted a trend reversal in SafeMoon price and a 17% price rally in the ongoing bull run.
SafeMoon team recently posted an update on the V2 upgrade informing users that the contract is ready and the project has moved to the quality assurance stage.
#SAFEMOON V2 status update:
— SafeMoon (@safemoon) November 14, 2021
- Working on making it a seamless, simple experience
- 2-click consolidation process
- Also a web-swap option available
- In final QA process#SAFEMOONSUNDAY
The project has notoriously missed deadlines previously for its app launch, and there is uncertainty surrounding the upcoming V2 upgrade. John Karony, CEO of SafeMoon, addressed the fear and uncertainty in his keynote address at the AIBC Summit.
SafeMoon’s upgrade would implement a 1000:1 consolidation (similar to a reverse stock split) and increase the security and accessibility of the token.
Ahead of the V2 launch announcement, SafeMoon app downloads have crossed 1 million alongside the addition of 700,000 new token holders.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Dogwifhat price pumps 5% ahead of possible Coinbase effect
Dogwifhat (WIF) price recorded an uptick on Thursday, going as far as to outperform its peers in the meme coins space. Second only to Bonk Inu (BONK), WIF token’s show of strength was not just influenced by Bitcoin (BTC) price reclaiming above $63,000.
Runes likely to have massive support after BRC-20 and Ordinals frenzy
PUPS, WZRD, and PEPE are gaining liquidity through Bitcoin Ordinals. Creator of Bitcoin’s Ordinals protocol is debuting a new fungible token standard to rival BRC-20, Runes.
Ethereum shows firm support at key level as its correlation with US indices increase
Ethereum's price continued a sideways movement on Thursday as the market still awaits a trigger. Ethereum isn't alone in this horizontal trend; several major index funds have also traded sideways.
Mango Market attacker convicted of fraud and market manipulation
Mango Market attacker Avi Eisenberg was convicted by a federal jury on Thursday for "fraudulently obtaining" funds from the Solana-based decentralized exchange (DEX). He could face up to 20 years in prison for his role in the $110 million attack.
Bitcoin: BTC’s rangebound movement leaves traders confused
Bitcoin (BTC) price has been hovering around the $70,000 psychological level for a few weeks, resulting in a rangebound movement. This development could lead to a massive liquidation on either side before a directional move is established.