SafePal is a cryptocurrency wallet that aims to provide a secure and convenient platform for managing cryptocurrency assets. SafePal also provides the ability to interact with DApps.
SFP is a BEP-20 standard utility token of this wallet. This cryptocurrency is used to receive discounts on SafePal commissions and products (in particular, hardware wallets). In addition, it provides the opportunity to earn on the SafePal Earn passive income program, participate in exclusive campaigns and get collectibles from partners, and finally, take part in decentralized protocol management.
Let’s take a closer look at the SFP token according to the data on the CoinMarketCap service:
SafePal was founded in January 2018. Until July 2021, the team was constantly releasing weekly updates on the official Blog. That is how we know that in the first quarter of 2021, the SafePal team managed to implement the S2 Hardware Wallet and SafePal Earn features. From the second quarter of 2021, VeChain, Cardano, and THETA networks are supported. Furthermore, a credit card payment option was added for hardware wallets.
However, SafePal doesn’t have yet a formed roadmap on the official website.
Crypto community about SFP
Many crypto enthusiasts are delighted with the SafePal project and its products, they express their admiration.
The crypto community is eager to keep up with the changes in the price of the SFP token.
But there are also some crypto enthusiasts who are not very optimistic about further prospects of SFP.
SFP Price Prediction 2021
SFP Price Prediction 2022
As of 20/10/2021, analysts at TradingBeasts suggest that the SFP price could reach $2.87 by the end of 2022. Walletinvestor experts believe that at the beginning of 2022 the SFP price may be approximately $2, and by the end of the year it will fall to $0.208. Based on DigitalCoinPrice, the average price at the end of 2022 will be $ 3.17 per token.
SFP Price Prediction 2023
As of 20/10/2021, by the end of 2023, the price of one SFP token could drop to $0.16 according to Walletinvestor. Analysts at DigitalCoinPrice believe that the average price at the beginning of 2023 could be $4.61, and by the end of the year it could drop to $3.94.
SFP Price Prediction 2025
As of 20/10/2021, Walletinvestor analysts suggest that by the end of 2025 the price of the token could fluctuate between $0.06 and $0.07. In turn, DigitalCoinPrice makes a more optimistic forecast. Experts believe that by the end of 2025, the price of the token could be $4.66.
SFP Price Prediction 2030
As of 20/10/2021, according to the CryptoCurrencyPricePrediction service, the SFP price could reach approximately $76 by the end of 2030.
SFP Historical Price Analysis
All time high – $4.39 (Feb 09, 2021)
All time low – $0.2711 (June 14, 2021)
On February 8th 2021, Binance listed SafePal (SFP) and opened trading in SFP/BTS, SFP/USDT, SFP/BUSD pairs. After that, the token reached its all-time high on February 9th 2021.
Then it gradually decreased and eventually reached $1.5. From late March to mid-April, the SFP price fluctuated between $2.6 and $3.4. In mid-May, the price dropped to $2, followed by a sharp dump to $0.75. Until the beginning of August, the SFP price did not reach $1, but then it began to grow smoothly and reached $1.7 at the end of August. And in mid-October, a sharp pump followed and the price again reached almost $3 per token. From that moment on, the price began to gradually decline again.
It is impossible to predict in advance whether SafePal will compete with famous crypto wallet leaders, but this project definitely has a chance of this. SafePal already has many followers and continues to develop software and hardware solutions.
If you’re still looking at the crypto market and want to check more cryptocurrencies, find an example of the LTC to TRX exchange here.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.