Skip to main content


Price Prediction for Matic (Polygon)

  The price of Matic is inching towards the 15, 20 & 25 moving averages The yellow lines represent the range between which Matic has been trading since July The expectation is for the price of Matic to drop to 0.76 in the next few days Note: Trading decisions should not be based on the opinion in this article, investors should conduct their own due  diligence  before buying the cryptocurrency. This article is purely based on my own research and understanding of the cryptocurrency in the article.

Is It Worth Investing In SAFESTAR Cryptocurrency?


There are a lot of cryptocurrencies circulating on the crypto exchanges as we speak. The cryptocurrency that we will be reading about today has a market rank of 2,732. That shows you the sheer amount of crypt currencies being circulated. My goal is to cover as many cryptocurrencies as possible for my readers so they can make the best investing decision for themselves.

Alright, let's dive into the SAFESTAR cryptocurrency now.

As per the trading charts, it shows that SAFESTAR was launched to trade on 18th March 2021. At that very moment, an investor could buy approximately 123 million coins for a dollar. The coin climbed to its all time high on 6th April 2021, which would have returned $35 on each $1 invested. Sounds enticing and get rich quick investment eh?

However it dropped drastically right after its exponential rise and currently sits at a price slightly higher than its launch price. 

Surprisingly enough, the 24 hour trade volume before the exponential rise was around $3 million on average which might have caused the spike that you see in the chart above. However, during the downslide, the 24 trade volume for the day of the decline was around $20,000. This could mean and an investor holding a large portfolio of the coins decided to exit the crypto and take profits. 
This could also be referenced from a security audit report available on SAFESTAR's website where it lists that the top 100 holders of the crypto have a dominance percentage of 78.4%. 

Assuming that is the case here, it shows how the currency might have been influenced by majority holders of the currency, which in my opinion shows the volatility of the currency and being a risky investment. There could be other reasons to the sudden spike and downfall of the token, but we'll not get into that.

Let's talk about SAFESTAR's earning mechanism. As per SAFESTAR's website, it stats that 'SAFESTAR is a frictionless yield and liquidity generation protocol'. Which means an investor would be able to earn passive income without having to do anything at all.

But how does that work? SAFESTAR charges a 10% fee on its transactions of which 5% is locked into a liquidity pool and 5% is shared among the stakeholders. SAFESTAR claims that the holders will earn up to 80% annual yield percentage - exceptionally higher than any traditional savings account.

Assuming that the claims that SAFESTAR makes are correct and it could be, I am in now way disputing their claims, however for SAFESTAR's mechanism to work and increase the capital wealth of its stakeholders, it needs to keep charging the 10% transaction fee. The only way they can earn more transaction fee is if more investors buy the cryptocurrency. Are the investor's buying the SAFESTAR cryptocurrency?

The ongoing 24 hours trading volume of SAFESTAR is not too promising and the 24 hour trading volume as at 27th April 2021 is down by 8.08%. As per my understanding there are two reasons why an investor might get into a specific cryptocurrency to invest it, either they expect the price to rise exponentially due to speculation or they believe in the work being done on that respective cryptocurrency's blockchain.

To answer the first reason, I don't foresee any speculative pressure pushing the SAFESTAR coin higher anytime soon or maybe in the near future, and as far as the second reason is concerned, as per SAFESTAR's website they have a number of goals listed that they look to achieve in Q2 2021 and Q3 2021, however the only goals they have completed so far are getting listed on an attractive exchange and coming up with a white paper.

With not much clarity on the future of 
SAFESTAR's blockchain and the progress of the crypto along with not too promising trading volumes and the volatility on top of that, SAFESTAR does not qualify for me an a cryptocurrency investment to keep an eye out for. This is solely based on my own opinion of the crypto and could differ from yours. 

Note: Price forecast are predicted using mathematical models and shouldn't be used for investment decisions. Trading decisions should not be based on the opinion in the article, investors should conduct their own due diligence before buying the cryptocurrency. This article is purely based on my own research and understanding of the cryptocurrency in the article.

If you liked my explanation of SAFESTAR, let me know in the comment which currency would you like to know about next.


Buying a cryptocurrency/token has gotten really accessible to the general public. Its as simple as downloading the application on your phone, selecting the coin/token you are looking buy and place a buy order.

Binance is a the world's largest cryptocurrency trading application with a wide variety of cryptocurrencies to choose from. 

It is compatible with multiple devices and safe and convenient to trade using Binance.

Start your journey of being a cryptocurrency investor by registering with Binance today using the link below

Click Here to register with Binance


  1. Great Article. Thank you for providing such a unique and valuable information to your readers. I really appreciate your work. Crypto To Crypto Coin Exchange Platform

  2. The article you've shared here is fantastic because it provides some excellent information that will be incredibly beneficial to me. Thank you for sharing about buy bitcoin Vancouver. Keep up the good work.

  3. Really, this is very important information which is shared by you. This info is meaningful and important for everyone to increase our knowledge about it. Always keep sharing this kind of info. Thank you. Read more info about forex cash rebate

  4. You have given us very important data. It is excellent and informative for everyone. Keep posting always. I am heartily thankful to you. Online Trading Coin Crypto Wallet

  5. The information in the post you posted here is useful because it contains some of the best information available. Thanks for sharing about capital secure investment option. Keep up the good work.

  6. The information you've provided here is fantastic because it provides a wealth of information that is really useful to me. Thank you for sharing about AvaTrade UK Review Online in this blog.

  7. Your blog contains lots of valuable data. It is a factual and beneficial article for us. Thankful to you for sharing an article like intraday tips provider

  8. I found decent information in your article. I am impressed with how nicely you described this subject, It is a gainful article for us. Thanks for share it.Make Money in Stocks


Post a Comment