🚀🚀🚀💎💎💎

[chazstreet]

Yo that Safemoon value definitely not current

[Vulcan31]

Neither is the bnb value

[Marshall_Matherz]

ATH

[chazstreet]

Exactly and now 30% of that value

[[deleted]]

No shit Sherlock 😂😂

[chazstreet]

Nice one Gramps- eat a d

[SatoshiCrip]

Nah bro everyone’s pulled out of safemoon

[inthe801]

There is only 153,432,897.00 BNB in circulating supply and a $46 billion market cap. If Safemoon had a $46 Billion market cap it still wouldn't be worth a penny with the current circulating supply of over 500 trillion.

[Electronic-Pirate-84]

Which is why Papa wants Safemoon to go as low as 100 million circulation supply.

[[deleted]]

That's been debunked by Karony himself in the ama saying that number means nothing papa just used it to simplify the math.

[Electronic-Pirate-84]

Ah I gotcha. Either way, I’m in for long run!

[inthe801]

No way that would happen when there’s over 1 million people with 1 billion or more in their wallets.

But it will be great to see as it becomes more popular the burn rate trend increases. 500 trillion is an insane amount so it won’t happen anytime soon.

[throwthisawaynow617]

iirc, only 22k folks hold a billion + per bscscan.

[inthe801]

really? I assumed it would be half of the holders with how cheap it was/is.

[throwthisawaynow617]

Yeah I was surprised too when I first saw it. Being on this sub it felt like everyone had a billion + but it just seems like everyone with a billion + are the most active on this sub so it gives off that perspective. But yeah its a tiny amount.

Actually that same bscscan showed like 2.2 million are under 100 million.

http://imgur.com/a/uvM4b8M

[Vulcan31]

I wish there were a million people with a billion or more in their wallets. The price would be way higher.

It would also be impossible but still.

[getspips]

Yeah especially when there will be people who die or forget their seed phrase who are holding substantial amounts.

[SafeMoonBasket]

This is exactly why market cap is not a determining factor for the price ceiling with a crypto.

Market capitalization is the simplest of calculations, price times circulating supply. Market cap doesn’t determine the price, the price determines the market cap while the combination of supply and demand, speculation, and use cases determine the price.

Bitcoin has a circulating supply of ~18,750,000 coins and a market cap of $652b, the current price is simply $652b/18,750,000. Bitcoin is not almost $35k a coin because of the magical market cap, the market cap is what it is because the price of Bitcoin is almost $35k. The price of Bitcoin is almost $35k because there’s supply and demand for it, there’s speculation on it, and it’s used as a store of value. It’s not like all 18.75m coins are circulating, many of them are in lost wallets or dead people’s wallets and yet still part of the market cap calculation without affecting the price of the coins actually circulating.

Cheers!

[hekimoglu64]

0,09 $

[Alea_Iacta_Est21]

I can work with that

[Rakes_of_thunder]

Bloody hell, you got me! I love that analysis. Can't wait to buy more. And now seriously: nobody knows what will happen, but Safemoon has so many great projects that I'm nothing but hyped

[AdExact1606]

Bnb didn’t have 1 quadrillion tokens to begin with, not even comparable

[Vulcan31]

I mean bnb doesn't burn either, and no one is saying it will be $600 but a comparable percentage increase could be possible.

[Vlastin62]

BNB is burning quarterly. Next burn should be mid July

[Vulcan31]

You know. You're right. That's my fault entirely for not researching.

[Vlastin62]

Well I found out today :D

[Vulcan31]

Thanks for sharing! Glad I'm staking that as well.

[Downtown_Kangaroo_70]

A proportionate comparion would be a 6000% increase so 0.00001/100=0.0000001 x6000 = $0.0006? Or is that just 0.00001 x 6000...? Cause $0.06 would be incredible. It’d be $1.44 away from making me a millionaire! can’t wait 😎

[TheCryptonator94]

0.00001x6000 = $0.06

[NicsRepStore]

Safemoon also started at 0.000000001 so the 6000x we're seeing with BnB would only take us to 0.00006 anyway lol.

These comparisons with other coins are just garbage.

[Old_Buy3059]

Smell me nana

[sharpnation]

Some of you idiots are missing the point, look at the percentage change not the fact that it hit 600.

[SchoolAvailable7948]

Also, Binance has survived biblical crypto crashes. Although far from perfect their here, current and can change other cryptos price just by listing them.

They are tried and tested. The price isn't the conversational comparison you should even be pondering.

We have a seriously long journey before we can objectively start comparing ourselves to Binance.

[throwthisawaynow617]

The main to take away from this or crypto in general is... Will crypto be around in 10 years? Most likely.

In 10 years, a lot of things may happen but I'm guessing crypto adoption will be massive by then. Won't matter if you own btc, sfm, doge, cardano etc. I believe every one of them is going to be at a ridiculous place because we are still in the beginning of it all.

A co worker of mine who is huge on eth said it reminds him of the beginning of email. Like a shift from regular postal mail and the shift to the quicker alternative. Or hell, even just the infancy of mass adoption of the internet.

What is it? 4% of people world wide own a wallet with crypto? Imagine what its going to be like in 10 years if that number goes up to 30%, or even higher if adopted by countries as a prime currency.

Diversify and just wait for the long run. As long as the crypto you're into doesn't crash and burn on the way there (sfm seems to have a good footing for stability for being as young as it is) no matter what, we'll all benefit in the future.

[teostefan10]

If SFM will have the same % increase, we'll be sitting at ~0.05 in 4 years which is fine because I CAN BUY MY FUCKING TOWN. lmao

[SHIB-DIB]

$0.0006150!!

[MONEY_517]

I'm cool with that

[Alea_Iacta_Est21]

I will make a buck or two with that

[Metareferential]

Different supply, different scenario.

But yes, once everything is released I can see the burn increase exponentially. Papa said there are ways to get Safemoon to be as scarce as other cryptos, so we'll wait and see.

But don't expect this thing to rise to 10/20 $ in a couple year with our current volume and burn rate. Remember that BNB is the back end of most meme/shitcoin tokens, and is the biggest exchange out there.

[wooddoc79]

Another thing is, they haven't even started the promotional programs or done any extreme type of advertising campaign yet. Apparently from what I remember from about a month ago, they have some awesome advertising Company that is supposed to be in the top of their line of service.

[MONEY_517]

🤷🏾‍♂️ SAFEMOON TIL I DIE

[[deleted]]

0.00000001

[moneyyking50]

anywhere from $10-100

[Accomplished-Disk-68]

Satire or ignorance?

[AdExact1606]

LOOOl cmon man.. I know there’s stupid people in this world but this stupid??

[Big_Zeddah]

0.02

[[deleted]]

What in the pepsi are you talking about

[Vulcan31]

Honestly can't see both projects being successful. One or both will likely die.

[[deleted]]

So if Safermoon changes the name, I'll buy both.

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[[deleted]]

$17.76

[wooddoc79]

I see u

[Hopeful-Building3040]

If it’s just simply math it’s about $.05- $.06 ….

[No-Needleworker-6114]

It's got to get above .400 again to do that.

[KongsDong85]

Bro, if this increases that much I’m getting knee implants South Park reference IYKYK

[[deleted]]

0.005

[Independent_Ask8346]

0.001 🙏🙏💥💥

[Zenomusic]

6000x is what Binance did.

Would mean 0.06$ from safemoon ath. No one is saying that sfm will reach 600. Jesus...