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TürkçeSafePal Information
SafePal is a popular cryptocurrency wallet that aims to provide users with a secure and user-friendly platform for managing their digital assets. Known for its hardware and software solutions, SafePal supports a wide range of cryptocurrencies, offering versatility for its users. With a focus on security, it has quickly gained the trust of the crypto community by integrating powerful encryption and multiple layers of protection.
Understanding SafePal: A Comprehensive Guide to Its Journey and Future Prospects
SafePal, identified by the symbol SFP, is a prominent player in the ever-evolving cryptocurrency market. As a project that has captured attention for its practicality and community-driven initiatives, it's crucial to analyze both the triumphs and challenges faced by this digital asset.
The Genesis and Evolution of SafePal
SafePal emerged as a significant project aimed at providing secure and user-friendly cryptocurrency management solutions. Launched to address security concerns, it offers a hardware wallet that integrates seamlessly with its mobile and desktop applications, ensuring that users can manage their assets without compromising safety.
The All Time High (ATH) of SafePal was recorded at $4.19 on February 9, 2021, reflecting its potential to capture investor interest during bullish market conditions. However, like many cryptocurrencies, it has experienced volatility, with its price adjusting to market demands and shifts. As of the latest data, the price hovers around $0.723037, indicating a substantial decrease of over 82% from its ATH.
Advantages of SafePal
Among the core advantages of SafePal is its commitment to security. The comprehensive security features of its hardware wallets make it a formidable option for users seeking protection against hacks and unauthorized access. Additionally, its user-friendly interface attracts both new and experienced users, simplifying asset management across various blockchain platforms.
Furthermore, SafePal enjoys a dedicated community that drives development and adoption. Community engagement initiatives have bolstered its reputation as a project that values its users and actively responds to feedback to improve its offerings.
Challenges and Drawbacks
Despite its innovative approach, SafePal faces certain challenges. Market volatility remains a pressing issue, impacting investor confidence and demand for SFP. The decline from its ATH highlights the susceptibility of cryptocurrencies to broader market corrections and sentiment shifts.
Moreover, the competitive landscape in the crypto wallet sector presents challenges. With numerous competitors offering similar solutions, differentiating and maintaining a unique value proposition is critical for SafePal's sustained growth.
Past Performance and Financial Insights
The performance of SafePal has been reflective of broader market trends. The coin reached its All Time Low (ATL) of $0.269235 on June 14, 2022, rebounding significantly since then with a rise of approximately 169%. Despite recent price changes, SafePal maintains a market cap of over $352 million, with a total volume near $4.9 million, indicating active trading and liquidity.
Future Outlook: What Lies Ahead for SafePal?
Looking forward, SafePal's prospects appear cautiously optimistic. The continued focus on enhancing security and expanding its ecosystem could attract more users. Strategic partnerships and technological advancements are likely to drive its adoption further.
Yet, the ever-changing regulatory environment and evolving market dynamics must be navigated carefully. How SafePal adapts to these challenges will be crucial in determining its trajectory. The cryptocurrency market's inherent volatility is both a risk and an opportunity, and SafePal's ability to leverage the latter will shape its future success.
Final Thoughts
SafePal stands as a testament to the dynamic nature of the cryptocurrency sphere. While facing its share of challenges, it also presents significant potential, thanks to its security-centric offerings and active community support. As the cryptocurrency space matures, projects like SafePal could play vital roles in fostering trust and advancing mainstream adoption.
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from price
$1
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General Information |
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Title
SafePal
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Symbol
sfp
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Whitepaper
-
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Website
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Community
-
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Last Updated
2025-02-01 23:51
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Price Data |
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Current Price $
0.668223
$
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High 24h
0.70163
$
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Low 24h
0.666192
$
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Price Change 24h
-0.022003105664825
$
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Price Change % 24h
-3.18781
%
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Market Data |
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Market Cap
325631777
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Total Volume
9497841
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Market Cap Change 24h
-10369952.954691
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Market Cap Change % 24h
-3.08628
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
487500000
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Total Supply
500000000
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Max Supply
500000000
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Historical Data |
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All Time High (ATH)
4.19
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ATH Change %
-84.05028
%
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ATH Date
2021-02-09 18:30
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All Time Low (ATL)
0.269235
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ATL Change %
148.07056
%
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ATL Date
2022-06-14 02:06
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