Safe

Ethereum

Rally

Gnosis

<ul class="list-ic vertical">
 <li><span>1</span> <a>The total number of weekly SAFE transactions has declined in the last few days.</a></li>
 <li><span>2</span> <a>SAFE coin has observed a decline of 42% in the intraday session and is currently trading near $2.11.</a></li>
</ul>
<p>Safe is the ownership layer of web3, securing more than 100 Billion, which includes Safe Core, a full stack of account abstraction infrastructure, and the industry-standard multi-sig Safe(Core). It is focused on making every Ethereum account a smart account while enabling new use cases like staking, gaming, defi, and more.</p>
<p>The SAFE core contributors have over 15% of the supply, while the 40% SAFE DAO treasury and 15% in the Gnosis Dao treasury. Recently, SAFE Dao has prepared to vote on a new token utility and move towards SAFE unlock. Let’s have a look at SAFE’s on-chain analytics.</p>
<h2 class="wp-block-heading" id="strong-safe-transactions-surge-along-with-the-active-treasury-strong"><strong>SAFE Transactions Surge Along With The Active Treasury</strong></h2>
<p><strong>Safe</strong> is at the forefront of modular smart contract infrastructure while paving the way for developers to create applications and wallets. It brings digital ownership of accounts to everyone by building universal and open contract standards for the custody of digital assets and identity.&nbsp;</p>
<p>Their goal is to establish smart contracts as a default and to make it a reality across SAFE(Cross) and Safe(Wallet)</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="883" height="362" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-10.png" alt="SAFE" class="wp-image-207583" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-10.png 883w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-10-300x123.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-10-768x315.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-10-750x307.png 750w" sizes="(max-width: 883px) 100vw, 883px">
 </figure>
</div>
<p class="has-text-align-center">Source: Safe Transactions by Dune</p>
<p>Over time, the overall Ethereum balance of all SAFE Smart contracts has declined from $9.5 Billion to $6.97 Billion. The total number of Ethereum stored across all fiat values is $6,382,136,469. The number of SAFES created weekly has observed a slight decline and is near 3500.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="893" height="347" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-11.png" alt="SAFE" class="wp-image-207584" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-11.png 893w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-11-300x117.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-11-768x298.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-11-750x291.png 750w" sizes="(max-width: 893px) 100vw, 893px">
 </figure>
</div>
<p class="has-text-align-center">Source: Safe Transactions</p>
<p>Safe transactions made across the <a href="https://www.thecoinrepublic.com/2024/03/01/launch-of-blast-network-mainnet-will-unlock-2-3b-locked-tokens/" target="_blank" rel="noopener noreferrer nofollow">mainnet </a>have declined and have reached nearly 13000. The number of holders of the SAFE token is 10520. The core contributors of the protocol have 15 million in supply, while the airdrop participants have over 5 million in supply. Let’s have a look at SAFE’s price action scenario.</p>
<h3 class="wp-block-heading" id="strong-safe-declines-42-in-a-year-will-the-bull-run-come-soon-strong"><strong>SAFE Declines 42% in a Year: Will the Bull Run Come Soon?</strong></h3> 
<p><a href="https://in.tradingview.com/chart/SAFEUSD/3AEbH5Rt</a> by <a href=" https: in.tradingview.com u ritika_tcr rel="noopener noreferrer nofollow">Ritika_TCR</a> on <a href="https://in.tradingview.com/" rel="noopener noreferrer nofollow">TradingView.com</a></p> 
<p><strong>SAFE</strong> has a market cap of $900 Million and is ranked 97th in the CMC. It has a total supply of 1,000,000,000 SAFE and has 42.5% of the supply circulating in the market. It is trading near the value of $2.11, with a drop of 4% in the intraday session.</p>
<p><strong>SAFE coin</strong> price has been trading below the 50 and 100 EMA. The upside momentum of the token price can be observed near $2.5. Meanwhile, the support of the asset price is nearly $1.8.</p>
<p>The RSI of the token price is near 41 with no slope, suggesting its presence in the neutral zone. The overall sentiment of the RSI is neutral.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Over the past few months, the <strong>SAFE protocol</strong> has seen exponential growth in active users and transactions. <strong>SAFE token</strong> price is currently trading in a consolidated zone but can see a new high in the future.</p>

Is SAFE Crypto Ready to Rally for $4 With Ethereum?

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