Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Recent regulatory actions against crypto-units have rocked the crypto-market around the world. The most recent SEC action against Kraken had an immediate impact on digital assets as the price of Safemoon (SFM) continued to fall. SFM, at the time of writing, was trading at $0.0002464. Like the rest of the market, SFM has continued to fall consistently on the price charts too.
Safemoon has been heavily marketed as a long-term investment opportunity. To accomplish this, it increases transaction fees by 10%, with coin owners receiving 50% of the funds. Safemoon has had a difficult year, with the company accused of price manipulation through celebrity endorsements, prompting some investors to sue. At the time of writing, its market capitalization was ‘just’ $121 million.
Read Price Prediction for SafeMoon [SFM] for 2023-24
Since its introduction, SafeMoon has outperformed most top meme coin projects’ ROI, where most of them have been operating for a year. In fact, once upon a time, SafeMoon’s CMC page had more visits than Bitcoin (BTC) and Ethereum (ETH) combined. SafeMoon, at the time, received a breakout reaction, or nearly a million searches, according to Google’s trending statistics of the globe filter.
In 2021, SFM significantly repaid its investors. Given how volatile the crypto market is, it is impossible to predict the price of SafeMoon or any other cryptocurrency in the future. However, given that SafeMoon switched to V2 in December 2021, the performance of SFM Coin in the future is promising. This coin is actively promoted by the SafeMoon army, which
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