Recent regulatory actions against crypto units have already rocked the crypto market around the world. What added more trouble to the broader crypto market was the collapse of the crypto-friendly Silicon Valley Bank (SVB).
In the wake of these events, the performance of Safemoon (SFM) certainly struggled. Its price fell from $0.00025399 to $0.00016094 within two days.Read Price Prediction for SafeMoon [SFM] for 2023-24 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. Since its introduction, SafeMoon has outperformed most top meme coin projects’ ROI, where most of them have been operating for a year.Read more on ambcrypto.com