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. 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 works nonstop day and night.
This article will take a look at SafeMoon’s recent market activity, paying particular attention to its market cap and volume. With the aid of
Read more on ambcrypto.com