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 is currently trading at $0.0002522.
Read Price Prediction for SafeMoon [SFM] for 2023-24
Safemoon was 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. Its current market capitalization stands at 141,271,780.
Since its introduction, SafeMoon has outperformed most top meme coin projects’ ROI, where most of them have been operating for a year. As one of CoinMarketCap’s most popular pages, SafeMoon has had more visits than Bitcoin (BTC) and Ethereum (ETH) combined. SafeMoon 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
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