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.
The crypto market has been rocked by fresh regulatory actions against crypto units across the globe. The latest SEC action against Kraken had an immediate impact on the digital assets as the price of Safemoon (SFM) kept plummeting. SFM was trading at $0.0002581 at press time, remaining stagnant for the past few days.
Read Price Prediction for SafeMoon [SFM] for 2023-24
SFM was heavily promoted as a long-term investment. To accomplish this, it increased transaction fees by 10%, with coin owners receiving 50% of the funds. Safemoon has had a difficult year, with the company accused of manipulating its price with celebrity endorsements, prompting some investors to file lawsuits against it. Its press time market capitalization stood at 144,522,922.
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 and Ethereum 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
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