SafeMoon (SFM) was launched arsenic a community-driven DeFi token. Technically a meme coin, the anticipation was to situation different high-growth meme coins similar Shiba Inu and Dogecoin. SafeMoon exploded. Hitting all-time highs successful April. But things person not truly been creaseless sailing ever since. Check retired immoderate highlights below:
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After hitting all-time highs successful April, SafeMoon (SFM) has mislaid astir 90% of its value
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In December alone, the coin has seen a monthly plunge of implicit 50% albeit it's repairing immoderate of these losses.
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Unlike different meme coins, SafeMoon (SFM) is adding much utility, including an Android and iOS mentation of its SafeMoon wallet.
Data source: Coinmarketcap.com
SafeMoon (SFM) – terms prediction and analysis
The biggest question for astir investors close present is whether SafeMoon (SFM) tin replicate the explosive maturation it showed successful 2021. During its highest successful April, the coin had successful information managed to present an ROI of astir 45,000% since its inception. Headwinds successful the broader crypto marketplace person seen SafeMoon (SFM) plummet from those April highs.
At the clip of writing, the coin was trading astatine $0.001668, down 7% successful intraday trading. It’s precise improbable that we volition spot immoderate large surge this year. But arsenic SafeMoon continues to adhd much inferior features into its ecosystem, the coin could go overmuch much invaluable successful the agelong run.
Should you bargain SafeMoon (SFM)?
It is important to enactment that SFM is inactive a meme token. Yes, we are seeing much inferior features coming into the ecosystem but they are not astir arsenic invaluable as, for example, thing similar Solana (SOL).
For this reason, SFM is prone to wide volatility and should beryllium viewed arsenic a short-term speculative plus close now. For investors who privation to thrust immoderate bullish uptrend successful 2022, this is the perfect clip to bargain SFM. But for agelong word value, it’s precise hard to spot immoderate upside.
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