After being launched in March 2021 and its price skyrocketing shortly after, Safemoon was guaranteed to reward long-term holders. Now it’s struggling to hold up after the last crash in Crypto markets.
The price of the popular altcoin suffered a 63% drop after the 4th of December and hit a low of $0.00000108. As of the 8th of December, it’s trading at $0.000001656 with an increase of 103% since the crash and a 24% drop in trading volume in the last 24 hours.
Although some investors would think that a bullish market is on the way after the recent crash, it will be critical to pay close attention to price variations in the next few days, as this could result in big profits for investors.
On The Flipside
- The bullish rise could fail to hold up pushing SafeMoon back to its recent low of $0.00000108.