Over the past month, SafeMoon V2 (SFM) has experienced a notable surge in value, with its price increasing by an impressive 161.90% from $0.000042 on March 13 to $0.00011 on April 12.
Even in the past week, token saw a solid 21.00% increase in value, indicating sustained interest and support from the investor community, along with a 7.74% daily rise at press time.
SFM 7-day price chart. Source: CoinMarketCap
When zooming out, SafeMoon V2 has experienced a substantial 44% price drop over the past year, placing it behind 98% of the top 100 crypto assets in performance, currently trading below its 200-day simple moving average.
With just 12 green days in the last 30, representing 40% of the period, its volatility is evident, further highlighted by its staggering 97% decrease from its all-time high.
However, SFM’s journey extends beyond price movements. Amidst its meteoric rise, SafeMoon finds itself navigating not only volatile market dynamics but also a complex legal lands
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