• Safemoon (SFM) has had a difficult year, with its price dropping 11% within a week due to FTX’s collapse in early November.
• Analysts advise caution when purchasing this coin, with some platforms predicting a maximum price level of $0.0025 in 2022 and a minimum price of $0.0089 in 2022.
• SafeMoon has outperformed the majority of the top meme coin projects, receiving nearly a million searches on Google according to its trending statistics.

Safemoon (SFM) has been a heavily promoted coin marketed as a long-term investment. Despite its promotion and potential for long-term gains, its price has largely followed the overall crypto industry trend since FTX’s collapse in early November. Its price fell to $0.00000000503 on the charts, underlining a drop of 11% within a week. This has caused some investors to file lawsuits against the company, prompting analysts to advise caution while purchasing this coin.

Some platforms like Telegaon predict SFM’s price to reach a maximum price level of $0.0025 in 2022 with an average price of $0.0015. SafeMoon, however, may hit the minimum price threshold of $0.00089 in 2022 if there is a bearish run. In 2022, a bullish movement is anticipated, one that might send the SFM Coin to the moon.

SafeMoon has had an impressive year in 2021, outperforming the majority of the 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.

It is difficult to predict the future of Safemoon. The coin has had a difficult year, with the company accused of using celebrity endorsements to manipulate its price. Its current market capitalization is only $2 million, which is significantly lower than many of its competitors. Nevertheless, some investors remain hopeful that SafeMoon will continue to outperform the rest of the crypto market with its long-term investment potential.

In the end, it is up to the investor to decide whether or not Safemoon is a good investment. Despite the bearish trend in the cryptocurrency market, some investors remain optimistic about the coin’s future. Given its impressive performance in 2021, SafeMoon may be a good long-term investment for those willing to take the risk.