SafeMoon fans woke up to quite a surprise this morning as there was an 800% surge in the SFM token. However, to everyone’s disappointment, it was later cleared that this was just a glitch on the V1 version of SFM.
If users go onto the Markets section on CoinMarketCap and search for SFM V1, the price quoted is the price of SafeMoon V2 (SFM).
The glitch is most likely being resolved as we speak.
Can SafeMoon get to the moon safely?
SafeMoon [SFM] has been putting in a lot of effort to be on top of its game. The network was visibly developing because of regular updates and listings on SafeMoon Swap. The SFM community, on the other hand, has received a lot of flak as a result of the altcoin’s stagnant and declining pricing. This has resulted in a significant market split. While some feel SFM is practically over, others point out that the market as a whole has been down.
The SFM ecosystem has been steadily expanding. The network has progressed thanks to the crypto asset and SafeMoon Swap. SafeMoon Swap was able to achieve a volume of around $100,000,000.00 in just 32 days.
The cause for this is thought to be tied to the recent addition of a spate of currencies. The SFM team has been busy adding new coins to the platform.
Additionally, according to the team’s Discord post, the Mandala listing for SFM should happen between early and mid-April. According to Mandala’s website, the first launch in February was twice postponed owing to “technical problems.” Mandala Exchange would be the first centralized exchange to support SafeMoon V2 Global Tokenomics if the listing goes through.
At the time of publication, SafeMoon (SFM) was trading at $0.00105929, up by 2.3%.