The past week has been pretty rough for SafeMoon V2. During the initial days of the week, its price gradually tumbled. After reaching a level around $0.0017, it started moving horizontally. Even at press time, the token was seen trading around the same number.
SafeMoon V2’s price movements over the past month || Source: CMC
SafeMoon’s bunch of positives
Despite the sluggish price of the asset, new people continue to associate themselves with the project. On social media, for starters, SafeMoon V2 has been able to amass new followers on almost a daily basis. It recently managed to surpass the 1.4 million mark and create a new record.
Also, the community members have been doing the chitter-chatter on the platform too. Just a day back, for instance, SafeMoon was the sixth most mentioned coin on Twitter. Over 41.2k tweets with the “SAFEMOON” hashtag have been made over the past day.
Parallelly, on Reddit too, the subscriber count has been on the rise, with the same breaching 305k recently. Leaving aside the subscribers, SafeMoon also boasts of 728 average active accounts, 6.4 average ‘new hot posts’, and 274.5 average new comments per hour.
As far as Telegram is concerned, SafeMoon has a strong user base of 158,409 people. All the aforesaid social media numbers point towards the growth of the SafeMoon community, which is quite a positive sign.
Also, other fundamentals continue to remain undeterred. The developer trend showed no signs of slowing down at press time. The state of the same can be observed from the chart attached below.
Thus, despite the not-so-encouraging of late price movements, the development and social activity continue to shield the long-term prospects of the 3039th ranked token. Additionally, as and when the broader market recovers going forward, SafeMoon’s price would directly benefit from the same.