Reasons Why Safemoon SFM Rolled Down When Bitgert Remained Stable
Key Points:
- Safemoon dropped 7% in the last 2 days, and SFM has been plummeting for the past 7 days
- Bitgert has remained stable during this bear market
- Bitgert might go bullish before Safemoon
Safemoon SFM has been rolling down for the past 7 days, having dropped from $0.00071 to $0.00065 in the last 2 days of this writing. This is about 7% drop in the past 48 hours, and this is after the Safemoon made some recovery over the last few hours.
The Safemoon SFM still remains bearish, and the price is very unstable. Look at the performance of the coin in the past 3 months; it shows that Safemoon has also been plummeting. Several factors have put Safemoon on a downward trend, while the likes of Bitgert (BRISE), one of its toughest competitors, have been on an upward trend during the same period.
Unlike Safemoon, Bitgert has been doing pretty well in the market. Here are major reasons why Safemoon is plummeting and why it might decline further in the coming days:
Bearish Market
The bearish market has taken hold of the market this year. All the major coins have been plummeting, and none of them has managed to recover the price they opened with this year. The effect has been spread across the market, and not even the coming of the Safemoon V2 made the situation better for the Safemoon coin. However, Bitgert has managed to maintain a stable price. In fact, Bitgert is among the coins that have kept the price stable in all bear runs.
Slow Roadmap Delivery
Unlike Bitgert, Safemoon has not been delivering its roadmap as expected. In fact, Bitgert has been hailed for delivering its roadmap faster than Safemoon, despite launching 5 months after Safemoon. The Bitgert team already launched the roadmap V2 after the successful delivery of the Bitgert roadmap V1. Therefore, Bitgert is far ahead of Safemoon in terms of roadmap delivery.
Slow Ecosystem Growth
The other reason why Safemoon is on a rolldown is the slow delivery of the products and projects to its ecosystem. Safemoon has a smaller ecosystem compared to Bitgert. This is looking at the products and projects Bitgert has added to its ecosystem. In fact, Bitgert has over 1000+ new projects coming up from Bitgert Startup Studio and more disruptive products coming from Bitgert roadmap V2.
Conclusion
Though the bear market has put Safemoon on a downward trend, the Safemoon team needs to work on the project development. It needs to do better than Bitgert.
The post Reasons Why Safemoon SFM Rolled Down When Bitgert Remained Stable appeared first on .
Key Points:
- Safemoon dropped 7% in the last 2 days, and SFM has been plummeting for the past 7 days
- Bitgert has remained stable during this bear market
- Bitgert might go bullish before Safemoon
Safemoon SFM has been rolling down for the past 7 days, having dropped from $0.00071 to $0.00065 in the last 2 days of this writing. This is about 7% drop in the past 48 hours, and this is after the Safemoon made some recovery over the last few hours.
The Safemoon SFM still remains bearish, and the price is very unstable. Look at the performance of the coin in the past 3 months; it shows that Safemoon has also been plummeting. Several factors have put Safemoon on a downward trend, while the likes of Bitgert (BRISE), one of its toughest competitors, have been on an upward trend during the same period.
Unlike Safemoon, Bitgert has been doing pretty well in the market. Here are major reasons why Safemoon is plummeting and why it might decline further in the coming days:
Bearish Market
The bearish market has taken hold of the market this year. All the major coins have been plummeting, and none of them has managed to recover the price they opened with this year. The effect has been spread across the market, and not even the coming of the Safemoon V2 made the situation better for the Safemoon coin. However, Bitgert has managed to maintain a stable price. In fact, Bitgert is among the coins that have kept the price stable in all bear runs.
Slow Roadmap Delivery
Unlike Bitgert, Safemoon has not been delivering its roadmap as expected. In fact, Bitgert has been hailed for delivering its roadmap faster than Safemoon, despite launching 5 months after Safemoon. The Bitgert team already launched the roadmap V2 after the successful delivery of the Bitgert roadmap V1. Therefore, Bitgert is far ahead of Safemoon in terms of roadmap delivery.
Slow Ecosystem Growth
The other reason why Safemoon is on a rolldown is the slow delivery of the products and projects to its ecosystem. Safemoon has a smaller ecosystem compared to Bitgert. This is looking at the products and projects Bitgert has added to its ecosystem. In fact, Bitgert has over 1000+ new projects coming up from Bitgert Startup Studio and more disruptive products coming from Bitgert roadmap V2.
Conclusion
Though the bear market has put Safemoon on a downward trend, the Safemoon team needs to work on the project development. It needs to do better than Bitgert.
The post Reasons Why Safemoon SFM Rolled Down When Bitgert Remained Stable appeared first on .
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