Buyers who purchased shares through the COVID-19 market crash in 2020 have typically skilled some huge good points within the final two years. However there isn’t any query some big-name shares carried out higher than others because the pandemic backside — and cryptocurrencies as nicely.
SafeMoon’s Massive Run: As sturdy because the inventory market has been because it bottomed on March 23, 2020, SafeMoon SAFEMOON/USD has been a lot stronger.
Associated Hyperlink: If You Invested $1,000 In SafeMoon At Its COVID-19 Pandemic Low, This is How A lot You’d Have Now
The SafeMoon launch in March 2021 got here through the center of the COVID-19 pandemic, and the timing could not have been higher for buyers. Youthful Individuals receiving three rounds of direct stimulus funds have poured a major chunk of that money into investments, together with SafeMoon. As well as, cryptocurrency investing grew to become extraordinarily stylish in 2021, and SafeMoon was one of the vital standard cryptos out there.
In March 2021, SafeMoon started buying and selling at $0.000000001. By the top of March, the cryptocurrency had already risen to $0.0000006 as buyers piled into cryptos, together with leaders Bitcoin BTC/USD and Ethereum ETH/USD.
Associated Hyperlink: If You Invested $1,000 In Solana At Its COVID-19 Pandemic Low, This is How A lot You’d Have Now
In reality, SafeMoon has by no means traded under its preliminary value of $0.000000001 on March 9, 2021. SafeMoon shares started to take off like a rocket following mentions by on-line influencers, together with Barstool Sports activities founder Dave Portnoy and social media superstar Jake Paul.
Costs of doubtful altcoins soared as Tesla Inc. TSLA CEO Elon Musk pumped up the costs of meme cash Dogecoin DOGE/USD and Shiba Inu. SHIB/USD.
SafeMoon completely caught hearth through the 2021 meme crypto buying and selling frenzy, hitting an all-time excessive of $0.00001399 in Could, earlier than pulling again down under $0.000004 within the months that adopted.
The crypto acquired one other bump across the time Musk tweeted a photograph of his new Shiba Inu pet Floki in September 2021.
SafeMoon In 2022, Past: SafeMoon rebounded as excessive as $0.00000624 in September 2021, however has since been trending steadily decrease because the 2022 crypto winter has wiped trillions of {dollars} of worth out of the crypto market. As we speak, SafeMoon is buying and selling again down at $0.00000007965.
Nonetheless, buyers who purchased SafeMoon at its pandemic low on the day it launched and held on have generated an enormous return on their funding. In reality, $1,000 in SafeMoon bought on Mar. 9, 2021, could be price about $79,650 immediately.
Given the rise in SafeMoon costs previously two years coupled with the lack of stimulus fee assist in 2022, some buyers are understandably involved about simply how a lot additional SafeMoon costs might fall. SafeMoon and different cryptos are vulnerable to boom-to-bust drawdowns, and SafeMoon costs are already down 96% year-to-date.
Picture sourced from SafeMoon on Fb.
