Cryptocurrencies are currently still in a bear market down. Stablecoins such as Bitcoin and Ethereum are also hovering at low prices and have not broken out for a long time. Not long ago, the World Bank warned about the rising risk of stagflation and global recession saying that global economic growth is expected to decline from 5.7% in 2021 to 2.9% in 2022. The impact of inflation is significant, and the slow growth of inflation will likely continue for several years.

However, the last financial crisis with a severe bear market decline was in 2008, which was also the year the concept of Bitcoin was introduced. This was followed by the birth of decentralized digital currencies back in 2009. While the current bear market is not quite as severe as 2008, it has had a similarly large impact. After 13 years, the current price of bitcoin is low, but it is also a breakthrough compared to the online period, with the price peaking at $61,309 and the current price of bitcoin at $30,294.6.

Although the cryptocurrency market is currently in a downward spiral, there may be a new opportunity for investors. After all, 13 years ago, not many people could have predicted that Bitcoin would rise to its current price in the future. What small cryptocurrencies are recommended right now?

The SafeMoon, launched on the Cryptocurrency Smart chain blockchain, launches in March 2021 with a 1.6 trillion SFM tokens supply. The name comes from the phrase "Safely To The Moon'', suggesting that the token's intention is not only to go up but to go up safely. It is a newcomer to the cryptocurrency market, known for its huge volatility, high transaction fees of 10%, and social media hype. Just a month after its launch, Safemoon's price soared.

Shortly after launch, its price spiked to a record high of $0.00001399 on April 20, 2021, more than 1560% higher than the previous week. However, the price fell to $0.00001118 at the close of business that day, and, except for the spike in May 2021, the price trended downward for several months before leveling off. According to the international digital currency exchange, https://www.gate.io/ SafeMoon currently has a total market cap of $350,549,484 and is ranked 130th in terms of market dominance.

To consolidate and strengthen the value of SafeMoon, the token was upgraded in December 2012 - SafeMoon V2. The upgraded SafeMoon token also introduced a corresponding NFT. In order to attract more investors to buy SafeMoon tokens, V2 also reduced the previous 10% fee to 2%.

While SafeMoon's price is not currently as high again as it was in April 2021, it may not be impossible to do so afterward. Like many cryptocurrencies, however, SafeMoon is a highly speculative asset and its attendant risks need to be considered.

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