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Why Safemoon Price Dropped to 16% after Launch of V2?

Why Safemoon Price Dropped to 16% after Launch of V2?
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Safemoon yesterday 12th of December 2021 launch Version 2.

The development has resulted in further crash of Safemoon Price.

As the time of these post, safemoon price has dropped to 1 percent.

The price was $0.00000243 when V2 was Launch yesterday.

Within 24 hours, the price has dropped to $0.00000142.

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The questions now is these, why did safemoon price crashed after the launch of Version 2?

In every cryptocurrency, there is apprehension when new version of the existing token was launch.

The apprehension in the sense that many holders probably thinks the coin will fall, because they don’t trust the security of the new code.

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As such people tend to sales off the coin they hold to save there Money while they monitor the development of the new contract Token.

After some observations and analysis, when they confident that their money is safe when the invest on the same token, then, will start reinvesting.

Note a financial advisor: For those who are willing to take risk, this is time to accumulate more of the token because any moment from now, the price can burst.

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