Bitcoin (BTC) and Ethereum (ETH) Are rising again; Analysts See over 5000% Gain Potential in Snowfall Protocol (SNW)

Market bulls are back, and cryptocurrency prices bounce off lower lows and break their resistance levels. While the change in trend seems surprising, Ethereum (ETH) and Bitcoin’s performances have been quite spectacular.

Aside from these old duos, Snowfall Protocol (SNW) deserves special mention as the top-performing crypto asset of the year. Despite the bearish pressure mounting on cryptocurrencies some weeks ago, Snowfall Protocol (SNW) kept rekindling the hope for a better future for crypto projects. This article will critically examine the Snowfall Protocol (SNW) and price action for Ethereum (ETH) and Bitcoin (BTC).

Bitcoin (BTC) Rising in Value, Market Cap up by $130 Billion

The price of Bitcoin (BTC) has not fully recovered from the 2022 crash after reaching its all-time high. However, its recent price action has been astonishing since the beginning of 2023. Bitcoin (BTC) drove up north to $68,900 in November 2021, but the failure of crypto projects and the hawkish Federal Reserve policies gave a huge blow to its price.

Nevertheless, Bitcoin (BTC) is coming back up strongly with a respectable rebound off lows this month. The coin dramatically rose from $16,500 to $23,500 in the last 21-day period. In fact, TVL’s value is up by 43%, with its market capitalization sitting at $442 billion. User activities on Bitcoin (BTC) are also getting higher, with the moving average heat map pointing to bullish sentiment.

Ethereum (ETH) Sees Surge in User Activity, Price Flies by 33%

A few weeks after Ethereum’s Merge, all hope that the Ethereum (ETH) coin will thrive and see an upside push dashed. However, Ethereum (ETH) is back up on its feet after gaining 39% since the start of 2023. Like Bitcoin (BTC), Ethereum’s price bent to the market crash triggered by the collapse of the FTX exchange. The token price slumped from a $1,570 intraday high to a $1,100 intraday low.

Fast forward to 2023, and Ethereum (ETH) is rising again as interest is growing in cryptocurrencies like Ethereum (ETH) and Snowfall Protocol (SNW). Currently, Ethereum (ETH) is trading at $1,590, about 63% below the all-time high price of $4,860. Ethereum (ETH) is set to break limits and cross resistance levels, especially since proposals for Shanghai hard fork upgrade have been approved.

Analysts See Over 5000% Gain with Snowfall Protocol (SNW)

While Bitcoin (BTC) and Ethereum (ETH) have done great numbers with impressive price movements, Snowfall Protocol’s importance is unlike anything we’ve seen before. Snowfall Protocol (SNW)offers a unique and important solution to improve blockchain interoperability and flexibility. The platform is a multichain asset transfer ecosystem built to enhance fund movements between EVM and non-EVM chains.

Snowfall Protocol (SNW) opens up a wide potential for several blockchain networks, including Ethereum (ETH), Bitcoin (BTC), and all Ethereum-based protocols. Furthermore, with its disruptive abilities, anyone will be able to use more than 200 blockchain networks together at the same time. This eliminates the technical barrier between them while promoting much-needed inclusivity.

Essentially, the Snowfall Protocol (SNW) is providing a vital need. The protocol works via a canonical/reverse canonical token bridge for cryptocurrencies and a swap/wrap model for non-fungible tokens. Its ever-capable team of developers has mapped out clear goals to provide the best for its users. The Snowfall Protocol’s (SNW) functionality is a game changer as it opens up a new world for DeFi and dApp development. 

Therefore, it is not surprising to see its demand skyrocket over the roof. Snowfall Protocol (SNW) token is still on presale, and the price is $0.2. Experts see over 5000% gain due to Snowfall Protocol’s impressive performance. Early investors are already up by 3000%. Therefore, now is the best time to invest in Snowfall Protocol (SNW), especially since it is still underpriced.

Get in while you can and invest in Snowfall Protocol (SNW) today!!!

Presale: https://presale.snowfallprotocol.io

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