Polygon (MATIC) braces for new hard fork launch, Solana (SOL) whales hover back despite price highs, Snowfall Protocol (SNW) price to grow 5000% by February

2022 may not have been a good year for previously successful tokens, but it gave rise to new tokens, such as Snowfall Protocol (SNW), which surged massively. To get ahead in competition, tokens like Polygon (MATIC) and Solana (SOL) have been focused on new developments and attracting more investors. In this article, we will talk about the most recent updates of Polygon (MATIC), Solana (SOL), and Snowfall Protocol (SNW), and why SNW will be tough to beat in the future.

Polygon (MATIC) down over 50% since 2022

Polygon (MATIC), a blockchain scaling solution, is preparing for a hard fork to increase the efficiency and speed of the chain. The Polygon (MATIC) team wrote, in a new blog post, that they have accomplished many of its aims for scaling the Ethereum (ETH) network. Developers working on Polygon (MATIC) have been expecting and discussing the upgrade since December 2022, and are now excited about its arrival. The purpose of Polygon’s (MATIC) V0.3.1 Hard Fork is to address blockchain reorganizations, and decrease gas spikes. As far as prices are concerned, Polygon (MATIC) has had no effect after its recent hard fork launch. Polygon’s (MATIC) price has reduced in half over the past year, and is still much behind its initial price highs. Polygon (MATIC) is currently trading at $1, down over 65% from its all-time high of $2.92.

Solana (SOL) plummets after whales sell their holdings

The price of Solana (SOL) has increased by 130% in the past 2 weeks, which is one of the most impressive price increases since the start of this year. Taking a look at the graphs and signs of development, Solana (SOL) could do even better in the coming weeks. However, Solana (SOL) whales are expressing a lot of interest in other tokens, despite  its price’s significant room for growth. The selling by institutional investors and hedge funds has pushed down the price of Solana (SOL). Additionally, as a result of investors and whales liquidating their Solana (SOL) holdings and looking elsewhere for promising investments, the price has plummeted further. Presently, Solana (SOL) is trading at a loss of more than 78% to its 52-week high. Solana is currently trading at $23.91. Additionally, Solana (SOL) has gone down over 90% from its all-time high of $260.06, and has a long way to recover.

Snowfall Protocol (SNW) price skyrockets to $0.191

The continuous success of Snowfall Protocol (SNW), since it was introduced to the crypto market, has prompted investors to shift to it. Currently, Snowfall Protocol (SNW) has surged by over 500% in the past two months, and is expected to give almost 5000% returns to investors in the near future. By providing a standardized method for exchanging assets between more than 200 blockchains, Snowfall Protocol (SNW) is aiming to become an indispensable tool for the crypto community. Snowfall Protocol (SNW) offers a revolutionary token bridge for fungible tokens, which is useful for transferring assets between EVM-compatible and non-EVM-compatible networks. Additionally, Snowfall Protocol’s native token, (SNW), powers a thriving ecosystem economy that provides holders withstaking benefits and voting rights within the protocol, increasing the platform’s appeal even further. There has been significant growth in the demand for DeFi initiatives that aim to address the market’s present interoperability and inclusivity issues, which has contributed to Snowfall Protocol’s (SNW) rising prices.Snowfall Protocol (SNW) has gone from $0.005 to its current price of $0.191, and is expected to reach $0.22 before launch.

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