Recent reports from industry analysts indicate that Litecoin (LTC) and Polygon (MATIC) have not been performing exceptionally well recently.
The value of Litecoin (LTC), which was once among the most widely used cryptocurrencies, has significantly decreased. Since reaching its high point in 2021, the price of Polygon (MATIC) has also experienced a substantial decline. As a result of this, a large number of investors are looking for an investment option that is more reliable and profitable. The “new guy on the block,” Snowfall Protocol (SNW), seems to be the best choice for 2023 over well-established tokens like Litecoin (LTC) and Polygon (MATIC).
Polygon’s performance so far in 2023
Polygon (MATIC) is a decentralised network that allows users to create, deploy, and manage their decentralised applications (dApps). Users can make their digital currencies with Polygon (MATIC), and the Polygon (MATIC) token is used to pay for network transactions. Users can also earn rewards for staking and supplying network liquidity with this platform.
Polygon (MATIC) is now one of the most popular blockchain platforms for Ethereum scaling and infrastructure development, making it one of the largest cryptocurrencies currently available based on market value.
In the aftermath of the market meltdown in May 2022, the Polygon (MATIC) price dropped to a low of $0.34 in June 2022. Since then, however, it has been steadily climbing back up. On August 14, the price of Polygon (MATIC) surpassed the $1 level for the first time. Since then, it has predominantly traded within this area. But as of now, it has fallen even worse, as it is currently trading at $0.77.
Litecoin’s performance so far in 2023
Litecoin (LTC) was developed to solve the issues linked with transactions taking a significant amount of time and needing to be cheaper. As a result, it was designed to be a more cost-effective platform for miners to work on.
Litecoin (LTC) had a starting price of $3, but its value skyrocketed almost immediately, growing by 140% in 2020. At the end of 2021, the value of one Litecoin (LTC) was higher than $146. On the other hand, the volatility of the bear market has affected most of the industry’s major players. As a result, the price has fallen to $75 and doesn’t appear likely to rebound anytime soon.
Snowfall Protocol (SNW) is a better investment in 2023
Snowfall Protocol (SNW) is the first system for transferring fungible and non-fungible tokens from one blockchain to another. It lets users transfer stable coins between the most popular EVM-compatible and non-EVM-compatible chains. This makes it possible for millions of individuals to connect to each blockchain. Snowfall Protocol’’s (SNW) goal is to make it easy, safe, and secure for users to trade assets between blockchains.
With Snowfall Protocol (SNW), users can effortlessly transfer assets from Litecoin (LTC) to Polygon (MATIC) and other blockchains without worrying about technological complexities or security threats. This makes it a good alternative for people who want to invest in Litecoin (LTC) or Polygon (MATIC) but want a more stable investment.
Bottom Line
In difficult times like these, savvy investors are drawn to projects with a solid basis, such as Snowfall Protocol (SNW). This is because these projects have a great potential to prosper even in bear market conditions.
Presale: https://presale.snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Website: https://snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
