The cryptocurrency market is volatile and ever-changing, making it a challenging but potentially lucrative investment. With so many different options available, it can be difficult to know where to put your money. One option that is gaining popularity is Snowfall Protocol (SNW). This project offers a number of advantages over other protocols like Near Protocol (NEAR) and Avalanche (AVAX). In this article, we’ll discuss what those advantages are and why Snowfall Protocol (SNW) is reaching new highs.
Selling pressure high for Near Protocol (NEAR)
Near Protocol (NEAR), a public Proof-of-Stake (PoS) blockchain, allows new users to communicate with dApps and smart contracts without the need for a crypto wallet. However, as the year approaches its end, strong selling pressure can be seen in the price of Near Protocol (NEAR), which is heading closer to its 52-week low. With Near Protocol’s (NEAR) current price of $1.28, investors are planning on selling the token to avoid further losses. If the bulls can’t keep the support level above this price, Near Protocol (NEAR) will soon reach another low. Additionally, as per experts, the selling pressure has been high for the past three days, and Near Protocol’s (NEAR) trade volume has plummeted significantly. Near Protocol’s (NEAR) platform is still in its testing phase and therefore, many of its features aren’t available yet. The near-term price forecast for Near Protocol (NEAR) shows that the currency will not provide a strong return on your investment, and the token could drop below $0.2 in the next year.
Avalanche (AVAX) drops by 14% in a week
When the market trend shifts, the Avalanche (AVAX) token usually follows suit, making similar gains or losses. As the price of Avalanche (AVAX) has been unable to move higher than the $12 resistance level for the past day, a negative analysis of the last 24 hours’ data is presented. After a 13% drop on December 16, 2022, Avalanche’s (AVAX) price stabilized near the current level of $11.72. Avalanche (AVAX) initially fell from a high of $19.78 and found support around the $13 mark, where it stayed for the majority of the month of November. Since the market remains pessimistic, a drop to $9 for Avalanche (AVAX) is still possible in the coming months. After being negative for most of the past month, there aren’t many experts suggesting investors to buy Avalanche (AVAX). A majority of them also suggest investors to sell their Avalanche (AVAX) holdings.
Snowfall Protocol (SNW) soars ahead of other tokens
Snowfall Protocol (SNW) has been gaining a lot of attention in recent times due to several reasons including its ability to scale, price gains, and the wide set of features it offers. Snowfall Protocol (SNW) is an effort to address the compatibility issue that has plagued blockchain interactions for quite some time. Snowfall Protocol (SNW) is ushering in a new era, in which fungible and non-fungible assets can be transferred between EVM-supported and non-EVM-compatible chains. The groundbreaking compatibility design and future prospects of Snowfall Protocol (SNW) have led to an increase in presale price gains of more than 400%. Snowfall Protocol (SNW) soared from a price of $0.005 to $0.14 in just two months, as more than 150 million tokens were sold. Snowfall Protocol (SNW) and its investors are bound to gain from the token’s promising future. Additionally, numerous analysts have forecasted a 5000% price increase in Snowfall Protocol (SNW) following its dApp launch next month.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
