The haze is gone. There is no room for doubt. The bears have a tight grip on the cryptocurrency markets as of the end of December 2022. The majority of cryptocurrencies struggle to keep up with inflation and frequently reach new lows. Is a new crash in the crypto market in early 2023 imminent? It is challenging to say. What is certain, though, is that the majority of cryptocurrencies, particularly those whose value is primarily determined by speculation, are not increasing.
Snowfall Protocol (SNW), on the other hand, seems to be a unique token that is adamant to take a different path. When it comes to daily volumes, it outperforms tokens like Shiba Inu (SHIB) and Solana (SOL), which have been established for quite some time.
Let’s see which one out of Shiba Inu (SHIB), Solana (SOL), and Snowfall Protocol (SNW) is leading the way!
Solana (SOL) – dropping down
A lot happened in 2022 for the Solana (SOL) blockchain. Solana (SOL) had a great start to the year, replacing Ethereum as the preferred network for issuing non-fungible assets (NFTs). But, its proximity to the FTX catastrophe at the beginning of November, impacted Solana’s (SOL) reputation that took a major hit.
More than 50 million Solana (SOL) tokens are thought to have been held by FTX and its associated investment company, Alameda Research, which also played a big part in the Solana (SOL) development. Solana (SOL) has dropped from the top 10 to number 17 as a result of uncertainty around the future of such a huge volume of Solana (SOL) tokens.
The price of Solana (SOL) has fallen by 9.62% in the past 7 days. The current price of Solana (SOL) is $12.39.
Shiba Inu (SHIB) – price decline
Shiba Inu’s (SHIB) recent price drop is the result of a number of causes. To begin with, Shiba Inu (SHIB) does not employ blockchain technology in a revolutionary way. Thus, Shiba Inu (SHIB) is unable to provide any use cases to support its value.
Due to the lack of any underlying application, Shiba Inu (SHIB) is significantly more susceptible to speculation, and is therefore far too volatile to be used as a value store. The current price decline of Shiba Inu (SHIB) is the result of crypto whales cashing out their initial investment. Moreover, the support of important exchanges has made the situation worse, as the whales might now be able to offload their SHIB tokens quickly.
The current price decline of Shiba Inu (SHIB) is the result of crypto whales withdrawing their original investment. The backing of significant exchanges has made the issue worse. Now that common people are purchasing the coin, the whales may be able to cash out more easily. Thus, Shiba Inu (SHIB) prices are falling rapidly.
The price of Shiba Inu (SHIB) has fallen by 7.82% in the past 7 days. The current price of Shiba Inu (SHIB) is $0.000008415.
Snowfall Protocol (SNW) – rising and outperforming
In its main use case, Snowfall Protocol (SNW) is intended to bridge blockchains. The key idea behind Snowfall Protocol (SNW) is to provide users with a “highway” connecting several blockchains. Users are able to move NFTs and cryptocurrency funds between chains. Many people have expressed interest in the use case. Since its presale, Snowfall Protocol (SNW) has been in high demand. Even before its launch, Snowfall Protocol (SNW) has produced huge gains by raising over $3 million during presale. The developers have outlined their goals for the future of cryptocurrency and produced a working prototype of the dApp. Investor interest has been further aroused by the vision’s clarity.
The second stage of sales for Snowfall Protocol (SNW) was a big success. Snowfall Protocol (SNW) was totally sold out, therefore it had to be shut down one day early. Beginning with Stage 3 of the presale, the price of Snowfall Protocol (SNW) token increased by 250% over Stage 2’s pricing. Planned to launch on January 3, 2023, Snowfall Protocol (SNW) could produce returns of above 1000%.
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
