Place/Date: - December 29th, 2022 at 1:23 pm UTC · 4 min read
Source: Snowfall Protocol
The year 2022 is almost finished, and it has left the crypto sector in serious decline. The decline in value of many cryptocurrencies this year won’t be reversed.
Read ahead to know how big market participants like Litecoin (LTC) and Dogecoin (DOGE) have been struggling while a new player, Snowfall Protocol (SNW), has won the trust of investors and traders alike.
The second-most popular pure cryptocurrency, Litecoin (LTC), takes advantage of the special features of blockchain technology to offer quick, safe, and affordable payments. Litecoin (LTC) has been bearish throughout the year as its price fell from $155 in January, to $69 in December. In June, Litecoin (LTC) dipped to new lows as it reached $43. Being currently 83.2% down from its all-time high of $412, Litecoin (LTC) could pick up its pace in the market, but it would be very slow. If we consider the development from last month, Litecoin (LTC) has disappointed investors as it has tanked 10.7% in value compared to November. Crypto thought leaders forecast that the maximum price for Litecoin (LTC) in 2023 could be around $77, which is still far from the 2022 best price. Hence, it is advised to be cautious before investing in Litecoin (LTC).
Dogecoin (DOGE) has continued its instability as the price fell by 3.8% this week. This isn’t shocking news for the ‘doge meme’ token, Dogecoin (DOGE), as it has been fluctuating throughout the year. Dogecoin (DOGE) is currently trading around $0.07, a 90% discount from its all-time high price of $0.73. The overall performance of Dogecoin (DOGE) has also been disappointing, with the best price of 2022 being $0.18, much below the token’s anticipated growth rate. A lot of recent price fluctuations in Dogecoin (DOGE) are linked to Elon Musk, who is an active supporter of the token. His business decisions directly affect the price of Dogecoin (DOGE). Dogecoin (DOGE) saw a dip of 11% in price after Elon Musk indicated stepping down from Twitter management. Elon Musk has recently shown interest in talking to ‘DOGE Army’ via Twitter spaces, however, it can’t be said that it would again affect Dogecoin’s (DOGE) price. The fluctuating nature of Dogecoin(DOGE) has made it a rather risky investment.
Snowfall Protocol (SNW) has a growth potential unlike any other token owing to its innovative approach in the cryptocurrency domain. With the help of Snowfall Protocol (SNW), users may participate in, and benefit from, any blockchain project of their choice. Additionally, Snowfall Protocol’s (SNW) decentralized applications (dApps) will be made available, enabling users to move value across chains that are, and are not, EVM compatible. Snowfall Protocol employs an innovative interoperability architecture, which saves clients from having to pay high fees for asset transfer through third-party middlemen. Snowfall Protocol (SNW) also eliminates incompatibilities when moving these digital assets from one blockchain to another.
The demand and trust for Snowfall Protocol (SNW) is apparent as the stage 2 presale of SNW, the native token of Snowfall Protocol, has concluded with a total raise of a whopping $3 Million. It has now moved on to Phase 3 of its presale, and offers a price of $0.14. Many crypto pundits agree that the current price of Snowfall Protocol (SNW) is unbelievable if we consider the huge returns and advantages that investors would get in the future. Over the next few days, the price of Snowfall Protocol (SNW) is anticipated to soar by more than 5000% and this is just the beginning, as the token will surely reach new heights in the coming time.
Thus, Snowfall Protocol (SNW) is ‘The’ option if you want to get the most for your money!
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
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