8

Snowfall Protocol (SNW) raises $3 million, leaving behind Solana (SOL) and Near...

 1 year ago
source link: https://cryptomode.com/snowfall-protocol-snw-raises-3-million-leaving-behind-solana-sol-and-near-protocols-near-gains/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.

Snowfall Protocol (SNW) raises $3 million, leaving behind Solana (SOL) and Near Protocol’s (NEAR) gains

December 12, 2022
word-image-32032-1.jpeg
Proleo.gif

As the popularity of the crypto market is growing, investors are searching for the next big thing. With so many different protocols to choose from, it can be difficult to know which one is the best investment.

word-image-32032-2.jpeg

However, Snowfall Protocol (SNW) has quickly become a leading protocol in the industry, raising $3 million and leaving behind Solana (SOL) and Near Protocol’s (NEAR) gains. In this article, we’re taking a closer look at why Snowfall Protocol (SNW) is a better investment than other protocols on the market.

Experts warn investors about Solana (SOL)

Starting November on a very optimistic note, Solana’s (SOL) price increased by about 25%. However, when the FTX collapse took place, the price of Solana (SOL) went down to record lows. After peaking at $253.30 in November 2021, the price of Solana has declined significantly. The price of Solana (SOL) unexpectedly dropped by more than 57% in November and there is less hope for it to rise in the near future. Solana (SOL) has been mired in a bearish market for some time, and the current turmoil has only intensified the slump. Since the FTX exchange’s collapse is thought to be bad for the market, its effects may linger for quite some time on Solana (SOL). Furthermore, for the last few days, selling pressure on Solana (SOL) has been intense. The likelihood of a rebound is very low and investors must stay cautious with tokens like Solana (SOL).

Near Protocol (NEAR) might drop by 90% soon

Despite the Near Protocol (NEAR) receiving massive support from companies, along with a growing community, it has been falling throughout this year. Most projects, including Near Protocol (NEAR), have witnessed price drops of more than 50% during this bear market, which has scared traders and investors. Near Protocol’s (NEAR) price has not kept pace with the progress that the project has made. Near Protocol (NEAR) rose from a low of $3 to a high of $19 earlier this year, which was a significant increase, but the price failed to rally higher. Near Protocol’s (NEAR) price tried to break out of its downtrend by bouncing off the $3–$6 range. However, the attempt was unsuccessful, and Near Protocol’s (NEAR) price has consistently been on a downward trajectory. According to analysts, potentially, the current price of Near Protocol (NEAR) of $1.692 could go down to $0.159 by next year, with a decline of over 90%.

word-image-32032-3.jpeg

Snowfall Protocol (SNW) captures market interest with major gains

The vision behind Snowfall Protocol (SNW) is to build a cryptocurrency market that is streamlined, compatible with other networks, and capable of speedy asset transfers between different blockchains. By removing these technical barriers, Snowfall Protocol (SNW) will allow people to participate in, and benefit from, any blockchain project of their choice. Snowfall Protocol (SNW) is a decentralised platform that facilitates asset trading between compatible and incompatible blockchains. Investors benefit tremendously from Snowfall Protocol (SNW) because they no longer need to pay exorbitant fees or worry about compatibility difficulties. While still in presale, the cost of Snowfall Protocol (SNW) has increased by a whopping 250%. Experts agree that Snowfall Protocol (SNW) is grossly undervalued at its current price of $0.095. It is predicted that once Snowfall Protocol (SNW) is launched, the price will surge by 500%. Thus, Snowfall Protocol (SNW) is a great investment opportunity because of its anticipated price increase.

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

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK