As we head into 2023, investors are on the lookout for cryptocurrencies that will help them diversify their portfolios and make them profits in the coming years. However, this year might prove to be a little difficult for investors as most cryptocurrencies have taken a hit and lost most of their value.

Algorand (ALGO) and Terra Classic (LUNC) are some of the coins that have not been doing too well in 2022. Luckily, there are still coins like Snowfall Protocol (SNW) that give investors a reason to hope for better days in the coming year.

Let’s take a deep dive into why Terra Classic (LUNC) is still on the decline, why Algorand (ALGO) is showing slight improvements and why Snowfall Protocol (SNW) is still the best option for investors.

Terra Classic (LUNC) Investors Are Worried for Their Investments

Terra Classic (LUNC) investors are deeply worried about the fate of their cryptocurrency investments. This is because Terra Classic (LUNC) has had a rough year in 2022 as it has been declining from the beginning of the year.

Terra Classic (LUNC) woes have been made worse by the recent news that Do Kwon, the founder of the Terra ecosystem is hiding in Serbia.

Some crypto analysts have predicted that Terra Classic (LUNC) might show some price increases moving into 2023. However, the chances of Terra Classic (LUNC) skyrocketing are very minimal, especially because of Du Kwon’s current legal woes.

It’s no surprise that Terra Classic (LUNC) investors have been looking for ways to diversify their portfolios by investing in better-performing coins such as Snowfall Protocol (SNW).

Algorand (ALGO) Showing Slight Price Increases

Algorand (ALGO), a layer 1 blockchain protocol has been showing slight improvements in its price after the Algorand (ALGO) platform was chosen as the blockchain platform to support a digital guarantees platform in Italy.

Algorand (ALGO) also joined the Italian Insurance Authority and the Bank of Italy to attend an event hosted by the Research center for Technologies Innovations and finance. The event was aimed at demonstrating how blockchain technology can be leveraged when issuing banks and insurance guarantees.

Banks and insurance guarantees are financial backstops issued by banks and insurance agencies to grantees that the liability of the debtor will be met.

Despite the recent gains, investors are not yet sure that Algorand (ALGO) can regain its value in 2023.

Snowfall Protocol (SNW) Continues to Defy Odds

Snowfall Protocol (SNW) is a cross-chain platform created with the goal of enhancing communication between blockchains.

There are more than 200 smart contract platforms on the blockchain today. While not all are useful, their value will continue to increase in the coming years. Snowfall Protocol (SNW) hopes to elevate multi-chain interoperation by enhancing friendliness among blockchain platforms.

Users can use the Snowfall Protocol (SNW) platform to send NFTs and fungible tokens from one blockchain to another. The platform also allows for the transfer of data between the most well-known blockchains even those that are not compatible with the Ethereum Virtual Machine.

Snowfall Protocol (SNW) features a stable coin bridge that allows Snowfall Protocol (SNW) users to leverage canonical token bridging to transfer stable coins such as BUSD, USDC, and USDT between EVM, and non-EVM compatible chains.

Snowfall Protocol (SNW) also features a staking platform that allows users to stake their coins and make profits from staking rewards while also getting raffles and earning fees from any of Snowfall Protocol (SNW) bridges.

Snowfall Protocol (SNW) has been moving from glory to glory from the beginning of the presale. Investors have been quick to purchase Snowfall Protocol (SNW) tokens. So far, over 3 million Snowfall Protocol (SNW) coins have been sold, raising a lot of funds for the budding platform.

Snowfall Protocol (SNW) investors have been rewarded significantly well as they have already seen a growth of over 250% on their investments. Investors are also looking forward to a great year as cryptocurrency market watchers predict a bright future for Snowfall Protocol (SNW).

Learn more about Snowfall Protocol (SNW) in the links below.

presale:

https://presale.snowfallprotocol.io

Website:

https://snowfallprotocol.io

telegram:

https://t.me/snowfallcoin

Twitter:

https://twitter.com/snowfallcoin

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