The cryptocurrency market has recently experienced drastic fluctuations, and investors are expected to encounter more difficulties due to rising interest rates. Fortunately, the risk in asset price can be managed by investing in relatively stable currencies, such as Snowfall Protocol (SNW), which is at the last stage of its presale and will soon be released on public exchanges.

Snowfall Protocol (SNW) prices are steadily rising while other tokens, such as Polygon (MATIC) and Polkadot (DOT), are struggling to match their numbers.

Polygon (MATIC)

Polygon (MATIC) is a blockchain scaling platform and a cryptocurrency of the Polygon (MATIC) network. The crypto coin uses $MATIC as a symbol and operates on the Ethereum blockchain. It is built on a proof of stake consensus algorithm. As a result, you can lock up Polygon (MATIC) holdings to earn staking rewards through a validator or by becoming a validator yourself.

Polygon (MATIC) is one of the most scalable crypto coins, with a top transaction speed of 65 thousand transactions per second. It is available on multiple crypto exchanges, such as Binance, Kraken, and Coinbase. Polygon (MATIC) was introduced with an initial price of $0.00263 with a total supply of 3.23 billion tokens. The sale of these tokens secured $5 million at the time.

At the beginning of 2021, MATIC network was rebranded to Polygon network, shooting the token’s price to an all-time high of $2.40. Currently, you can buy Polygon (MATIC) at $1.09 as it is following a long-term bullish trend. However, comparing this rate to recent prices, MATIC has witnessed a -5.37% of the price drop.

Moreover, the majority of cryptocurrency experts believe that Polygon (MATIC) may suffer in the upcoming years. The predicted forecast points toward a bearish Polygon (MATIC) market, as the price is expected to go as low as $0.035 by 2023. Based on more predictions, MATIC’s price will start climbing again in 2024.

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Polkadot (DOT)

Polkadot (DOT) is a blockchain platform with its native cryptocurrency called $DOT. It is used for paying network fees and obtaining voting and validating rights. The first Polkadot (DOT) token sale was organized in 2017, and one token was sold at $0.29. Nowadays, the price of Polkadot (DOT) has reached $6.65 with a 24-hour trading volume of $182.86 million. Compared to its recent rates, Polkadot (DOT) has increased by +0.64% in value.

The reason Polkadot (DOT) prices are soaring is due to the Bitcoin (BTC) price drop. The Bitcoin (BTC) price fluctuations caused by macroeconomic headwinds and bankruptcies in the crypto world have paved the way for Ethereum and other crypto assets. Even though Polkadot (DOT) is not at its all-time high rate, it is still faring better than other cryptocurrencies in the current bearish market.

Regardless of its ongoing streak, crypto experts are conflicted about its future price. Some predictions state that Polkadot (DOT) will reach up to $14.54 by the middle of 2023. Meanwhile, it is also not expected to go above $7.95.

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Snowfall Protocol (SNW)

Snowfall Protocol (SNW) is a crypto token and the first cross-chain transfer ecosystem that supports fungible and non-fungible tokens. Users can install the decentralized app and swap assets across Ethereum and non-Ethereum-supported chains. Snowfall Protocol (SNW) also supports the transfer of stablecoins (USDT, USDC, and BUSD) by using canonical token bridging.

Snowfall Protcol’s $SNW crypto coin is quickly gaining popularity in the crypto market as it operates on its native unique blockchain protocol. Moreover, it is compatible with both Ethereum and non-Ethereum-based blockchains.

The main cause for the popularity of Snowfall Protocol (SNW) is that it offers diversity in the portfolio of crypto investors. Moreover, this coin has high growth potential because of its innovative, high-tech offerings.

Since its presale, Snowfall Protocol (SNW) has witnessed immense growth by raising $3 million in total. It is currently priced at $0.20 and expected to reach a 1000x growth (5000% increase) until its official launch. The official launch of Snowfall Protocol (SNW) is scheduled for February 23, 2023, at the rate of $0.22. However, crypto investors can still participate in the Snowfall Protocol (SNW) staking pool to earn various rewards and a stake return of 14%.

Wrapping Up

Snowfall Protocol (SNW) is an open-source protocol and a crypto token that has been in high demand since its presale. As it is predicted to grow to 5000%, investors recognize this opportunity and support this project to further enhance their portfolios. This makes this crypto token the best investment opportunity, especially since Polkadot (DOT) and Polygon (MATIC) prices are expected to drop in the upcoming years.

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