When they were first introduced to the cryptocurrency market, Snowfall Protocol (SNW), Solana (SOL), and Cardano (ADA) caused significant market movement. While Solana and Cardano have failed to keep their investors pleased for long, Snowfall Protocol (SNW) is already showing promise as a profitable long-term investment. In this article, we will explore the current updates of all three tokens, and why investors are turning to Snowfall Protocol instead of the other two, for long-term gains.
Tiny Colony leaves Solana (SOL) right after DeLabs exit
While the cryptocurrency sector has felt the effects of the prolonged crypto winter, it was especially difficult for Solana (SOL). Though Solana (SOL) is home to a robust NFT ecosystem and a rising gaming ecosystem, many game producers have shifted to other platforms due to uncertain times and a 94% token price collapse. Tinyverse Games, creators of the popular blockchain-based MMO RTS game, Tiny Colony, have just revealed that they will be switching from the Solana (SOL) blockchain to Ethereum’s scaling network, Immutable X. With their shift from Solana (SOL), they aim to better accommodate the game’s planned NFT format. Tiny Colony’s decision comes shortly after DeLabs revealed that two of Solana’s (SOL) most prominent NFT collections, DeGods, and y00ts, would be crossing over to other platforms. Since its debut on the Solana (SOL) marketplace, Fractal, Tinyverse has racked up over $3 million in NFT revenues, as stated by the company. There’s no doubt that this will have a significant effect on Solana’s (SOL) business standing and performance.
Cardano (ADA) down by 89% from its all-time high
The company behind the Cardano (ADA) blockchain has been working on the development of a set of tools that will make it possible to create sidechains, with the first one already released as a public testnet. Cardano’s (ADA) new toolkit makes it possible to utilize its infrastructure properties to create sidechains. It was reported that Cardano’s (ADA) toolkit permits the sidechain to implement a consensus mechanism and additional features. A bridge connects it to the main chain, facilitating cross-chain transactions, and the main chain’s consensus processes determine block finality. As of the time of writing, the price of Cardano (ADA) has risen by 0.44% on the day, reaching $0.33. As crypto markets have begun to rise again, Cardano (ADA) seems to be doing quite well. This has led to a 21.25% increase in Cardano (ADA) over the previous week. Though Cardano (ADA) has recovered, it is still down by a whopping 89.3% from its all-time high of $3.09.
Snowfall Protocol’s (SNW) future looks bright, say analysts
Snowfall Protocol (SNW) may be a new cryptocurrency but there has been a lot of buzz around it in the crypto industry. Snowfall Protocol (SNW) aims to be an innovative blockchain system that prioritizes user security, privacy, and interoperability to facilitate multi-chain communication. The cryptocurrency industry is eager to watch how Snowfall Protocol (SNW) token fares in the long term considering its enviable performance so far. Tokens and assets can be transferred between blockchains with minimal effort using Snowfall Protocol (SNW). The outlook for Snowfall Protocol (SNW) is extremely bright, according to analysts. After selling over 200 million tokens in its presale phases, the value of Snowfall Protocol (SNW) has increased by a promising 500%, to $0.191. The value of Snowfall Protocol (SNW) is predicted to increase further in the first few months after its release, starting with a price of $0.22. Snowfall Protocol (SNW) is one of the most exciting cryptocurrencies to keep an eye on in 2023 because of its staking and yielding opportunities. Thus, it’s best to grab onto Snowfall Protocol (SNW) before the presale phase sells out.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
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