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The crypto space is filled with a variety of protocols vying for user adoption. Two of the most popular protocols are Ripple (XRP) and Polygon (MATIC). Both have their advantages and disadvantages, but Snowfall Protocol (SNW) is quickly gaining ground as a protocol that offers a better overall experience. What are these benefits and why are investors more inclined toward Snowfall Protocol (SNW)? Read ahead to find out.
Ripple (XRP) faces price declines with its legal case
Since its legal battle with the United States Securities and Exchange Commission (SEC) began two years ago, the price of Ripple (XRP) has been under pressure. Many in the cryptocurrency industry are keeping a close eye on the Ripple (XRP) case since the outcome could have far-reaching consequences. The price fluctuations will continue till the beginning of 2023 when the decision about the case is anticipated to be handed down. As of 10 days ago, the price of Ripple (XRP) was declining and approached a low of $0.38. This drop in Ripple’s (XRP) price may be attributed to short-term traders taking profit due to the unclear conclusion. Furthermore, Ripple (XRP) lost 10.08% of its value during the previous week. Within 24 hours, Ripple’s (XRP) price dropped by 2.99% to $0.34. Comparing this price to Ripple’s (XRP) all-time high of $3.84, it is approximately 91% lower and is expected to decline further in the coming months.
Polygon (MATIC) drops by 12% in a week
Since Polygon’s (MATIC) all-time high of $2.92 in December 2021, the price of the token has declined significantly. The decline seemed to have ended in June 2022 when Polygon’s (MATIC) price dropped to $0.31, but it rebounded strongly at $1.31 in October. Nevertheless, the value of Polygon (MATIC) has been falling since. The recent FTX-Alameda issue caused FTT to plummet by 30%, contributing to the wider market collapse. Thus, Polygon (MATIC), along with many other cryptocurrencies, has been seeing a downtrend. This decline recorded a loss of 41.3% and a reduction to local support of $0.76. Polygon’s (MATIC) price has dropped to $0.783, and the weekly decrease of over 12% suggests that this trend may continue. After reaching its all-time high last year, Polygon (MATIC) has now fallen by 73.31%. According to market analysts, Polygon (MATIC) is not a good long-term investment and they suggest investors to be cautious.
Snowfall Protocol (SNW) to yield 5000% returns in 2023
The goal of Snowfall Protocol (SNW) is to implement a decentralized, global, and secure cross-chain communication platform that would revolutionize the crypto market. Additionally, Snowfall Protocol (SNW) aims at enabling users to transfer assets across blockchains without the need for third-party platforms that ask for high fees. Snowfall Protocol (SNW) accomplishes its goals by removing technical barriers and making its platform extremely user-friendly. At the end of its second round of presale, Snowfall Protocol raised $3 million and sold over 180 million tokens.
Also, the second round of presale ended a day early, with Snowfall Protocol’s (SNW) prices rising over 250%. The rising investor optimism over Snowfall Protocol (SNW) carried over to the third presale round. Tokens for Snowfall Protocol (SNW) started at $0.095, in the third round, and are currently trading at $0.14. Experts predict that Snowfall Protocol (SNW) could be launched for $0.24 if the current trend continues, yielding a remarkable return of over 5000%. For anyone looking to start 2023 with major price returns, one should invest in Snowfall Protocol (SNW).
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
