It is not a good time to be a Polygon (MATIC) or Solana (SOL) investor. If you are one, you either want to cut your losses or average them out with a winner. If you are looking for a winner, Snowfall Protocol (SNW) might just be the answer.
The new cryptocurrency, yet to launch on January 3, has created waves among serious crypto investors. They understand the high-value use case of Snowfall Protocol (SNW) and want to invest in its high growth potential.
So, if you are invested in Polygon (MATIC), Solana (SOL), or both, you need to read this.
Polygon (MATIC) made waves when it was launched in 2017 as a replacement for the slower speed and higher transaction costs of the Ethereum blockchain. However, reaching its historic high in December of 2021, Polygon (MATIC) has experienced only a fall in its prices.
It does not help that the overall crypto market crashed, which lowered the price of Polygon. But, apart from the macroeconomic issues, there was also Ethereum's Merge that will chip away at Polygon's value. Merge eliminates the scalability and speed issues of Ethereum. So, with the USP of Polygon (MATIC) taken away, it will have little value to offer to investors.
In line with the predictions, Polygon's price has taken a nosedive. As of today, it has lost over 60% of its value from its recent high in December. The future of Polygon (MATIC) depends on how Ethereum decides to evolve, which makes Polygon (MATIC) a highly risky investment right now.
Solana (SOL) soared to new heights when it got support from industry biggies like Sam Bankman-Fried. With the collapse of FTX, Solana (SOL) has lost one of its biggest investors. According to one estimate, FTX holds approximately $100 million worth of Solana. As a consequence, Solana (SOL) prices have taken a nosedive.
The network issues that plague Solana (SOL) blockchain have also played their part in keeping the prices in a downtrend. Solana (SOL) has experienced multiple outages since its launch. Given that Solana (SOL) has been built by developers to provide a reliable and efficient network, its continued outages have not gone well with its investors.
As a result, Solana (SOL) has seen a drop in its prices. The bearish market pressures have ensured that Solana (SOL) does not see a price rise in the recent future.
Snowfall Protocol (SNW) has performed exceedingly well, given that it was founded in the middle of the worst bear run that crypto markets have seen. Snowfall Protocol (SNW) was among the best-performing pre-sale cryptocurrencies. The interoperability project has infused a new excitement in its investors, who made the crypto sell out a day before its Stage 2 sale was scheduled to close. With a stage 3 sale open, the coin is already selling at a 250% premium over its Stage 2 prices.
The coin has multiplied in value and is set for a January 3 launch. Even now, Snowfall Protocol (SNW) is pegged at an affordable price of $0.14. That is probably why investors are flocking to add Snowfall Protocol (SNW) to their portfolios. Experts predict that Snowfall Protocol (SNW) will likely create returns of over 1000x in the months following its launch.
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.