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The rippling effect of the 2022 market shakedown is still affecting many big-cap cryptocurrencies. Polygon (MATIC) has lost about 85% of its value, while Bitcoin (BTC) has failed to break the resistance level.
On the other hand, the Snowfall Protocol (SNW) token is making waves as the best ICO of 2023. It has already become investors' favorite because of its ability to improve blockchain technology. In fact, Snowfall Protocol (SNW) has grown by more than 4000%, and it is aiming for new highs. Discover why Snowfall Protocol (SNW) is seeing such huge attention and demand.
The crypto market has not looked steady after the recent surge. There are mixed sentiments around many cryptocurrencies, especially since many fail to recover as fast as expected from the crypto winter.
Despite the surge in crypto market prices and modest gains for Bitcoin (BTC), alternate blockchain networks outside Ethereum are taking serious hits as investors leave them for better solutions. Polygon (MATIC), a layer two network, is in danger of decline after failing to break through a key resistance level and falling below intermediate price support.
Polygon (MATIC), which is currently trading at $1.08, is facing threats of breaking down to the $0.93 support level. If this happens, it might trigger further downtrend movement for Polygon (MATIC) and a drop below the $0.7 30-day low. However, if Polygon (MATIC) makes a u-turn by any chance, it can break near the resistance level and run to a liquidity level of $1.68. So far, Polygon (MATIC) has lost 3.6% in the last 24 hours.
Like Polygon (MATIC), Bitcoin (BTC) has also proven to be a bit of a high-risk investment zone for many people. After the FTX debacle, Bitcoin (BTC) price weakened and fell further to erase the mild gains it made from the recent surge. However, Bitcoin (BTC) is seeing increased user activities and raised TVL value. Therefore, this may be the only lining for the Bitcoin (BTC) price.
Snowfall Protocol (SNW) is set to hit the market with a bang as its main launch is scheduled for February 3rd. Investors are abandoning existing tokens like Polygon (MATIC) and Bitcoin (BTC) that have maxed out their bullish potential. Understandably, Snowfall Protocol (SNW)'s groundbreaking success in improving scalability is so massive. In fact, the hype around its utility is growing because investors are set to reap a 4000% gain.
In this bearish season, it is almost impossible to see a token that can grow by 4000% in a few weeks of introduction. However, the Snowfall Protocol (SNW) token achieved this by leveraging the interoperability needs of blockchain technology. The protocol is a cross-chain bridge – the first of its kind for both cryptocurrencies and NFTs. That's right! Fungible and Non-fungible tokens.
Snowfall Protocol (SNW) makes the right investment for diverse blockchain and non-blockchain users. For businesses and institutions, this is a great way to securely move funds around without any intermediary. For developers, it provides an enabling platform for developing new apps with cross-chain capabilities. NFT enthusiasts, collectors, and creators are not left out. It enables them to enjoy low-cost and high-speed minting. Plus, NFT holders can move their assets to different chains for different use.
Another distinct feature pushing its success is its multi-purpose support for more than 200 widely used EVM-compatible and non-EVM chains. Within the short time that Snowfall Protocol (SNW) has been used – it is already shaking up the crypto space. The launch is only a few days to go, and the Snowfall Protocol (SNW) token is still selling out for $0.20 in presale. Following a massive 400% gain in the past few weeks, Snowfall Protocol (SNW) will undoubtedly be a formidable name among cross-chain solutions.
As you can see, Snowfall Protocol (SNW) is just starting to hit its potential, while Bitcoin (BTC) and Polygon (MATIC) will likely not see the same gains in the near future. Investors who are interested in quicker gains might do better to invest in Snowfall Protocol (SNW), especially while tokens are so cheap.
Snowfall Protocol (SNW) tokens are available on their website, and Snowfall Protocol (SNW) will be available on PancakeSwap after the presale.
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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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.
