In the past few years, we have seen the rise of many new protocols and projects in the crypto space. Amongst these, Polkadot (DOT) and Cosmos (ATOM) have been two of the most successful and widely known. However, there is a new project on the horizon that looks set to challenge these giants – Snowfall Protocol (SNW). So, what is Snowfall Protocol (SNW) and why do we think it has the potential to surpass Polkadot (DOT) and Cosmos (ATOM)? Read further to find out more.
Cosmos (ATOM) declines over 35% after FTX collapse
It’s no secret that the cryptocurrency market has been in a slump lately. However, some coins have fared worse than others. Cosmos (ATOM), for example, has dropped by 8% in the past week alone. Cosmos’s (ATOM) performance has been in line with the market average. There was a 6.23% drop in value over the previous day, as reported by market watchers. The weekly analysis shows that Cosmos (ATOM) could drop further by 6% in the coming week. Cosmos (ATOM) is now trading at a price of around $8.94. As the Cosmos (ATOM) market price falls below its resistance level of $10, it is no longer running in the list of the most preferred cryptocurrencies. The possible reason for Cosmos (ATOM) decline could be the FTX collapse that made the token lose over 35% of its price. If the implications of the FTX drop aren’t addressed, market watchers suggest that Cosmos (ATOM) might see another blowout before 2022 ends.
There has been a steady drop in the value of Polkadot (DOT) throughout 2022. The value of DOT, Polkadot’s native cryptocurrency, declined by over 81% this year. In particular, a major drop in Polkadot’s (DOT) price was seen at the start of December. As of December 21st, Polkadot (DOT) was trading at $4.60, a loss of as much as 13% from a week earlier. The bears have control and are expected to maintain their downward momentum, as seen by the monthly decline in the Polkadot (DOT) price. Polkadot (DOT) has lost 0.91% of its value in the last day, continuing its gloomy trend. Trading below the moving average indicates that the short-term bearish trend in Polkadot (DOT) market is likely to continue. Therefore, Polkadot (DOT) is considered a high-risk investment option for potential buyers.
If you want to transfer tokens from one blockchain to another without giving up custody, Snowfall Protocol (SNW) is an ideal platform. Snowfall Protocol (SNW) provides a game-changing infrastructure for cross-chain exchanges that do not compromise users’ privacy, replacing the current reliance on third-party NFT marketplaces and centralized cross-chain utilities. Thus, experts project a 500% return on investment (ROI) for early buyers of Snowfall Protocol (SNW) tokens during the next bull run. Snowfall Protocol (SNW) presale has already raised over $3 million. Also, with its presale gains, Snowfall protocol (SNW) has quickly become a community favorite. With the start of Snowfall Protocol’s presale phase 3, the SNW token is now being sold for over 300% ahead of its phase 2 pricing. The current price of Snowfall Protocol (SNW), at $0.14, is still undervalued and is expected to increase by 5000% within the next few months.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
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