Why Terra Classic (LUNC), Snowfall Protocol (SNW), and Litecoin (LTC) Suddenly Shot Up by Over 6% Yesterday?

Terra Classic (LUNC)

As the fear, uncertainty, and doubt around
Terra Classic dissipates, positive sentiment returns to the currency. Terra
Classic’s sudden spurt in performance can be an amalgamation of many factors.

Recently, the developers of Terra Classic
(LUNC) have announced the formation of a new developer group, which they call
the “Joint L1 Task Force.” Among other things, the task force will focus on
layer-1 blockchain developments for Terra Classic (LUNC).

Then, there has been the rumor of Coinbase
contemplating to list Terra Classic (LUNC) soon. If that happens, it will be
the biggest positive development for Terra Classic (LUNC) since its crash and
burn early this year. Not surprisingly, this has led to an over 100% jump in
Terra Classic’s trading volumes. The many pending proposals are being passed by
the community, which can add to its growth.

Snowfall Protocol (SNW) is an interoperability project that has
created waves in the crypto universe. The cryptocurrency not only offers a highway to transfer funds and
assets across blockchains but also multiple staking and yielding opportunities
So far, Snowfall
Protocol (SNW)
has already
raised $3 million
before its upcoming launch on January 3, 2023. The crypto
increased by 250% in price from
Stage 2 to Stage 3 sale.

Snowfall Protocol (SNW) has already delivered
a lot of value to its investors. As its launch date is approaching, Snowfall
Protocol (SNW)
has shot up in value. The price rise stems from the
history of the coin’s performance and the kind of positive buzz it has already
generated. After its launch, Snowfall Protocol (SNW) is expected to increase by over 1,000%. This makes Snowfall
Protocol (SNW)
one of the top cryptocurrencies to watch in 2023.

Litecoin (LTC)

Since the middle of 2022, Litecoin has been
increasing in price with a simultaneous increase in support. Yesterday,
Litecoin embarked on an upward swing, with its price surpassing $65. Within one
day, Litecoin saw a rise of 6% in value. There was a minor downward correction
before it closed at a strong $70.

Crypto winter is here to stay, but Litecoin
is still going strong, making it one of the top gainers of the season. This
rally does not carry enough support for Litecoin to reach the magic $100 mark.
However, in August 2023, Litecoin has a scheduled halving event taking place.
This supply slash in Litecoin may lead to an increase in its price.


Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

The views expressed on this page are those of the author and not of The Portugal News.

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