In traditional markets, investors buy and hold assets in the hopes that they will appreciate in value over time. However, in the cryptocurrency market, there are a variety of factors that can affect an asset’s price, making it difficult to predict its future value. So which cryptocurrency should you hold on to and which one should you sell?
We’re comparing TerraClassic (LUNC), Ripple (XRP), and Snowfall Protocol (SNW) to help you make better investment decisions.
Ripple (XRP): an unstable cryptocurrency
It’s no secret that Ripple (XRP) has been on a bit of a roller coaster ride over the past few years. After hitting an all-time high of $3.84 in January 2018, Ripple (XRP) has tumbled down to a current price of $0.48. This is a massive 87% drop from its peak, and it doesn’t seem like things are going to get any better for Ripple (XRP) any time soon.
Ripple (XRP) has been plagued by a number of issues over the past few months, including regulatory uncertainty, loss of key partnerships, and a general lack of interest from the crypto community. These factors have contributed to the sharp decline in Ripple’s (XRP) price. If you’re thinking about investing in Ripple (XRP), be aware that there is a significant amount of risk involved. Ripple (XRP) is highly volatile and could fall even further in value in the months ahead. Before investing, be sure to do your research and understand the risks involved.
TerraClassic (LUNC) loses most of its value
The TerraClassic token (LUNC) has lost most of its value since it was first introduced. TerraClassic (LUNC) has experienced a negative year-over-year price movement of 100%, indicating that the long-term outlook for TerraClassic (LUNC) is unfavorable. The TerraClassic network, whose native token is LUNC, collapsed in May this year, wiping approximately $60 billion in market value when the project’s algorithmic stablecoin lost its peg to the dollar and TerraClassic (LUNC), the token that was intended to be its stabilizer, plunged into hyperinflation.
Recent trading activity for TerraClassic (LUNC) has been unfavorable, with a loss of 6.38% over the past 30 days. The TerraClassic (LUNC) token was worth $116.13 before May but is now worth just $0.000246. At this time, it is unclear what the future holds for the TerraClassic token and project. The massive loss in value for investors represents a huge risk for anyone considering investing in the TerraClassic (LUNC) token.
Snowfall Protocol (SNW) shows the highest growth potential
To begin with, Snowfall Protocol (SNW) is the first ecosystem designed for cross-chain transfers of fungible and non-fungible tokens. Snowfall Protocol (SNW) intends to alleviate the numerous technological barriers to entry and provide users with the opportunity to profit from any blockchain project of their choosing by utilizing the best tools that the platform has to offer. Snowfall Protocol (SNW) decentralized application gives users the ability to trade assets across chains that are both compatible and noncompatible with EVM.
Though still in presale, the price of Snowfall Protocol (SNW) has already jumped by more than 30%. However, at $0.075, the price of Snowfall Protocol (SNW) is still much below market value, making it the right time to invest in the token. Experts are predicting that Snowfall Protocol (SNW) might increase its size by a factor of 5000, by the time it is launched. Leading market analysts also believe that the value of Snowfall Protocol (SNW) could one day explode to become 1000x greater than what it is currently worth.
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