Ripple (XRP) fails to grow in price
In July this
year, Ripple Labs announced that former Ripple (XRP) co-founder and creator of
the Stellar cryptocurrency, Jed McCaleb, has sold his last 9 billion XRP
tokens. Since he was no longer promoting Ripple (XRP) into the market, experts
believed that it could relieve some of the downward pressure on the price.
However, in spite of the prediction, Ripple (XRP) couldn’t sustain a price
above $0.40. Ripple (XRP) recently released the last quarter’s market report
and the numbers do not look good.
The report
stated that the company’s Ripple (XRP) reserves were less than half of the
overall supply. It also revealed that Ripple’s (XRP) net acquisitions dropped
by about $100 million from the previous quarter. At the time of writing, the
technical analysis shows that Ripple’s (XRP) sentiment is bearish, with less
than 8 out of 30 positive indicators. Thus, Ripple’s (XRP) price may drop from
$0.39 to $0.29 by the end of December, as per experts.
Unus Sed Leo (LEO) declines over 18% in just a month
Unus Sed Leo
is a subsidiary of iFinex that works as a utility token for Bitfinex. Unus Sed
Leo (LEO) can be used on Bitfinex, a cryptocurrency exchange, to lower the
costs of trading, borrowing, and other exchange operations. Despite the
impressive features that Unus Sed Leo (LEO) has to offer, the token’s value has
dropped significantly over the past month. Unus Sed Leo (LEO) has lost 18.58%
of its value in the last 30 days. With a 35% loss in value over the previous
three months, Unus Sed Leo (LEO) has been on a consistent downward trend.
Investment in Unus Sed Leo (LEO) should be considered risky due to its volatile
nature. A possible drop in Unus Sed Leo’s (LEO) value has been linked to
current events involving the US government and illicit financial transactions.
It has been speculated by market watchers that long-term holders of Unus Sed
Leo (LEO) may suffer a financial loss. Potential investors are cautioned to
avoid Unus Sed Leo (LEO).
Snowfall Protocol (SNW) is a big hit in the market
Snowfall
Protocol has recently gained attention since it is one of the rare
protocols to support cross-chain transactions. The ability of Snowfall
Protocol’s (SNW) dApp to trade assets within blockchains without the
need for third-party platforms allows blockchains to work together seamlessly
and effectively. Snowfall protocol (SNW) is a multi-chain
co-operability platform that allows for secure and easy exchange of
EVM-compatible and non-EVM-compatible assets between different blockchain
networks.
Snowfall
Protocol (SNW) is currently in its presale phase, and has recently
concluded its second phase successfully.
More than 100 million tokens were sold, making the price of Snowfall
Protocol (SNW) soar from
$0.005 to $0.075 in just two months. The future looks great for Snowfall
Protocol (SNW) and its investors considering the token’s potential
to grow. Moreover, after its launch, several experts predict that Snowfall
Protocol (SNW) will see a
price increase of 5000%.
Get in while you can and invest in
Snowfall Protocol (SNW) today!!!
Presale:
https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter:
https://twitter.com/snowfallcoin
Disclaimer:
The views expressed on this page are those of the author and not of The Portugal News.
