Cryptocurrency investing can be a complex and intimidating process, especially for those who are new to the space. There are thousands of different coins and tokens available, each with its unique characteristics and price movements. It can be difficult to know where to start, or even which tokens are worth investing in. Two of the most desired cryptocurrencies in the past were Cardano (ADA) and Dogecoin (DOGE). However, both have seen their prices fall below critical points in recent weeks. There is one token that has been gaining traction even in such a pessimistic market, which is Snowfall Protocol (SNW). In this article, we’ll discuss why.
Cardano (ADA) drops by 80% in a year
Cardano’s ADA token has been on a bit of a roller coaster ride lately. After hitting a high of $1.64 in early January, the price of Cardano (ADA) plunged to a low of $0.30 earlier this month – a decline of more than 80%. Cardano (ADA) used to be a widely admired cryptocurrency that showed significant growth in its initial years. However, recently, Cardano’s (ADA) market performance has dropped as its market cap has gone relatively low compared to other major cryptocurrencies. Cardano (ADA) continues to suffer criticism from investors who have not witnessed the cryptocurrency move above $1 since mid-2022, despite being one of the top cryptocurrencies by market capitalization in the blockchain industry. Cardano’s (ADA) price may continue to fall if it is unable to rise above its current price of $0.255. If the price of Cardano (ADA) drops below $0.245 in the next few days, it might signal the start of a new downtrend that could take it all the way below $0.220.
Dogecoin (DOGE) scares off new investors
As of this writing, the price of Dogecoin (DOGE) has dropped by 1.39%, to $0.0735. Dogecoin’s (DOGE) 24-hour trading volume has dropped over 35% to $405M. Though Dogecoin (DOGE) saw a remarkable increase in the latter half of October, the price declined significantly in December. Once the Twitter CEO stopped talking in support of Dogecoin (DOGE), most of that growth was erased. Investors are still selling Dogecoin for better-performing tokens, despite the company’s attempts to recover investor interest. New investors are also concerned about the forecast because they view Dogecoin (DOGE) as a risky investment. On the monthly price graphs, the value of Dogecoin (DOGE) is consistently falling. There has always been uncertainty around meme coins like Dogecoin (DOGE) as a single tweet could lead to price spikes or declines. Therefore, it is best to invest in more reliable cryptocurrencies like Snowfall Protocol (SNW).
Snowfall Protocol (SNW) raises over $3 million in 2 months
Snowfall Protocol (SNW) is the first cross-chain exchange ecosystem that was developed for both fungible and non-fungible tokens. Users are able to trade assets between the most popular Ethereum Virtual Machine (EVM) and non-EVM compatible networks with the help of Snowfall Protocol (SNW). Among the many reasons why investing in Snowfall Protocol (SNW) makes sense is that it has the most room for growth in the coming years compared to other cryptocurrencies. While still in pre-sale, the price of Snowfall Protocol (SNW) has increased by more than 400% in just two months. Additionally, growing confidence in the efficacy and growth prospects of Snowfall Protocol (SNW) has led some to predict returns 1000x higher than its current valuation. Snowfall Protocol (SNW) has recently entered the market and has already sold over 200 million tokens, raising over $3 million. This is a promising sign for the future and the crypto community is rushing to buy Snowfall Protocol (SNW) tokens to cash in on profits later.
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
