Despite these risks, the crypto market continues to grow at an impressive rate. This is due in part to the launch of new protocols, such as Snowfall Protocol (SNW), which address some of the key challenges facing the industry. But what makes it better than two of the most well-known cryptocurrencies in the market – Cardano (ADA) and Fantom (FTM)? Read ahead to know all about it.
Cardano (ADA): a “real risk”
Many cryptocurrency investors have become weary of the market in recent days due to the sharp decrease in prices, especially that of Cardano (ADA). Cardano (ADA) has reached new annual lows twice in the past few weeks, raising concerns amongst investors. Cryptocurrency analysts consider investing in Cardano (ADA) a “real risk”. According to the analysts, the price of Cardano (ADA), a platform for creating and managing smart contracts, might fall further. Cardano (ADA) is expected to decline by another 60% or more during the bear market in the coming year. Cardano (ADA) has fallen from its all-time high, near the $3 mark recorded last year, to its current trading price of roughly $0.31, at the time of writing. As the negative market continues, Cardano’s (ADA) price may drop between $0.10 and $0.20, sometime in 2023, as per experts.
Fantom (FTM) leaves no hope for investors
Like many major altcoins, Fantom’s (FTM) price motion was disappointing as it fell along with its peers. The price chart for Fantom (FTM) over the past three months shows declining performance. Though the market seemed to be in favor of Fantom (FTM) when it reached a high of $0.402 in the middle of August, the token rapidly declined soon after. As of last month, Fantom (FTM) has risen to $0.30, a little more than its price in October. However, yet again, Fantom (FTM) fell sharply to $0.172, which is a three-month low. Fantom (FTM) on-chain indicators suggest a potentially promising future for the token in the event of a recovery. However, there isn’t much scope for Fantom (FTM) at the moment, as the price is down 13.99%, and key supply-demand indicators are looking dismal.
Snowfall Protocol (SNW) and its meteoric rise
Snowfall Protocol (SNW) has been called one of the most innovative ideas in the cryptocurrency market by experts. Snowfall Protocol (SNW) is praised for its innovative interoperability architecture, which eliminates the need for consumers to pay high fees for asset transfer with third-party intermediaries. Snowfall Protocol (SNW) also removes incompatibilities when moving these digital assets from one blockchain to another.
As per crypto enthusiasts, Snowfall Protocol (SNW) is a game-changer that could soon replace some of the most well-known currencies in the market. Currently, Snowfall Protocol (SNW) has completed two successful presale rounds. Snowfall Protocol’s (SNW) price has risen by 250% in two months and is expected to increase by over 5000% in the near future, ahead of its launch. Snowfall Protocol (SNW) has shifted investors’ perspectives towards the volatile crypto market and those who invest in it will soon reap profits.
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
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