The crypto market is a rapidly-growing sphere of investment, with no shortage of opportunists looking for quick gains.
Many cryptocurrencies have experienced massive rallies in value in recent months, but which ones are outperforming the rest? In this article, we’ll take a closer look at some of the most popular cryptocurrencies on the market – Tron (TRX), Shiba Inu (SHIB), and Snowfall Protocol (SNW).
Tron (TRX) declines despite stablecoin launch
After the collapse of FTX, one of the largest cryptocurrency exchanges in the world, the cryptocurrency market has been in a state of shock, and TRON (TRX) is no exception. This has left Tron (TRX) investors wondering what could boost its price. The December 6 announcement by Tether Operations Ltd. that its offshore Chinese Yuan (CNHT) will be added to the Tron (TRX) blockchain should help Tron’s (TRX) price recover. With the introduction of the Chinese currency, TrueCNH, the Tron network (TRX) is releasing the blockchain counterpart of a central bank digital currency (CBDC). Despite its release, however, Tron’s (TRX) popularity has been on the decline in recent months. In comparison to its all-time high price of $0.3 in January 2018, Tron (TRX) is trading around $0.05, a drop of almost 81.66%.
Whale dump of over 70 billion, declines Shiba Inu (SHIB)
Recent data that was published by a large wallet tracker indicates that 100 of the largest addresses on the Ethereum chain dumped more than 72.4 billion Shiba Inu (SHIB) meme coins overnight. The total amount of money in Shiba Inu (SHIB) has decreased by about $600,000 since yesterday. From its all-time high of $0.00008 in late October 2021, the meme token, Shiba Inu (SHIB), has declined in value by around 75%. Following Bitcoin’s six-month low, the value of all cryptocurrencies, including Shiba Inu (SHIB) has fallen. Shiba Inu’s (SHIB) market cap has fallen to $11.35 billion. In its heyday, Shiba Inu (SHIB) was worth three times as much as it is now. The current price of Shiba Inu (SHIB) is $0.000024, which is 74.24% lower than its all-time high.
Snowfall Protocol (SNW) reaches new highs
The goal of Snowfall Protocol (SNW), the world’s first cross-chain transfer ecosystem, is to eliminate the technical hurdles that prevent blockchains from communicating with one another. To connect millions of users with their favourite blockchain projects, Snowfall Protocol (SNW) plans to make pathways for major gains using standard stablecoins and NFT bridges.
Snowfall Protocol (SNW) investors can stake their tokens, which allows them to participate in the platform’s governance while reaping the rewards of dividends and new tokens. The value of Snowfall Protocol (SNW) token has increased by almost 250% even before the presale has ended, as investors have rushed to buy more than 100 million Snowfall Protocol (SNW) tokens. The presale of Snowfall Protocol (SNW) is nearing its end. Thus, investors who wish to maximise their returns have a short window of opportunity to act before the entire Snowfall Protocol’s (SNW) token supply is gone.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
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Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
