There are many crypto projects that are on the lips of investors. Avalanche (AVAX), Solana (SOL) and Snowfall Protocol (SNW) are among them. However, these cryptos have performed differently on the growth chart. While Avalanche (AVAX) and Solana (SOL) have taken a downward trajectory, Snowfall Protocol (SNW) is rising fast at a gargantuan growth rate. Snowfall Protocol (SNW) is up over 700% during the pre-sale which is ending soon.
Negative Market Winds Hurt Avalanche (AVAX)
The developers of Avalanche (AVAX) have been preparing for 2023 as they have released several updates and partnerships to help the platform out of its bearish phase. Recently, Avalanche (AVAX) launched the Core cryptocurrency wallet. The wallet is compatible with the Avalanche (AVAX) network and other EVM-based blockchains. However, existing negative sentiment has impacted Avalanche (AVAX)’s market value.
Avalanche (AVAX) is down 17.28% in the last 30 days. Avalanche (AVAX) current trading price is down to $10.75, which is about 93% below its all-time high of $146.22.
Solana (SOL) Falls Despite Market Insider Support
Although Ethereum founder Vitalik Buterin recently praised Solana (SOL), saying it has “a smart and reputable developer community,” Solana’s (SOL) value hasn’t improved. Looking at the growth chart, Solana (SOL) is down 28% in the last 30 days. As a result, the price of Solana (SOL) has fallen to $9.90, which is more than 96%, the bottom of its all-time high of $260.06. Solana (SOL) is a blockchain platform designed to host decentralized applications (dApps). Solana (SOL) is able to process more transactions at lower prices. Solana (SOL) is working on a Proof of Stake (PoS) and Proof of History (PoH) consensus mechanism.
Snowfall Protocol (SNW) Climbs 5000%
By decentralizing and improving how the DeFi field works, Snowfall Protocol (SNW) has made a big splash in just a few weeks of its launch. Snowfall Protocol (SNW) is a blockchain platform for cross-chain communication. Because of its unique interoperation model, Snowfall Protocol (SNW) has become a favorite among investors looking to invest in projects with unique business plans. Snowfall Protocol (SNW) aims to remove the technical barriers that exist between blockchains. Snowfall Protocol (SNW) is the world’s only platform designed to facilitate transfers between fungible and non-fungible token chains (NFTs). For non-fungible token chain swaps, Snowfall Protocol (SNW) uses a wrap-and-swap protocol. Snowfall Protocol (SNW) uses a canonical token bridge to exchange fungible token chains. Snowfall Protocol (SNW) also promises that cross-chain transactions on the platform are accurate with no discrepancies.
The platform enables its users to seamlessly exchange assets between the popular EVM and non-EVM networks. Snowfall Protocol (SNW) will be usable for defi sectors, infrastructure cryptocurrencies, stablecoins and NFTs, among others.
Don’t miss out on this opportunity to get in on the ground floor!
Be sure to check out Snowfall Protocol (SNW)’s presale before it ends! Stay connected with the links below. See you on the moon! 🌛🚀
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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