In the past few years, crypto investment has evolved with crypto assets with innovative use cases taking over. NFTs, blockchain games, metaverse, and web3 are the new goldmine, as they have shown impeccable potential. Despite the uncertainties in market conditions, metaverse tokens like Axie Infinity (AXS) and The Sandbox (SAND) are surging in price and demand.
Similarly, Snowfall Protocol (SNW) is getting huge demand because it has the potential to connect protocols, networks, and metaverses. It is the first cross-chain solution, and experts are confident of its long-term success. However, will the Snowfall Protocol (SNW) rise by 1100% and clinch $2? Read on to find out if these projects have long-term potential.
Snowfall Protocol (SNW) to Reach $2 By 2024
A new popular blockchain project, Snowfall Protocol (SNW), is raising the dust as the most revolutionary project aimed at improving blockchain interoperability. The protocol supports seamless and easier cryptographic asset transfer for several EVM-compatible and non-EVM chains, including BNB Chain, Avalanche, Fantom, Polygon, Cosmos, Cardano, Ethereum, and so many others.
Snowfall Protocol’s success in presale indicates its need to increase the flexibility and inclusivity of blockchain networks. The project saw massive support with market whales and investors trooping to back their favorite. So far, Snowfall Protocol (SNW) has raised $5 million, with its token price rising over the roof to the moon.
Snowfall Protocol (SNW) uses a swap/wrap model for non-fungible tokens and a canonical/reverse canonical bridge for crypto asset transfer. This makes it possible for businesses to move assets securely, developers to build new dApps with interchain capabilities as well as individuals to use different protocols.
Snowfall Protocol token (SNW) is in its final presale stages, trading at $0.191 – about a 3700% rise. The token powers Snowfall Protocol (SNW) DeFi staking and yield farming ecosystem. Thus, experts are sure it may clinch $2 before 2024.
Axie Infinity (AXS) Up By 30%, Blockchain Games Thrive
Play-to-earn Ronin-based crypto game Axie Infinity (AXS) has shown signs of recovery after the sudden jump in cryptocurrency prices. Axie Infinity Shards (AXS) rose after sinking above a critical support level of $3.9 back in December. However, since the beginning of the year, Axie Infinity (AXS) has seen a steady price growth with 15 consecutive green candles from January 1st.
Metaverse and play-to-earn tokens are gaining more attention from investors, with AXS as a top choice. Axie Infinity (AXS) is trading around $12 with about a 56% rise within 72 hours. Axie Infinity Shards (AXS) finding strong support at $6 gave the bulls the go-ahead to push higher above the previous $10.5 resistance level. Meanwhile, if the price can push further and bounce off new resistance turn support level, Axie Infinity Shards (AXS) may cross $20.
Will The Sandbox (SAND) Cross $10?
Like Axie Infinity (AXS), The Sandbox (SAND) has risen substantially over the past few weeks. The Sandbox (SAND) features a blend of NFT, DeFi, and metaverse – a combination that has boosted its mainstream adoption. While crypto market prices remain purely speculative, there is no doubt that The Sandbox (SAND) price can clinch $10 soon.
At its peak, The Sandbox (SAND) settled at an $8.4 all-time high price, just about 16% lower than speculated $10 point. While the value of The Sandbox token (SAND) has been battered by the bearish market of 2022 – the token is recovering excellently and has gained more than 110% this year. As a result, analysts predict that the price may clinch $10 before 2024. However, the token has big hurdles to overcome at $0.93, $1.5, $2.9, $3.6, $4.8, and $6.8 resistance levels.
Snowfall Protocol (SNW) can connect blockchain networks and protocols, including metaverse platforms like The Sandbox (SAND) and Axie Infinity (AXS). Technical analysts are sure of its long-term viability and, thus – speculating for a 1000x price increase.
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