Like all young markets, the crypto market is highly volatile. Its volatility makes it more challenging to pick winners. However, if you learn how to identify the cryptos you should avoid, you can multiply your returns quickly. In the current market climate, many coins have failed to prove their utility and lost value. Apecoin (APE) and Chiliz (CHZ) are among such coins. However, winners like Snowfall Protocol (SNW) continue to deliver high returns to their investors. So, let’s find out their differences.
Apecoin (APE) has a shining pedigree. Apecoin (APE) was airdropped to the celebrated NFT collections Mutant Ape Yacht Club and the Bored Ape Yacht Club. The framework of Apecoin (APE) allows it to function as a decentralized governance system for community operations. Built on the Ethereum blockchain, Apecoin (APE) is primarily used by its developers to incentivize community building.
Apecoin (APE) has failed to present a solid use case. In that sense, it is most likened to meme coins like Dogecoin and Shiba Inu. While Apecoin (APE) was launched with much pomp and show, it has failed to retain its momentum. Even with celebrity names linked to Apecoin (APE), its price trajectory has largely remained volatile and uncertain.
Chiliz (CHZ) is an ERC20 token that allows individuals to purchase fan tokens. Its primary customer base resides in the entertainment and sports industry. In August 2022, Chiliz (CHZ) announced a collaboration with the Barcelona football club. The token surged 70% in volume. Investors rallied behind the coin as they awaited it to deliver incredible returns with the launch of the FIFA World Cup in Qatar.
However, Chiliz (CHZ) disappointed all its investors. With the fall of FTX compounding the many issues faced by the Chiliz (CHZ) blockchain, the prices of Chiliz (CHZ) actually went down. For a crypto like Chiliz (CHZ) , built around sports & entertainment, FIFA World Cup should have been a watershed moment. In a way, it was. Its fall during the FIFA World Cup completely made it unreliable for investors, who are dumping the coin.
Snowfall Protocol (SNW) has proven multiple times that it offers a utility-driven use case and has the potential to create value for its investors. Snowfall Protocol (SNW) provides interoperability among different blockchains. So, Snowfall Protocol (SNW) users can seamlessly transfer their assets across other blockchains. The early investors identified the value in the currency. And Snowfall Protocol (SNW) has maintained its trust.
After delivering one of the best presale sessions for any cryptocurrency in 2022, Snowfall Protocol (SNW) has also closed the stage 2 sale on a high note. The coin was actually sold out a day before stage 2 ended. As it starts stage 3, its price has already risen 250% over its stage 2 price. With its launch on January 3, the currency is expected to deliver returns of over 1000% in the coming months. At its current price of $0.095, the Snowfall token is a steal deal.
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