Crypto trading has hit rock bottom. Opportunities in the crypto markets are not as abundant as they used to be. Therefore, daily transaction volumes on all cryptos have taken massive hits. For savvy investors, it may be prudent to invest in cryptos with high potential and just HODL until things turn for the better, instead of trying to jump from one crypto to another and lose more of their funds in transactions. So, we’ve identified three cryptos that could be a good candidate for your investment – Snowfall Protocol (SNW), Solana (SOL), and NEAR Protocol (NEAR).
Solana (SOL) Is So Low That It’s a Good Buy
Solana (SOL) is an open-source crypto project with huge potential. Solana’s innovative hybrid model drastically boosts the scalability and speed of blockchain transactions. Indeed, Solana has deployed such a powerful infrastructure that it’s the biggest contender to Ethereum’s dominance in the smart contracts space. Currently, Solana is where the biggest number of NFT marketplaces are located outside of Ethereum. However, Solana has been beleaguered with a seemingly never-ending set of issues.
First and foremost, Solana’s outages are not secret to a crypto investor. Just this past year, Solana was down thrice for several hours. The recent FTX disaster shaved off over 60% of Solana’s value in a single day.
Despite all these problems, Solana’s utility has not changed. It continues to be a powerful crypto for smart contracts with high speed and low transaction fees. If and when Solana addresses its usability issues, it will be breakout crypto and give at least 200% to 300% returns.
NEAR Protocol (NEAR) To Recoil
NEAR Protocol (NEAR) offers a decentralized cloud-based platform that developers can use to build and deploy dApps that are exceptionally user-friendly. NEAR Protocol dapps are intended to be used by those who do not have much crypto or de-fi experience. NEAR Protocol’s unique take on sharding allows it to process over 100,000 transactions per second at transaction fees that are virtually zero. NEAR Protocol has embarked on an approximately $1 billion initiative to create the next generation of smart contacts and dAapps ecosystem that ushers in innovation and more participation from developers.
NEAR Protocol has fallen out of favor of investors this year. So, it’s currently valued at much lower levels than its peers. NEAR Protocol has lost more value by percentage in comparison to many other tokens for no reason. Evidently, NEAR Protocol is undervalued and will recoil sharply. So, HODL your NEAR Protocol funds.
Snowfall Protocol (SNW) Becomes Even More Promising
Snowfall Protocol (SNW) is one of the biggest blockbusters of 2022. Although the actual launch of the Snowfall Protocol (SNW) platform is set for January 2023, its performance in presales and early sales has been phenomenal. The presale witnessed huge participation, and stage 2 had to be closed a day early because the tokens were sold out. In the ongoing stage 3 sale, the Snowfall Protocol (SNW) token’s value has shot up by 250%. Analysts expect it to grow by 5,000% by the end of next month.
As a multichain bridge, Snowfall Protocol (SNW) will make it possible for users to move their assets, like NFTs, from one blockchain to another. So, Decentraland players can use their NFTs to play games on Axie Infinity, or move their collectibles to an NFT marketplace on Solana and sell them there. So, the more blockchains Snowfall Protocol (SNW) adds to its bridge, the more users and value it will gain.
Find out more about Snowfall Protocol (SNW):
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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