The FTX collapse has created an uncertain environment in crypto space. The effect of the FTX crisis was so strong that even the most popular crypto players like ApeCoin (APE) and Cosmos (ATOM) fell prey to it. Due to the recent market plummet, ApeCoin (APE) and Cosmos (ATOM) are losing ground. Snowfall Protocol (SNW), on the other hand, remains firm and is expanding continuously to establish a strong foothold in the blockchain space. Snowfall Protocol’s (SNW) price has increased by 300% in just a couple of months, and is expected to increase by 5000% after its launch. Let’s have a look at how ApeCoin (APE), Cosmos (ATOM), and Snowfall Protocol (SNW) are doing amid the crypto crash.
ApeCoin (APE) has dropped by 89.80% in the past 12 months
Currently trading at a price of $4.01, ApeCoin (APE), the cryptocurrency empowering the Bored Ape Yacht Club, has seen numerous ups and downs in the past 12 months. Despite the continuous innovations within the Ape ecosystem and several tie-ups, ApeCoin (APE) has experienced a steady decline in its price. Interestingly, the NFT token recorded its all-time high of $39.40, and an all-time low of $1.00, on the same day, i.e., on March 17, 2022. ApeCoin‘s (APE) price is continuously rising for the last 3 days. On December 12, 2022, the world’s largest cryptocurrency exchange, Binance, announced an Ape NFT staking program on their Marketplace. This could be the reason behind ApeCoin’s (APE) price stability and growth. Some experts still see ApeCoin (APE) as a long-term opportunity and believe that it will recover soon, whereas others want to sell their holdings and want to invest in a protocol that will provide them with recurring profits, like Snowfall Protocol (SNW).
FTX crisis drags Cosmos (ATOM) down
Soon after the FTX crash, which led to a major drop in Cosmos’s (ATOM) price, the project’s community denied the implementation of a new tokenomics framework. This caused a record-breaking decline in Cosmos’ (ATOM) price. Due to the volatility caused by the FTX crisis, investors are scared to invest in Cosmos (ATOM) and are looking to migrate to other growing projects, such as Snowfall Protocol (SNW). Cosmos (ATOM) has fallen below $10, and is currently trading at $9.61, which is far away from its all-time high of $44.70.
Experts suggest Snowfall Protocol (SNW) as the best investment option for 2023
Remaining unaffected by the recent market crash, a new entrant, Snowfall Protocol (SNW), has become everyone’s go-to investment platform. Snowfall Protocol (SNW) has seen a whopping 300% increase in price from its presale value amid the recent dip in the market. Currently trading at $0.095, Snowfall Protocol (SNW) is in the process of launching their Dapp to make their features available at your fingertips. Snowfall Protocol(SNW) is in its third presale stage and is offering lucrative opportunities for investors under its “Giveaway” scheme. The protocol has had no lookback since its entry and is expected to surpass major crypto players, which are badly hit by the FTX crisis, like ApeCoin (APE) and Cosmos (ATOM), in the coming future.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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