The crypto winter’s effects are slowly waning and cryptocurrencies are showing signs of recovery. However, new crypto launches, especially of tokens such as Snowfall Protocol (SNW), have been the talk of the market recently. While popular tokens such as Ripple (XRP) and Stellar (XLM) have shown some improvement, they are still far from providing investors what Snowfall Protocol (SNW) has achieved in less than 3 months. In this article, we will discuss the three tokens to help investors choose the best cryptocurrency to add to their portfolios.
Ripple (XRP) drops despite huge whale transfer
In the last few days, many large transactions of Ripple (XRP) have been performed, including one that may be termed “massive,” according to the popular cryptocurrency tracking platform Whale Alert. According to WhaleAlert, whales have transferred over 357 million Ripple (XRP), which are worth $141 million, over numerous transactions. More than 280 million Ripple (XRP), equivalent to almost $110 million, have been transferred from unknown wallets. On the other hand, large investors have transferred $10.1 million worth of Ripple (XRP) to the Bitstamp cryptocurrency exchange. However, as time goes by, and investor interest in the cryptocurrency market wanes, the value of XRP, Ripple’s native cryptocurrency, continues to fall. Currently, Ripple (XRP) costs $0.43. Compared to its all-time high price of $3.84, Ripple (XRP) is down 88.79%. Moreover, the market cap of Ripple (XRP) has gone down by 3 billion in the last 3 months, from $25.13 billion to $21.82 billion.
Stellar (XLM) might decline further to $0.084
According to Whale Alert, 1.3 billion Stellar (XLM), worth about $108 million, were sent from the Bittrex exchange to an unknown wallet. Curiously, this large Stellar (XLM) trade took place right in the middle of the International Economic Forum, which was taking place in Davos, Switzerland, at press time. Stellar Development Foundation, the parent organization behind Stellar (XLM), is well-represented across the forum, from humanitarian to blockchain-based panels.
The price of Stellar (XLM) broke into a downward cycle in the second week of January 2023. In mid-January, when Stellar’s (XLM) rate of expansion intensified, it hit a high of $0.090. The high price showed a possibility of higher prices in the near future for Stellar (XLM). However, the latest price chart has established a bearish divergence during the past 24 hours, which may indicate that Stellar’s (XLM) downward trend will persist. If that were to happen, Stellar (XLM) could soon move down to $0.084 in the next few days.
Snowfall Protocol (SNW) to surge by 1000% in February
For crypto enthusiasts who are constantly looking for the next big thing, Snowfall Protocol (SNW) has become the most sought-after asset. To facilitate seamless asset transfers between 200+ EVM and non-EVM compatible networks, Snowfall Protocol (SNW) has been developed as a blockchain-based ecosystem. Snowfall Protocol (SNW) is the first-of-its-kind in the blockchain space, and is soon to release its decentralized application, whose prototype debuted earlier this month. Additionally, Snowfall Protocol’s dApp will eliminate the need for third-party intermediaries.
The demand for the token is skyrocketing, despite the fact that Snowfall Protocol (SNW) hasn’t even been released yet. This is partially because its prototype was released in January, and has been successful in impressing crypto enthusiasts and investors. Snowfall Protocol (SNW) token price increased by 250% from the Stage 2 presale to Stage 3 presale start. Furthermore, it surged over 500% in the third stage alone, to its current price of $0.191. It is anticipated that Snowfall Protocol (SNW) would experience explosive growth after its launch in the first week of February. Market anticipates a dramatic increase of 1000% in the Snowfall Protocol’s (SNW) value in the months following its introduction.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
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