The long bearish winter has been a bumpy one for many assets. Avalanche (AVAX) and Fantom (FTM), two assets that have risen by more than 1000% from their listing price, were hit really hard. Avalanche (AVAX) has had a rough ride downhill; losing more than 90% of its value in 12 months.
Fantom (FTM), on the other hand, which traded at $3.2 sometime in November of 2021, is now hanging around the 20 cent zone. With all of these gloomy outcomes, market analysts are already suggesting assets like Snowfall Protocol (SNW), as a 5000X token in the next bull run.
While there are very obvious reasons for the huge price plunge with Avalanche (AVAX) and Fantom (FTM), this article explores how their use cases and level of adoption are also affecting investors’ sentiment to hold. Even more, we will see why investors are very bullish on early-stage tokens like Snowfall Protocol (SNW) as its presale round hits over $3 Million, along with a 100% investment bonus.
Avalanche (AVAX) use-case and market performance.
Quite simply Avalanche (AVAX) is another self-purported Ethereum killer, the only difference here is that Ethereum is still not dead, since the launch of AVAX in 2018. The Avalanche (AVAX) use-case solution is one that finds meaning in the speed limitations and high-fee problem plaguing legacy platforms like Ethereum (ETH).
Given Ethereum’s (ETH) upgrade and the unfolding of a more efficient 2.0 upgrade, platforms like Avalanche (AVAX) are already losing their need. Institutional-grade investors are usually the first to catch up with limitations like this, which is evident in the price landslide we have seen with Avalanche (AVAX). Another Avalanche (AVAX) drawback is its 2000 Avalanche (AVAX) staking requirement, which is over $26,000 worth of AVAX at the moment.
Fantom (FTM) use-case and market performance.
Similar to Avalanche (AVAX), Fantom (FTM) is another struggling “Ethereum killer”. The promise from its launch and found in the Fantom (FTM) whitepaper has been the classic high throughput, low latency, and low fees smart contract chain.
The worrying part has been that the Fantom (FTM) consensus protocol which uses Lachesis, an Asynchronous Byzantine Fault Tolerance (ABFT) consensus protocol is largely untested when compared to highly tested conventions like Proof of stake or Proof of Work.
These use-case limitations are some major reasons why Fantom (FTM) fell very hard as soon as the bear market-induced hype was out of the scene. During this period, most investors look out for long-term fundamentals to inform their investment decisions, and this has been evident in Fantom’s (FTM) price performance.
Snowfall Protocol (SNW): over 3 Million USD is raised during presale and no sign of slowing
Snowfall Protocol (SNW) offers a permissionless protocol for cryptocurrency users to swap tokens between chains like Ethereum (ETH) without losing custody. In a world where we depend on NFT marketplaces to swap NFTs between chains and centralized cross-chain tools to swap tokens between chains, Snowfall protocol (SNW) is offering a game-changing platform for cross-chain swaps that do not affect users’ sovereignty.
With blockchain developers leveraging various chains to optimize their dApps, tokens, or protocol performance, there is indeed a need for an infrastructure that facilitates such interaction and transfer seamlessly without tampering with wallet owners’ custody. This solution is what Snowfall Protocol (SNW) offers, without limits for all types of smart contract-minted tokens.
Interestingly, several analysts already predict a 500% ROI for early investors of Snowfall Protocol (SNW) token in the next bull run. Also, over $3 Million has been raised with Snowfall Protocol (SNW) as it remains a trending search term following its popularity.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.