Throughout the history of cryptocurrencies, there have been several noteworthy bear markets. However, the bear market of 2022 has been more noteworthy especially due to the extreme use of trading leverage and excessive testing of decentralized financial systems. The overall market capitalization dropped from the 2021 high of $3 trillion to $1 trillion, a loss of $2 trillion.
However, in the gloom of the bear market, some coins like Solana, Avalanche, and Snowfall Protocol (SNW) have managed to rise.
In today’s post, we will look into Snowfall Protocol, Solana, and Avalanche, and why Snowfall is the best choice for investors.
Snowfall Protocol (SNW) Is Quickly Becoming a Top-Rated Coin
Snowfall protocol, a decentralized multi-chain protocol has become a top-rated coin despite being relatively new to the market. Snowfall Protocol (SNW) is a unique solution for blockchain users who want to swap all types of tokens between different blockchains.
Snowfall Protocol (SNW) supports all types of blockchains whether they are private, public, or consortium blockchains, irrespective of whether or not they are EVM-compatible.
Other than solving a major problem that faces blockchain technology, Snowfall Protocol (SNW) also promises long-term rewards for investors. One of the ways investors can earn rewards is by participating in Snowfall Protocol (SNW) staking pool. The staking pool’s current annualized returns for stakers is 14%. Participants also stand a chance to make more profits as the value of Snowfall Protocol (SNW) increases in the coming months.
With such utility and rewards in mind, it’s no surprise that Snowfall is breaking ground at unprecedented rates. Snowfall saw an 80% increase in value in the first phase of the presale. In the second phase over $3 million were raised. Experts predict that Snowfall Protocol (SNW) will be the next coin to 1000x. It is also expected that Snowfall Protocol (SNW) will have increased by about 5000% by the time of the official launch.
Solana (SOL) and Avalanche (AVAX) On the Recovery
Solana (SOL) and Avalanche (AVAX) are both popular blockchains created to replace the well-known blockchain platform Ethereum.
Solana (SOL) was launched in April 2020 as an Ethereum alternative with faster and cheaper transactions. According to Solana’s website, Solana (SOL) is capable of handling up to 50,000 transactions per second, which is a great improvement from Ethereum’s 15 to 30 transactions per second.
Solana (SOL) was created to focus on optimizing the hardware that cryptocurrency software runs on rather than only focusing on the software itself. Therefore, Solana (SOL) creates room for the creation of decentralized applications of all types, not just financial ones.
Solana (SOL) has won over the hearts of crypto investors since its launch. As a result, Solana (SOL) ranks among the top ten cryptocurrencies by market cap and has become increasingly popular with developers.
Avalanche (AVAX) is another project developed as an alternative to Ethereum. Avalanche (AVAX) can handle up to 4,500 transactions per second. The Avalanche (AVAX) platform is famous for its compatibility with Ethereum-built software, which makes it possible for developers to transfer smart contracts from Ethereum to Avalanche (AVAX).
Like Solana, Avalanche (AVAX) has become popular among developers in the recent past, projects such as SushiSwap, Chainlink, Curve, and Aave have all built on Avalanche (AVAX).
Ethereum killers Solana (SOL) and Avalanche (AVAX) have proven to be some of the most resilient coins in the ongoing crypto winter. After dripping slightly, the two projects gained back their value. However, as we move into 2023 and hopefully away from the bearish market, it is Snowfall Protocol (SNW) that will become the best option for investors. With such a great start to its presale, Snowfall Protocol (SNW) is without a doubt headed for exceptional returns in the coming months.
Learn more about Snowfall Protocol (SNW) in the following links
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.