The crypto market is a high-risk venture. Small retailers protect themselves against poor decisions by taking a variety of factors into account before committing their hard-earned money. Whale movements are one common factor. Whales are large-position investors who can easily sway market prices when they “move.” Whales are mostly powerful entities that move their funds almost only when the stakes are high. The most recent whale migration has resulted in massive drops in Binance Coin (BNB) and Aptos (APT) as well as a corresponding pump in Snowfall Protocol (SNW).
Why Binance Coin (BNB) And Aptos (APT)?
The deteriorating market conditions are one of the reasons for the Binance Coin (BNB) -APT dump. The ongoing FTX contagion has made things even worse for the entire crypto ecosystem, which is currently being battered by the bears. Many Binance Coin (BNB) long-term holders have been releasing their coins back into the market, fearful of lower lows as market conditions worsen by the day. Most have cut their losses and invested in smaller-cap altcoins that promise massive returns when the market rallies, such as Snowfall Protocol. On November 8, Binance Coin (BNB) dropped 34% after the deal to bail out FTX fell through.
Aptos is the most recent in a long line of layer-1 blockchain networks that have been launched and have been unable to deliver on their promises of being a “killer” of those already in operation. Aptos claims to have a transaction rate of 130,000 TPS. These claims have been disputed by engineers who disclosed that Aptos’ transaction speeds are not even close to those of the Bitcoin network. This is just one of the network’s flaws. Many investors have cashed out of the project ell and transferred their funds to other projects.
Why Snowfall Protocol (SNW)?
Despite the ongoing price volatility, Snowfall Protocol has had a very successful month. The protocol continues to defy the bears with two massively successful presale events. But maybe the reason Snowfall Protocol has captured so much of the BNB and APT outflow is because of its high returns on investment and long-term viability. Snowfall’s team has been cautious and strategic to avoid falling victim to a pipe dream like Aptos.
Snowfall Protocol (SNW) is currently in its second stage of presales, with more than 90% of a total of 100 million tokens sold out. 95 million tokens were sold during the first stage. During the second stage, the protocol’s price increased by 450%, from $0.001 to $0.045. And, as the token enters the third stage, another 100% increase is anticipated.
This explosive growth has been fueled by an influx of new investor deposits witnessed since the presales opened. Price analysts predict that the SNW price will return 1000% to early investors during the launch period and an additional 4000% during the next bull run. As a result, Snowfall Protocol has shot up to the top of every astute investor’s list of low-cap gems with enormous potential.
Snowfall is the first cross-chain transfer ecosystem for fungible and non-fungible tokens. Their user-friendly dApp allows users to swap assets between EVM and non-EVM compatible chains. Snowfall Protocol (SNW) aims at helping the cryptoverse in achieving a multi-chain future with simplified on-chain communication by removing technical barriers that currently limit the ecosystem. And this is why the market conditions are one of the reasons for the BNB-APT struggling.
Click on the links below for further information about Snowfall Protocol (SNW)
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
Disclaimer
Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
Source: https://www.thecoinrepublic.com/2022/11/29/binance-bnb-and-aptos-apt-whales-turn-their-attention-to-snowfall-protocol-as-price-explodes-500/