Last year was full of surprises for the cryptocurrency world. Then again, what year isn’t? Yet, even by cryptocurrency standards, 2021 was more volatile than other years. For starters, bitcoin hit a record high of $68,789.63, a feat that pushed the market cap of bitcoin to a colossal $1.27 trillion. To put that into perspective, only 16 countries in the world have a GDP higher than that!
However, the jubilance of bitcoin holders was short-lived and reached an anti-climactic end when bitcoin took a nosedive into its biggest crash so far. By mid-2022, over 60% of the wealth in bitcoin holdings was wiped out, and the market is yet to make up its mind on whether to look up or down.
Although the timing of the crash was unexpected, the crash itself did not come as a surprise for seasoned crypto investors. In fact, it was almost inevitable, and predictable!
A Tale Told Too Often
Despite their massive impact, the seismic crashes of bitcoin are anything but extraordinary. Just last year, bitcoin set an all-time-high record in April after breaching the $63,000 mark. Soon after, in November, it broke its April record and breached the $68,000 mark. From there, it quickly tumbled down to $30,000 before embarking on another strong bull run.
These shocking free falls are not limited to bitcoin. Ethereum lost close to 80% of its value between November 2021 and June 2022, before showing any signs of recovery. XRP lost 85% of its value during the same period, while Dogecoin lost over 70%. Cardano, Solana, Polkadot, Shiba Inu, Polygon, and many other cryptocurrencies have shared the same fate over the past year.
Is this what the crypto world looks like? Waves of devastating wildfires that crash and burn everything in their path every few months or years?
Yes and no – which answer applies to you depends on how you manage your crypto portfolio.
Snowfallprotocol.io (SNW) to be a Gamechanger for Crypto Investing
Savvy crypto investors know that it’s impossible to entirely avoid the crashes inherent to cryptocurrencies entirely. However, you can protect yourself against it with Snowfallprotocol.io (SNW)
Snowfallprotocol.io (SNW) protects crypto investors in two crucial ways. Firstly, it diversifies their investments into several cryptocurrencies. Diversification is a simple but time-tested trick that protects your crypto investment from localized market vagaries. Look at the performances of some cryptocurrencies, such as USD Coin, Binance USD, Dai, EOS, and so on, over the past year. You will notice that they have either maintained their positions or moved up. The big crashes have hardly affected them. That’s how markets work – some cryptos go up, some remain where they are, and some crash. By spreading your investment across multiple cryptocurrencies, Snowfallprotocol.io (SNW) protects your investment against crashes that a few of them suffer.
Secondly, Snowfallprotocol.io (SNW) uses machine learning to identify and invest in cryptocurrencies with the highest potential. Powerful ML algorithms evaluate various cryptocurrencies in real-time to quickly redistribute your wealth into the most promising cryptos. The keyword here is “real-time.”
When crypto investors lose money, it’s usually because they hold when they should be selling. With Snowfallprotocol.io (SNW) making real-time decisions, your funds are taken out of crashing cryptos and diverted to stable or rising altcoins.
Besides these features, Snowfallprotocol.io (SNW) also offers swapping, yielding, staking, and other lucrative opportunities too.
Although Snowfallprotocol.io (SNW) cannot prevent crypto crashes, it can help you circumnavigate them entirely with early detection and quick-response measures.
For more information about Snowfallprotocol.io’s (SNW) Pre-sale
Website: https://snowfallprotocol.io
Telegram: https://t.me/+E026J3nTy64OWIO
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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Source: https://www.thecoinrepublic.com/2022/09/29/worried-bitcoin-will-hit-another-free-fall-snowfallprotocol-io-snw-could-save-you/