Avalanche (AVAX) And Solana (SOL) Are No Competition To Shining Snowfall Protocol (SNW)

There are many crypto projects that are in the talks of investors. Avalanche (AVAX), Solana (SOL), and Snowfall Protocol (SNW) are among them. However, these cryptos have performed differently on the growth chart. While Avalanche (AVAX) and Solana (SOL) have taken a downward turn, Snowfall Protocol (SNW) has been cruising fast with a mammoth growth rate. Snowfall Protocol (SNW) has surged more than 700% during the presale, which is about to end soon.

Negative Market Winds Hurt Avalanche (AVAX)

Developers of Avalanche (AVAX) have braced for 2023 as they have launched several updates and partnerships to help the platform come out of the bearish phase. Recently, Avalanche (AVAX) introduced the Core cryptocurrency wallet. The wallet is compatible with Avalanche’s (AVAX) network and other EVM-based blockchains.

However, the existing negative sentiments have hurt the market value of Avalanche (AVAX). The value of Avalanche (AVAX) has fallen by 17.28% in the past 30 days. The current trading price of Avalanche (AVAX) has come down to $10.75, which is about 93% below its all-time high of $146.22.

Solana (SOL) Falls Despite Support From Market Experts

Although Ethereum founder, Vitalik Buterin, recently praised Solana (SOL) and said that it has “an earnest smart developer community,” the value of Solana (SOL) has not seen any improvements. In contrast, the price of Solana (SOL) is falling rapidly. On the growth chart, Solana (SOL) has fallen by 28% in the last 30 days. As a result, the price of Solana (SOL) has come down to $9.90, which is more than 96% below its all-time high of $260.06.

Solana (SOL) is a blockchain platform built to host decentralized applications (dApps). Solana (SOL) is capable of processing more transactions at lower prices. Solana (SOL) functions on a proof-of-stake (PoS) and proof-of-history (PoH) consensus mechanism.

Snowfall Protocol (SNW) Skyrockets To 5000% Growth

Decentralizing and improving the functioning of the DeFi arena, Snowfall Protocol (SNW) has made a big name for itself in just a few weeks of its launch. Snowfall Protocol (SNW) is a blockchain platform related to cross-chain communication. Due to its first-of-its-kind inter-operation model, Snowfall Protocol (SNW) has become the favorite of investors who want to invest in projects with unique business plans. Snowfall Protocol (SNW) aims to eliminate technical barriers present between blockchain networks. Snowfall Protocol (SNW) is the world’s only platform built to facilitate the cross-chain transfer of fungible and non-fungible tokens (NFTs).

For the chain swaps of non-fungible tokens, Snowfall Protocol (SNW) uses a wrapping and swap protocol. For the chain swaps of fungible tokens, a canonical token bridge is used by Snowfall Protocol (SNW). Snowfall Protocol (SNW) also vows that the cross-chain transactions on the platform are accurate and do not suffer any discrepancies. The platform enables its users to swap assets between the popular EVM and non-EVM networks without any friction.

Snowfall Protocol (SNW) will have usability for Defi, infrastructure cryptocurrencies, stablecoins, and NFTs sectors, among others. Also, the vast usability of the platform empowers Snowfall Protocol (SNW) to amass a massive user base.

Due to its market viability, the presale rounds of Snowfall Protocol (SNW) have registered a historical growth. Snowfall Protocol (SNW) value has increased by more than 700% during the first three phases of presale. Subsequently, Snowfall Protocol (SNW) has successfully raised $3 million in the presale till now. The trading price of Snowfall Protocol (SNW) is currently at $0.17. However, Market analysts are hoping that Snowfall Protocol (SNW) will surge by another 5000% in the next few months.

get in while you can and invest in Snowfall Protocol (SNW) today!!!

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

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.