A black swan event like the FTX crash has rocked the entire crypto market. He brought down many cryptocurrencies with it. Between December 12th and 14th, Binance saw more than $6 billion in withdrawals. Obviously, after what happened at FTX, users are skeptical about Binance. Due to this new fear, investors are migrating their investments from Binance USD to the Snowfall Protocol (SNW).
What is Binance USD?
Investors Move from Binance USD Following Collapse of FTX?
Snowfall Protocol (SNW) Emerges As Preferred Destination for Users?
Snowfall Protocol (SNW) is exactly what investors are looking for right now. It is a simple coin with a strong interoperability use case. It is fully decentralized and its developers have a clear vision of how it should evolve. Additionally, Snowfall Protocol (SNW) is completely transparent in its operation and offers incredible opportunities for traders to participate. Demand for Snowfall Protocol (SNW) has remained high since pre-sale.
Its value has increased from $0.005 in the pre-sale to $0.1 in phase 3 of the sale. It is expected to generate returns of between 1,000% and 5,000% for its early investors. Users seem to prefer the Snowfall Protocol (SNW) for many reasons, including its high growth prospects, resilience in a bear market, incredibly bright future, and clean operation.
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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Source: https://www.thecoinrepublic.com/2023/01/10/binance-usd-users-dumping-coins-for-snowfall-protocol-en-masse-following-impact-of-ftx-collapse/