The cryptocurrency market is known for its wild volatility. Coins gain and lose value quickly depending on the market sentiment at the time and major news. For instance, Chiliz (CHZ) has recently shot up in price after it made a major announcement while Trons (TRX) USDD Stablecoin has lost its value. On the other hand, Snowfall Protocol (SNW) has continued with its upwards trend proving that it is still the best choice for investors as we head into the new year.
In this post, we’ll look at why Snowfall Protocol (SNW) is the experts’ pick this festive season, why Chiliz (CHZ) is rising in value, and why Trons (TRX) USDD Stablecoin has lost its value.
Chiliz (CHZ) Launches Gameused.Com
Chiliz (CHZ) is a popular blockchain provider for the sports industry that has increased in price after the platform launched a sports memorabilia authentication service.
The new platform known as GameUsed.com will help users verify genuine sports memorabilia such as match tickets, e-worn shirts, and trading cards. With Chiliz’s (CHZ) new platform sports enthusiasts will have an easy way to know whether different items are genuine.
The price of Chiliz (CHZ) shot up by 3.51% after Chiliz (CHZ) announced the launch. This is not the only growth that Chiliz (CHZ) has experienced this year. Currently, the Chiliz (CHZ) team is made up of more than 300 employees after the company increased the number of their workers by 70%
The Chiliz (CHZ) team believes that blockchain is the way to go when it comes to delivering ownership and engagement to sports fans.
USDD Stablecoin Falls Under 97 Cents
Tron’s USDD Stablecoin, which is managed by Tron, has lost its peg against the US dollar after USDD’s value fell to less than 97 cents. This price decrease is the largest that the USSD Stablecoin has ever witnessed since June 22. USSD’s price decrease also goes against the Tron DAOs 3% price fluctuation threshold that dictates when a fluctuation should be considered a de-peg.
USDD lost its peg against the US dollar after the collapse of the FTX cryptocurrency exchange has caused investors to doubt the validity of digital currencies as a form of investment.
Justin Sun, the founder of Tron has since come out in defense of USSD. Sun attempted to calm market nerves by tweeting that the USDD Stablecoin has a collateral of 200% and that he is deploying more capital to defend the position of USDD.
Snowfall Protocol (SNW) Continues to Soar
Snowfall Protocol (SNW) is a multi-chain platform built to simplify the process of communication between two blockchains. The main goal of Snowfall Protocol (SNW) is to make it possible for users to engage within their favorite blockchain projects.
With Snowfall Protocol (SNW), users can transfer different types of tokens from one blockchain to another. Snowfall Protocol (SNW) also allows users to swap assets between different blockchains, irrespective of whether they are compatible with the Ethereum virtual machine through their decentralized application.
By building the highways needed for people to communicate with other blockchains, Snowfall Protocol (SNW) is revolutionizing the way people interact with blockchain technology. It’s no surprise that Snowfall Protocol (SNW) has received a lot of attention from investors, selling over 3 million coins in its presale and appreciated by more than 250%.
Snowfall’s Value Expected to Skyrocket in The Coming Year
The 250% rise in the value of Snowfall Protocol (SNW) is just the beginning of a long and profitable journey for Snowfall Protocol (SNW) investors. Experts predict that the coin is well on its path to x 1000 profits in the coming months. Investors who are looking for a cryptocurrency to help diversify their portfolios and make a killing in the coming year would do well to buy into Snowfall Protocol (SNW) before time runs out.
Learn more about Snowfall Protocol (SNW) in the following links
presale:
https://presale.snowfallprotocol.io
Website:
telegram:
Twitter:
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/2022/12/23/chiliz-chz-launches-gameused-com-trons-trx-usdd-stablecoin-falls-under-97cents-snowfall-protocol-snw-up-300-during-santa-rally/