Record $400 million losses in Avalanche (AVAX), Polkadot (DOT) falls over 18% while Snowfall Protocol (SNW) raises $3 million

The crypto market is constantly evolving as new projects emerge with new cryptos taking the spotlight. While many of these projects have potential, some are better performing than others. This article will compare three popular projects: Avalanche (AVAX), Polkadot (DOT), and Snowfall Protocol (SNW).

Avalanche (AVAX) drops by 89% losing $400 million

The price of Avalanche (AVAX) is down to levels not seen in nearly 2 years. While Avalanche’s (AVAX) last week’s price analysis indicates a price uptick, the daily chart paints a different picture. Since reaching $30, the price of Avalanche (AVAX) has been steadily declining. Bears are still in control of the crypto market, and this week, Avalanche (AVAX) dropped to a new yearly low of $11.28. While it’s true that the market cap went up by 0.88% today to $3.63 billion, it’s actually down by over $400 million over the course of the past month. The cryptocurrency world is in a state of panic since Avalanche’s (AVAX) market cap is lower than what was expected a month ago when it stood at $4.39 billion. If you look at the price history of Avalanche (AVAX), you’ll see that it’s been in a persistent downward and volatile cycle recently. Avalanche’s (AVAX) price has fallen by 89% in a year, and it’s now trading at 92.02% below its all-time high of $146.22.

Polkadot’s (DOT) price declines over 18% in a month

As per today’s Polkadot (DOT) price analysis, the bears have the upper hand as prices continue to fall. Since bouncing back in November, Polkadot (DOT) has had a precipitous fall. The price of Polkadot (DOT) continues to fall and is now very close to a 2022 low at $4.45. A drop of over 18% in just four weeks and the addition of a new all-time low in just one year to Polkadot’s (DOT) price history do not make a strong case for experts to support it. Additionally, low trading activity increases the possibility of more losses, since Polkadot (DOT) bears may continue to decline prices. Trade volume for Polkadot (DOT) has dropped $32 million, or 36.2%, over the past 24 hours. In general, the outlook is still gloomy, and more declines for Polkadot (DOT) are around the corner. If that’s the case, we can anticipate a drop to around $3.50 within the next few months.

Snowfall Protocol (SNW) to rise by 5000% in 2023

Snowfall Protocol (SNW) aims to simplify and allow secure user participation in Defi ecosystems. Since Snowfall Protocol (SNW) enables efficient communication between many chains, users of this platform will have access to multiple protocols from a single interface. Snowfall Protocol (SNW) uses canonical token bridging to facilitate the exchange of stablecoins such as USDT, BUSD, and USDC across many chains. With the help of the user-friendly dApp of Snowfall Protocol (SNW), which is set to launch soon, anyone can take part in the cryptocurrency ecosystem. Snowfall Protocol (SNW) takes care of all the complicated aspects of cross-chain transactions so users don’t have to pay high fees on third-party platforms. Snowfall Protocol (SNW) tokens have been rising in value and are currently worth $0.14. On January 3rd, the price of Snowfall Protocol (SNW) is expected to reach $0.2, if not more. Indicators suggest a 5000% increase in Snowfall Protocol’s (SNW) price in the coming months, and experts agree that the price of Snowfall Protocol (SNW) will be rising in a bullish pattern for the majority of the coming year.

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

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