2022 has not been kind to the crypto market. Among the biggest blows of the year was the collapse of the FTX exchange. When FTX declared bankruptcy, it sparked a chain of events that pulled the entire crypto market down with it. Even now, the ripples of the FTX collapse continue to haunt the crypto-verse. News of the judge withdrawing from the FTX case, the drop in the price of Solana (SOL), and the sharp rise in the value of Snowfall Protocol (SNW) – they all seem to be closely related.
Judge Withdraws from the FTX Case
Solana On a Downtrend
The Rise of Snowfall Protocol (SNW)
Snowfall Protocol (SNW) was launched in a year when every cryptocurrency was facing selling pressures. However, this did not affect the presale of the Snowfall Protocol (SNW). The main reasons for the success of Snowfall Protocol (SNW) have been its primary use case of interoperability and the developers’ vision.
When the stage 3 sale started, Snowfall Protocol (SNW) had already appreciated 250% in value compared to its price in the stage 2 sale. Snowfall Protocol (SNW) is already helping its users to earn passive income with its rapidly multiplying price.
In addition, Snowfall Protocol (SNW) has also successfully presented its first dApp prototype. All these developments have taken place before the launch of the crypto, which is scheduled for January 3, 2023. Experts are predicting the price of Snowfall Protocol (SNW) to increase by 1,000% after its launch.
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Source: https://coinpedia.org/press-release/judge-withdraws-from-ftx-case-solana-drops-snowfall-protocol-rises-sharply/