Community Insights

Here’s why Snowfall Protocol (SNW) has unmatched profits compared to The Sandbox (SAND) and Trust Wallet Token (TWT)

December 15, 2022 | by TI Partners | 0

When it comes to cryptocurrency, there are a lot of different options out there. However, there are only a few that are worth investing in. Of those few, Snowfall Protocol (SNW) is the most profitable option at present. So, how does Snowfall Protocol (SNW) stand out from tokens such as The Sandbox (SAND) and Trust Wallet Token (TWT)? Read ahead to find out.

The Sandbox (SAND) moves 93% below its ATH

After the cryptocurrency market was cracked down due to the fallout of the FTX crypto exchange, The Sandbox (SAND) price action in the last three months displayed a collapsing wedge. As per the current charts, either the trend is reversing, or we are seeing the start of a bearish position of The Sandbox (SAND) in the market. On The Sandbox (SAND), an Ethereum-based platform managed by the community, users may build their virtual spaces, interact with one another, and even make money using it. Despite the futuristic outlook of The Sandbox (SAND), the token is expected to have price declines in the near term. Experts forecast that by 2023, the price of The Sandbox (SAND) would drop to $0.044162, making it a terrible long-term investment. In the past week, the cost of The Sandbox (SAND) has dropped by 9.77%. Additionally, The Sandbox (SAND) is currently trading 93.44% below its all-time high of $8.44.

Trust Wallet Token (TWT) declines after a major price surge

Trust Wallet, whose native utility token is Trust Wallet Token (TWT), is a mobile app that allows users to store and manage a variety of cryptocurrencies. Earlier this month, experts issued a negative rating for Trust Wallet Token (TWT) based on its average performance and price movement during the past week. While the cryptocurrency market is down 0.15%, Trust Wallet Token’s (TWT) price has been down 11.2%, to $2.37. As selling pressure pulls the price of Trust Wallet Token (TWT) below previous support, this cryptocurrency may be entering a period of extreme volatility. There has also been a notable decline in trading volume for Trust Wallet Token (TWT). Compared to Trust Wallet Token’s (TWT) average volume over the previous seven days, today’s volume is significantly lower. As per experts, the price of Trust Wallet Token (TWT) might drop to nearly $1.1958, which is a very gloomy indicator.

Snowfall Protocol (SNW): A serious competitor that’s leaving behind top tokens

The goal of Snowfall Protocol (SNW), a DeFi protocol, is to provide a safe, decentralized, and transparent platform for buying, selling, lending, and staking cryptocurrency. The crypto community has been consistently talking about Snowfall Protocol (SNW) since it was released. Snowfall Protocol (SNW) employs a highly flexible concept with the ability to facilitate easier and more accessible asset movement within blockchains. Snowfall Protocol (SNW) created a blockchain to serve as a bridge between other blockchain networks. As a result of the numerous advantages it offers, the price of Snowfall Protocol (SNW) has skyrocketed. Snowfall Protocol (SNW) has announced the release of a dApp prototype and finished stage 2 of its presale a day early. As of this writing, Snowfall Protocol (SNW) is trading at $0.095, after starting at $0.005 in its first presale phase. Snowfall Protocol (SNW) has sold over 195 million tokens and raised $3 million, making it a serious contender for The Sandbox (SAND) and Trust Wallet Token (TWT).