The crypto market is currently worth over $200 billion and continues to grow at a rapid pace. With so much money flowing into the space, it’s no wonder that there are so many different projects vying for a piece of the pie. However, not all projects are created equal. Snowfall Protocol (SNW) has sold millions of tokens, making it one of the most successful ICOs in history. But what makes Snowfall Protocol (SNW) better than Ripple (XRP) and Unus Sed Leo? Read ahead to find out.
Ripple (XRP) fails to grow in price
In July this year, Ripple Labs announced that former Ripple (XRP) co-founder and creator of the Stellar cryptocurrency, Jed McCaleb, has sold his last 9 billion XRP tokens. Since he was no longer promoting Ripple (XRP) into the market, experts believed that it could relieve some of the downward pressure on the price. However, in spite of the prediction, Ripple (XRP) couldn’t sustain a price above $0.40. Ripple (XRP) recently released the last quarter’s market report and the numbers do not look good.
The report stated that the company’s Ripple (XRP) reserves were less than half of the overall supply. It also revealed that Ripple’s (XRP) net acquisitions dropped by about $100 million from the previous quarter. At the time of writing, the technical analysis shows that Ripple’s (XRP) sentiment is bearish, with less than 8 out of 30 positive indicators. Thus, Ripple’s (XRP) price may drop from $0.39 to $0.29 by the end of December, as per experts.
Unus Sed Leo (LEO) declines over 18% in just a month
Unus Sed Leo is a subsidiary of iFinex that works as a utility token for Bitfinex. Unus Sed Leo (LEO) can be used on Bitfinex, a cryptocurrency exchange, to lower the costs of trading, borrowing, and other exchange operations. Despite the impressive features that Unus Sed Leo (LEO) has to offer, the token’s value has dropped significantly over the past month. Unus Sed Leo (LEO) has lost 18.58% of its value in the last 30 days. With a 35% loss in value over the previous three months, Unus Sed Leo (LEO) has been on a consistent downward trend. Investment in Unus Sed Leo (LEO) should be considered risky due to its volatile nature. A possible drop in Unus Sed Leo’s (LEO) value has been linked to current events involving the US government and illicit financial transactions. It has been speculated by market watchers that long-term holders of Unus Sed Leo (LEO) may suffer a financial loss. Potential investors are cautioned to avoid Unus Sed Leo (LEO).
Snowfall Protocol (SNW) is a big hit in the market
Snowfall Protocol has recently gained attention since it is one of the rare protocols to support cross-chain transactions. The ability of Snowfall Protocol’s (SNW) dApp to trade assets within blockchains without the need for third-party platforms allows blockchains to work together seamlessly and effectively. Snowfall protocol (SNW) is a multi-chain co-operability platform that allows for secure and easy exchange of EVM-compatible and non-EVM-compatible assets between different blockchain networks.
Snowfall Protocol (SNW) is currently in its presale phase, and has recently concluded its second phase successfully. More than 100 million tokens were sold, making the price of Snowfall Protocol (SNW) soar from $0.005 to $0.075 in just two months. The future looks great for Snowfall Protocol (SNW) and its investors considering the token’s potential to grow. Moreover, after its launch, several experts predict that Snowfall Protocol (SNW) will see a price increase of 5000%.
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