Cryptocurrencies have had a particularly rough year, with the market for digital assets losing more than $1 trillion in value since the beginning of 2022. And with the Federal Reserve aggressively raising interest rates to combat inflation, investors aren’t as excited about owning highly volatile cryptocoins as they were in 2021. The weakening economy has instead prompted a shift to safer financial assets.
However, with prices for digital assets falling so much in 2022, investors can accumulate their favorite coins at lower prices. Snowfall Protocol (SNW), Solana (SOL), and Ripple (XRP) are particularly attractive at the moment.
Solana (SOL) Is Still A Long-Term Buy Despite Recent Setbacks
After falling below $20, investors advise that this is the best time to accumulate cheap SOL. Solana offers the chance to upend the lucrative payments sector. Its two advantages over rival Ethereum—rapid performance and low fixed costs—are based on a unique mechanism known as proof of history. For technology nerds, Proof of History (PoH) mechanism does away with the need for timestamps in the blockchain’s block data, freeing up storage space and boosting throughput. The Solana network can process over 50,000 transactions per second (TPS), far exceeding Bitcoin’s three TPS and Ethereum’s thirteen TPS. As a result, developers and financial institutions have dubbed the token the “Visa of the crypto world.”
Because of its close ties to FTX and Alameda Research, Solana became one of the worst-hit tokens during the FTX saga. One month before the FX debacle, the token traded between $28 and $37. However, its price has dropped dramatically in the last two weeks, falling to as low as $11. At the time of press, SOL trades at $14.11. The end-of-year market forecast remains pessimistic, but once the FTX-rot wears off, investors will be glad they bought Solana (SOL) for less than $20.
Amicus Curiae Filings from Industry Giants Reinstate XRP Confidence
While the broader crypto market continues in a free fall, Ripple’s XRP has shown the potential of a rally as investor sentiment turned positive due to growing support for Ripple in its lawsuit against the SEC. In 2020, the SEC sued Ripple for illegally selling securities, in this case, XRP tokens. As a result, XRP was delisted from exchanges across the industry, dragging the token into the mud. During the 2021 bull market, XRP traded far below its all-time high in 2018, while other tokens shattered this level.
But recently, the crypto community has voiced strong opposition to the SEC’s enforcement-based approach to regulating the industry. Several industry players, including Coinbase and other crypto proponents, have filed briefs asking the court to include them as “friends of the court” in the ongoing case. As a result, XRP traders’ confidence has increased, and the altcoin is set for a long rally.
Investors Are Swarming to Snowfall Protocol (SNW) After Printing A 500% Price Rally
Recently, Snowfall Protocol (SNW) has steadily increased its market dominance. The multi-chain-focused platform has become a favorite among investors, particularly following the most recent 500% price increase last week. The upsurge resulted from an influx of deposits that rocked the protocol in the second stage of the presale, after closing a successful first stage.
A total of 95 million SNW tokens were sold during the first stage. A further 100 million in the second stage are nearly sold out (90% finished). Another 100% price increase is anticipated when the token enters the third stage, where another 100 million tokens will be sold. Additionally, according to market indicators, first-stage investors will see returns of up to 1500%, and second-stage investors will see returns of over 1000% at launch. As new investors keep pouring into the presale, SNW is currently trading at $0.045 and is expected to reach $0.06 on November 25.
Snowfall Protocol (SNW) takes pride in being the first cross-chain transfer ecosystem to support both fungible and non-fungible tokens, as well as the most efficient NFT cross-chain bridge. Their dApp enables users to swap assets between EVM and non-EVM compatible chains, allowing them to participate in their favorite projects more seamlessly. This is way Snowfall protocol is one of the best new project out now more then Solana (SOL), and Ripple (XRP).
ចុចលើតំណភ្ជាប់ខាងក្រោមសម្រាប់ព័ត៌មានបន្ថែមអំពីពិធីសារព្រិលធ្លាក់ (SNW)
វេបសាយ: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale៖ https://presale.snowfallprotocol.io
ការមិនទទួលខុសត្រូវ: នេះជាសេចក្តីប្រកាសព័ត៌មាន។ Coinpedia មិនគាំទ្រ ឬទទួលខុសត្រូវចំពោះខ្លឹមសារ ភាពត្រឹមត្រូវ គុណភាព ការផ្សាយពាណិជ្ជកម្ម ផលិតផល ឬសម្ភារៈផ្សេងទៀតនៅលើទំព័រនេះទេ។ អ្នកអានគួរតែធ្វើការស្រាវជ្រាវដោយខ្លួនឯងមុនពេលធ្វើសកម្មភាពណាមួយដែលទាក់ទងនឹងក្រុមហ៊ុន។
Source: https://coinpedia.org/press-release/invest-in-solana-sol-ripple-xrp-or-snowfall-protocol-snw-now/