Solana (SOL) is one of the many crypto projects affected last year by the FTX crash, making it drop in value. However, it is beginning to see a gradual increase. Similarly, other crypto projects that are looking promising this year and beyond are Shiba Inu (SHIB) and Snowfall Protocol (SNW). Let's see how these cryptocurrencies are currently performing.
The Solana (SOL) blockchain experienced a year of activity in 2022. Solana (SOL) had an excellent start to the year. It quickly surpassed Ethereum as the go-to network for issuing NFTs (NFTs). However, Solana's (SOL) reputation took a massive knock due to its proximity to the FTX incident in the last quarter of the year.
Despite this, Solana (SOL) is beginning to rise from the ashes. At this time, it can be purchased for $23.58. However, industry professionals have predicted that by the end of 2023, the price will have increased. Because of this, investors have begun to focus again on Solana (SOL).
The significant decrease in the cost of a Shiba Inu (SHIB) can be attributed to various factors. To begin, Shiba Inu (SHIB) does not use blockchain technology in a ground-breaking manner in any of its operations. As a result, Shiba Inu (SHIB) cannot present any use cases to justify its worth.
Shiba Inu (SHIB) is substantially more sensitive to speculation due to the absence of any underlying application. So it is far too volatile to be used as a value store. Crypto whales are selling off their early investments, causing the price of Shiba Inu (SHIB) to drop. A further factor contributing to the deterioration of the situation is the assistance of important exchanges, which has made it more likely that whales will be able to dispose of their Shiba Inu (SHIB) tokens quickly.
Nevertheless, ever since the first of January of this year, Shiba Inu's (SHIB) performance has been nothing short of astonishing. Over the past week, it has seen a gain of 3.06%. And that has resulted in the current price being close to $0.00001171.
Snowfall Protocol (SNW) is a blockchain project developed to implement a cross-chain transfer. The Snowfall Protocol (SNW) goal is to usher in a future in which users can trade fungible and non-fungible tokens without trouble and securely across many blockchains.
When the novelty of Snowfall Protocol (SNW) is considered, it is not difficult to see why so many investors are rushing to get involved in the project. Snowfall Protocol (SNW) currently has a price of $0.20, and its grand introduction is scheduled for February.
Analysts anticipate that investors who purchase Snowfall Protocol (SNW) at this early stage stand a chance of making at least 1000% returns on their investment.
Presale: https://presale.snowfallprotocol.io
Telegram:https://t.me/snowfallcoin
Website:https://snowfallprotocol.io
Twitter:https://twitter.com/snowfallcoin
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.