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The 2022 bear market had a significant effect on prices of major cryptocurrencies like Osmosis (OSMO) and Chainlink (LINK). Some coins have weathered the downturn, but others have seen the majority of their value disappear. Nevertheless, despite the market's generally gloomy image, coins like Snowfall Protocol (SNW) have succeeded in building a reputation for themselves. Snowfall Protocol (SNW), according to cryptocurrency experts, will overtake coins whose prices plunged, like Osmosis (OSMO) and Chainlink (LINK).
Osmosis (OSMO) is an interchain asset AMM protocol. Osmosis (OSMO) was fair-launched with the intention of enabling the creation and administration of a self-balancing, noncustodial interchain token index.
Osmosis (OSMO) got off to a good start, rising quickly to an all-time high of $11.21 on March 4, 2022. However, the all-time high was followed by a sharp collapse, which worsened due to the bearish market. Osmosis (OSMO) dropped more than 50% of its total value in the days leading up to June, ruining investors' portfolios.
By September 2022, Osmosis (OSMO) had decreased by 12.61%, reflecting a price decline of more than 90% from its all-time high. By August 2022, Osmosis (OSMO) had fallen by another 1.47%. Investors do not anticipate any major increase in the near future for Osmosis (OSMO), which is currently trading between $0.94 and $0.98. They are instead looking for alternative investment protocols to Osmosis (OSMO).
One of the most well-known oracle services, Chainlink, is supported using its coin, LINK. As a result of the recent bearish action, most cryptocurrencies in the market have plummeted, which has impacted the price of Chainlink (LINK) as well. Though Chainlink (LINK) had previously witnessed a significant price increase, it has experienced a steep decline this year.
Since Nov. 22, when the Chainlink (LINK) price emerged from a declining wedge, the price has climbed, but marginally. The increasing trend of Chainlink (LINK) resulted in a peak of $7.80 on December 2.
Though Chainlink (LINK) price dropped again, following a minuscule surge, it is now getting close to the $6.66 horizontal and Fib support level. In the last week, Chainlink's (LINK) price has decreased by 8.89%.
Despite being relatively new on the market, Snowfall Protocol (SNW) has become one of the top-rated cryptocurrencies. A unique blockchain communication protocol, Snowfall Protocol (SNW), allows users to swap all types of tokens between blockchains.
In addition to supporting private, public, and consortium blockchains, Snowfall Protocol (SNW) is compatible with any EVM- and non-EVM-compatible blockchain.
Snowfall Protocol (SNW) promises long-term advantages for investors. Additionally, it resolves a significant issue that blockchain technology is currently facing. Participating in the Snowfall Protocol (SNW) staking pool is one of the ways investors can gain rewards. The current annualized staker returns for the staking pool are 14%. As the price of Snowfall Protocol (SNW) rises over the coming months, participants also have an opportunity to benefit more.
It's not surprising that Snowfall Protocol (SNW) is starting construction at undreamt rates given its benefits and advantages. In the first round of the presale, Snowfall Protocol (SNW) value increased by 80%. More than $3 million were raised by the end of the second phase, which saw a price surge of 300%. The next coin to 1000x, according to experts, will be Snowfall Protocol (SNW). By the time of launch, Snowfall Protocol (SNW) is anticipated to have grown by 5000%.
Snowfall Protocol (SNW) is growing and staying ahead of many coins, including Osmosis (OSMO) and Chainlink (LINK). So why not take the lead and invest in Snowfall Protocol (SNW) right away?
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
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.
