Due to the ongoing bear market, 2022 has been very challenging for cryptocurrency investors and traders. Many promising crypto projects like Apecoin (APE) and Decentraland (MANA) have suffered the effects of the market’s volatility. Even now, both tokens struggle to show upturns.
As expected, every investor seeks to find a means to recover. Most fingers point towards Snowfall Protocol (SNW) tokens as the immediate solution.
Apecoin (APE) Investors Worry
To an outsider, it may appear that ApeCoin (APE) tokens are faring better than most tokens, including Ethereum (ETH) and Bitcoin (BTC). However, what’s truly going on is more profound than what most think. In a few days, the ApeCoin (APE) team plans to activate the ApeCoin (APE) staking features. According to Horizon Labs, apestake.io will launch on December 5th, with incentive accrual starting on December 12th.
Technical analysts posit that before the end of December, ApeCoin’s (APE) price may fall by at least 30%. The cost of ApeCoin (APE) is undergoing a correction after testing the resistance of the multi-month descending trendline near $4.50, as seen on the daily chart. It is currently valued at $3.98 per token. Due to the less-than-certain outlook on ApeCoin (APE), it might not be the right time to buy ApeCoin (APE) coins.
Decline In Interest In Decentraland (MANA) Activities
Decentraland (MANA) is a 3D virtual platform for immersive experiences built on the Ethereum (ETH) blockchain. As one of the top metaverse coins of 2021, Decentraland (MANA) has remained on investors’ radar. Decentraland’s (MANA) native currency, Decentraland (MANA), is the driving force behind many economic and political decisions. However, the price of Decentraland (MANA) has been impacted by the negative economic downturn.
As of the time of writing, Decentraland (MANA) tokens,is valued at $0.4204, a far cry from its all-time-high price of $4.40 a year ago.
Snowfall Protocol (SNW) Continues To Make Progress In Presales
Since the presale went live last month, Snowfall Protocol (SNW) has sold over 100 million SNW tokens and counting. The project kicked off phase 3 of its presale after raising over $3 million in the phase 2.
Multi-chain inter-operations are made as user-friendly as possible by Snowfall Protocol (SNW) services. For fungible token chain swaps, Snowfall Protocol (SNW) uses a canonical token bridge, and for non-fungible token chain swaps, it uses a wrapping and swap protocol.
The Snowfall Protocol (SNW) team created Snowfall Protocol’s (SNW) token systems to accelerate and streamline business processes for its users. By offering traders a DeFi platform that is preferable to their rivals, Snowfall Protocol (SNW) seeks to dominate the cryptocurrency market.
Snowfall Protocol (SNW) is expected to outperform predictions especially in terms of its capacity to give members recurring profits. It is noteworthy that the team released a preview of the system’s D’App recently, a development welcomed with open arms by members of the community.
Market experts are recommending this coin as the next ChainLink (LINK) due to its compatibility bridging protocol. Many are expecting it to rise in value by more than 5000%.
Click the links below to learn more now!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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