The end of the year is always a busy time for financial market investors as they evaluate their options and pick their favorites to invest in the coming year. Snowfall Protocol (SNW), Ripple (XRP), and TRON (TRX) are among the favorites for big returns in crypto come 2023. Let’s look at why.
Better Days Ahead as Charges Brought Against Ripple (XRP) Appear Unfounded
Ripple (XRP) is a decentralized payment system that allows for cross-border transactions. Ripple (XRP) uses the decentralized, open-source blockchain Ripple (XRP) ledger (XRPL) and the Ripple (XRP) transaction protocol (RTXP) to facilitate transactions. Ripple (XRP) has been adopted by several banks and financial institutions, including American behemoth PNC bank and Santander, due to its speed, reliability, and efficiency.
Since the SEC filed a case against the network for the alleged sale of unregistered securities, implying that Ripple (XRP) tokens are a security, Ripple (XRP) has had a tough run. However, the two-year battle may be coming to an end, with Ripple (XRP) emerging victorious. According to a recent motion filed by Ripple (XRP), the SEC has failed to prove anything substantive against Ripple (XRP), and as a result, Ripple (XRP) requests that the court rule in its favor.
This has sparked positive sentiment, propelling XRP’s price to a critical resistance level of $0.4. Bulls are now hoping for a breakout, which would send Ripple (XRP) up to $0.5. The major disadvantage of investing in Ripple (XRP) is that the token has been rocked by massive volatility lately, making it very easy to become entangled in the waves and lose your funds.
Tron (TRX) Has A Strong Team
TRON (TRX) is a decentralized blockchain platform that uses blockchain technology and decentralized apps to promote content and entertainment. Launched in 2017, TRON (TRX) employs a Proof-of-Stake consensus mechanism and has a 2,000 transaction per second transaction processing speed. One of TRON’s main selling points is its team, which is led by H.E. Justin Sun.
TRON’s popularity and user base have also grown significantly following the launch of its mainnet in 2018. TRON (TRX) currently has over 100 million users who interact with over 500 dApps built in the ecosystem and over 25 million wallets holding TRX, its native token.
TRON’s DEFI growth, on the other hand, is constrained by the Ethereum network, as many developers prefer building DAPPs on Ethereum due to a large number of users it commands. Cardano, EOS, and Polkadot are some other TRON’s competitors. All of these networks have a sizable user base among DEFI users, and their presence does not bode well for TRON (TRX) and may have an impact on TRX prices in the future.
Snowfall Protocol (SNW) Promises More Returns Than XRP And Tron
While both Ripple (XRP) and TRON (TRX) are good long-term investments, they are also extremely volatile today, making them extremely risky for small investors. What’s more, they are both already established market players, so their movements during a rally are limited—they can only provide 10x to 20x returns at best.
But why settle for 10x to 20x returns that are more than a year away, assuming a bull market rally in 2024, when you can earn up to 1000x in 2023? Snowfall Protocol (SNW) is a new-age ecosystem that, despite being in its presale phase, has been making waves in the crypto ecosystem in recent months. Snowfall Protocol (SNW) seeks to revolutionize cross-chain communications by pioneering an ecosystem that will allow for the swap of fungible and non-fungible assets across compatible chains.
Snowfall Protocol (SNW) is a low-cap ecosystem. Snowfall Protocol’s (SNW) second round of presales recently ended at $3 million. What makes that so impressive, you ask? Snowfall Protocol (SNW) accomplished this during one of the most difficult periods of the 2022 bear market, following the FTX debacle. Combine a low-cap gem with high growth potential, and you have your 1000x token, or, dare I say, Snowfall Protocol token (SNW).
The third round of presales began at $0.075, but due to increased demand for tokens, the price has risen to $0.095. Snowfall Protocol (SNW) intends to launch at $0.2. This means that if you invest now, you can expect at least 1000% returns on investment! What are you waiting for? Join the presale today at https://presale.snowfallprotocol.io and be an early investor in the next big thing!
Learn more about Snowfall Protocol:
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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