Sharks accumulate $83 million Cardano (ADA) in 6 weeks, Top Solana (SOL) NFT Collections Migrate to Polygon (MATIC), Snowfall Protocol (SNW) sells 200 million+ tokens in 2 months

Cardano (ADA) sharks buy up
11% of the total supply

Over the past two months, Cardano (ADA)
sharks have started being active again. Beginning in early November, these
Cardano (ADA) wallets have been accumulating hundreds of millions of dollars
worth of tokens. As of the beginning of November, these wallets held roughly
10.5% of the entire Cardano (ADA) supply. In contrast, after purchasing an
additional 330 million Cardano (ADA) tokens for a total of $83,000,000, the
percentage is presently at 11.60%, almost 6 weeks later. The major increase in
shark purchases will have possible long-term effects on the value of the
digital asset. The value of Cardano (ADA) is likely to rise as a result of such
a large influx of investment. Although the shark movement was intended to
reverse the downward trend that Cardano (ADA) has been experiencing, the
current market conditions have prevented the same. In the last 30 days,
Cardano’s (ADA) value has dropped 18%, to $0.26.

Solana NFT Collections to soon shift to Polygon (MATIC)

Both y00ts and DeGods, the two largest NFT
collections on Solana, have stated their intention to move to other blockchain
like Ethereum (ETH) and Polygon (MATIC) in 2023. Thus, Ethereum and its Layer-2
solution, Polygon (MATIC), are set to become the next stop for digital art
collections. Ethereum was never questioned, but allegations quickly spread that
Polygon (MATIC) had offered financial incentives to encourage projects to move
to its platform. Solana Labs’ co-founder accepted this incident in stride,
commenting on claims that Polygon (MATIC) financed the projects, and DeGods
founder hasn’t refuted it either. Many in the crypto community now believe that
the NFT collection will not be relocated to Polygon (MATIC) for the advantages
it provides, but rather because of the price paid. Polygon (MATIC), as a
cryptocurrency, has struggled in 2022. The price of Polygon (MATIC) has
decreased from $1.60 a year ago to its current price of $0.81, a loss of
approximately 70%.

Snowfall Protocol (SNW) favored by millions of crypto lovers

With its recent meteoric rise in price, Snowfall Protocol (SNW) has caught the eye
of many eager buyers. Snowfall Protocol (SNW) is the first platform to enable fungible and non-fungible token exchange
across multiple blockchains without
the need for third-party intermediaries.Snowfall Protocol (SNW) will release its dApp soon, which will allow users to trade assets across
multiple, EVM-compatible and non-EVM-compatible blockchains. By return on
investment, Snowfall Protocol (SNW) token ranks among
the top performers in the DeFi market.
Since its early presale stages, the popularity of Snowfall Protocol (SNW) has increased
tremendously, leading to sales of over
200 million tokens in just two months. Owing to the Snowfall Protocol (SNW) unique features
and use case, its price has gone up by
more than 400%. Upon its launch in January 2023, some analysts predict that
the price of Snowfall Protocol (SNW) will have increased by 5000%. Leading market
analysts predict that Snowfall Protocol (SNW) will be the next 1000x token and would completely turn
the crypto market’s current situation around. At the time of writing, the price
ofSnowfall Protocol (SNW) is $0.14, however, it is expected to
increase dramatically in the near future.

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