Can Tron and Cardano restore trust in the crypto market whilst Snowfall Protocol’s price surges to $0.14 | marketrealtime.com


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When
it
comes
to
investing
in
the
cryptocurrency
market,
individuals
have
a
lot
of
different
options
to
choose
from.
Two
well-known
options
are
Tron
(TRX)
and
Cardano
(ADA).
While
both
digital
assets
have
their
benefits,
Snowfall
Protocol
(SNW)
is
a
newer
entrant
that
is
quickly
gaining
popularity
due
to
its
superior
performance.
In
this
article,
we
will
talk
about
why
investors
are
shifting
from
Tron
(TRX)
and
Cardano
(ADA)
to
Snowfall
Protocol
(SNW)
and
what
makes
it
different.

Cardano’s
(ADA)
market
cap
dropping
majorly

Since
peaking
in
August
2021
at
$3.10,
the
price
of
Cardano
(ADA)
has
fallen
rapidly.
To
put
it
in
context,
the
decline
in
Cardano’s
(ADA)
value
culminated
in
a
November
2022
low
of
$0.31.
The
major
decline
left
the
crypto
community
wondering
what
caused
it,
considering
that
there
was
no
specific
piece
of
bad
news
about
Cardano
(ADA)
that
would
have
led
to
the
price
drop.
The
only
possible
explanation
for
Cardano’s
(ADA)
price
plummeting
was
that
the
entire
decline
was
preceded
by
bearish
market
sentiment,
after
the
FTX
collapse.
Meanwhile,
Cardano’s
(ADA)
market
cap
also
dropped
to
$8.9
billion
this
week.
Just
about
three
months
ago,
Cardano’s
(ADA)
market
cap
was
valued
at
$14
billion.
Thus,
investors
have
suffered
losses
in
their
portfolios
due
to
the
market’s
pessimistic
outlook
for
Cardano
(ADA).

Can Tron and Cardano restore trust in the crypto market whilst Snowfall Protocols price surges to $0.14

Tron
(TRX)
remains
in
a
consistent
bear
cycle

According
to
the
weekly
time
frame
technical
analysis,
the
forecast
for
Tron
(TRX)
is
bearish.
Since
April
2021,
Tron’s
(TRX)
price
has
fallen
below
expectations.
Despite
some
positive
news
surrounding
Tron
(TRX)
before
the
price
drop,
the
decline
does
not
seem
to
stop.
One
of
the
most
well-known
public
blockchains
in
the
crypto
community,
Tron
(TRX),
was
developed
as
a
faster
and
more
accessible
alternative
to
Bitcoin
and
Ethereum.
An
optimistic
price
prediction
can
only
be
made
until
the
Tron
(TRX)
price
goes
above
the
support
level
of
$0.055.
This
seems
unlikely
given
the
long-term
breakdown
of
Tron
(TRX),
and
the
bearish
market
outlook.
As
per
some
experts,
by
the
end
of
2023,
the
cost
of
Tron
(TRX)
will
have
dropped
to
$0.005346,
from
its
current
price
of
$0.054.
Additionally,
other
experts
predict
a
further
decline
in
Tron’s
(TRX)
price.
Tron
(TRX)
is
expected
to
reach
$0.003368
in
the
coming
year.

Snowfall
Protocol
(SNW)
surpasses
expectations

In
today’s
crypto
world,
the
cross-chain
bridge
provided
by
Snowfall
Protocol
(SNW)
is
the
most
effective
network
for
transactions.
Snowfall
Protocol
(SNW)
facilitates
the
seamless
exchange
of
fungible
and
non-fungible
tokens
between
different
blockchains.
The
goal
of
Snowfall
Protocol
(SNW)
is
to
create
an
easy-to-use
and
trustworthy
infrastructure
for
users
to
transfer
assets.
November
saw
a
successful
conclusion
of
the
stage
2
pre-sale
which
brought
in
$3
million
for
Snowfall
Protocol
(SNW).
Snowfall
Protocol’s
(SNW)
stellar
price
surge
can
be
traced
back
to
its
cutting-edge
features
that
attracted
investors
since
its
presale
launch
two
months
ago.

The
second
round
of
Snowfall
Protocol
(SNW)
presale
ended
earlier
than
expected
due
to
the
high
demand.
The
third
and
current
round,
which
began
at
the
beginning
of
this
month,
has
also
been
quick
to
announce
enormous
progress.
Since
their
initial
release
date
two
weeks
ago,
SNW
tokens
have
surged
in
value
by
400%
to
$0.14.
Analysts
predict
that
the
price
of
Snowfall
Protocol’s
initial
release
will
be
$0.24.
Considering
the
recent
price
surges,
Snowfall
Protocol
(SNW)
could
easily
surpass
that
amount.

get
in
while
you
can
and
invest
in
Snowfall
Protocol
(SNW)
today!!!

Story first published: Wednesday, December 21, 2022, 15:24 [IST]



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