Snowfall Protocol’s (SNW) price gains put Eos (EOS) and Avalanche (AVAX) in danger

There are many reasons to invest in the crypto market, but one of the most appealing is the potential for high returns. While there are many different cryptocurrencies to choose from, Snowfall Protocol (SNW) offers investors a number of advantages over others, such as Eos (EOS) and Avalanche (AVAX). In this article, we will discuss why Snowfall Protocol (SNW) is a top investor choice above Eos (EOS) and Avalanche (AVAX).

Eos’ (EOS) volatility at its peak

The EOS token’s price has been plummeting since the start of 2022. Price drops in January took Eos (EOS) below its launch gains. Though the decline had been steady this year,  Eos’ (EOS) price dipped below $2 in May and reached a 52-week low of $0.8232 soon after. Things started looking better in September, with Eos (EOS) hitting an all-time high of $1.86. However, the cryptocurrency has since failed to live up to expectations. The price of Eos (EOS) increased by 5% over the previous week, closing at $0.9601 on December 6, 2022. However, Eos’ (EOS) trade activity was down by about 17% compared to the previous month. According to experts, Eos (EOS) is a bad long-term investment and they recommend selling the token, as opposed to buying or holding it. Moreover, one year from now, they expect the price of Eos (EOS) to have dropped to $0.2054.

Avalanche (AVAX) drops out from the top 10

Avalanche (AVAX) and its blockchain network have had a rough 2022. Avalanche (AVAX) dropped out of the top 10 cryptocurrencies by market capitalization in 2022 after losing a majority of its value this year. From a technical perspective, using a weekly time frame, it is clear that the price of Avalanche (AVAX) has been trending downwards since it peaked at $147 in November 2021. This decline brought the price of Avalanche (AVAX) to a record low of $11.72 in November 2022. The main cause for Avalanche’s (AVAX) drop is the unpredictability of the Terra (LUNA) and TerraUSD tandem projects. Since Luna Foundation Guard (LFG) purchased roughly 2 million Avalanche (AVAX) coins with a total value of $100 million to keep in reserve as backstop assets, there is a connection between AVAX and those two projects that are operated by the LFG. Thus, the price and future of Avalanche (AVAX) seem unpredictable, and investors must stay cautious.

Snowfall Protocol (SNW) surges over 300%

For both fungible and non-fungible tokens, Snowfall Protocol (SNW) provides the first-ever cross-chain communication environment. Snowfall Protocol (SNW) acts as a multi-chain co-operability platform that enables secure and easy exchange of EVM-compatible and non-EVM-compatible assets between different blockchain networks. Snowfall Protocol (SNW) prototype was announced not too long ago, and the entire team is positive that the price of SNW will grow extensively very soon. Snowfall Protocol (SNW) has increased in value by over 300% in the last two months. Having successfully completed its second phase, Snowfall Protocol (SNW) is now in its third presale phase. More than 180 million tokens have been sold so far, making the price of Snowfall Protocol (SNW) jump from $0.005 to $0.095. Considering the token’s growth potential, the future is bright for Snowfall Protocol (SNW) and its investors. For anyone looking for massive long-term and short-term gains, consider investing in Snowfall Protocol (SNW).

Useful Links:

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

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• Source: https://dailycoin.com/snowfall-protocols-snw-price-gains-put-eos-eos-and-avalanche-avax-in-danger/