Ethereum Classic (ETC) and Solana (SOL) Need to Step Aside as Snowfall Protocol (SNW) Disrupts the Market After Presale Success

However, in recent weeks, both Ethereum Classic (ETC) and Solana (SOL) have seen their values decline below threshold levels.

Investing in cryptocurrencies can be a difficult procedure, especially for people who are unfamiliar with it. There are countless coins and tokens, each with distinctive qualities and price fluctuations. Knowing where to begin or even which tokens are worthy of investment might be challenging. Back in the day, Ethereum Classic (ETC) and Solana (SOL) were two of the most sought-after cryptocurrencies. However, in recent weeks, both Ethereum Classic (ETC) and Solana (SOL) have seen their values decline below threshold levels. Even in such a dour market, there is one token that has been gaining momentum: Snowfall Protocol (SNW). In this article, we will see why Ethereum Classic (ETC) and Solana (SOL) are stepping aside as Snowfall Protocol (SNW) takes the lead.

Ethereum Classic (ETC) – trending low currently

When Ethereum ultimately switched to a proof-of-stake system, Ethereum Classic’s (ETC) hash rate exploded. As a result of being banned from the network and unable to utilize their equipment, the miners had to switch to other cryptocurrencies like Ethereum Classic (ETC) to continue using their specialized equipment.

The Ethereum Classic (ETC) hash rate, however, is trending lower as the Ethereum network has become accustomed to its proof of stake (POS) consensus process. The current price of Ethereum Classic (ETC) is $16.37.

Solana (SOL) – facing a sharp decline

Solana (SOL), a blockchain-based platform, hosts decentralized applications (dApps). With low costs, Solana (SOL) intends to enhance capacity over what is generally feasible on well-known blockchains.

Sponsored

The top price of Solana (SOL) was $260 in 2021, however, that amount now seems like a long time ago. Solana (SOL) is now facing a 95% decline from its previous peak. As a result, holders find themselves in a difficult predicament as they move on to Snowfall Protocol’s (SNW) presale in an effort to make up for their losses.

The current price of Solana (SOL) is $11.85.

Snowfall Protocol (SNW) – the greatest potential

Snowfall Protocol (SNW), which was created for both fungible and non-fungible tokens, is the first cross-chain trade environment.Snowfall Protocol (SNW) enables users to transact in assets between the most well-liked Ethereum Virtual Machine (EVM) and non-EVM compatible networks. In addition to other factors, investment in Snowfall Protocol (SNW) makes sense since it has the greatest potential for growth among cryptocurrencies over the next few years. Snowfall Protocol (SNW) has seen a price surge of more than 400% in just two months while it is still in presale.

Sponsored

Additionally, some have predicted returns 1000x higher than its current valuation due to growing faith in the effectiveness and future prospects of Snowfall Protocol (SNW). In its short time on the market, Snowfall Protocol (SNW) has raised over $3 million by selling more than 200 million tokens. The cryptocurrency community is rushing to purchase Snowfall Protocol (SNW) tokens in anticipation of future gains as a result of this positive development. Thus, investors are stepping down from investing in coins such as Ethereum Classic (ETC) and Solana (SOL).

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Press Release

Read the most recent crypto press releases on DailyCoin to know all the latest project news from fintech and blockchain businesses. Disclaimer: This article is a press release and was not written by DailyCoin. We always aim to have the highest editorial and fact-checking standards, so if you encounter any content related issues, please contact us at pr@dailycoin.com.