As the crypto community braces for the prolonged market dip, investors have been forced to reassess their portfolios and look for opportunities to increase profitability. While most coins are shedding value in anticipation of further depreciation, a few projects are instead rewarding existing token holders with special bonuses on investments. The result? A surge in demand for those coins, and is a great opportunity for investors looking for exponential gains. Let’s take a closer look at Cardano (ADA), Polygon (MATIC), and Snowfall Protocol (SNW) to see why their recent moves are driving their price predictions.
Snowfall Protocol (SNW) Announcement
First, let’s take a look at the Snowfall Protocol (SNW) announcement that sent the crypto community into a frenzy. Snowfall Protocol announced a 100% bonus on all new investments. The bonus was accompanied by an assurance that all investors will receive a double ROI as if they had invested without the bonus. This has led to a surge in demand for Snowfall Protocol (SNW) tokens and a sharp spike in its demand. The announcement has had such a positive impact on the token that it is drawing a lot of attention from investors of Cardano (ADA) and Polygon (MATIC) as well. This is also because of the fact that Snowfall is a new protocol backed by a strong team and historically that further increases investors’ probability of better returns. In contrast, both Cardano and Polygon are highly established projects with proven track records. So what’s behind the sudden demand for Snowfall Protocol (SNW) tokens?
Snowfall Protocol (SNW) is a cross-chain bridge ecosystem allowing users to securely swap assets between blockchains. Snowfall Protocol is designed to optimize the security model between asset transfers, making it the most efficient cross-chain bridge available. Snowfall Protocol is also the first cross-chain transfer ecosystem built for fungible and non-fungible tokens. Snowfall will launch on Pancake Swap with iOS and Android apps in phase 2.
Cardano (ADA) & Polygon (MATIC) Struggle In Crypto Market
Now let’s take a look at Cardano (ADA) and Polygon (MATIC). Both coins have performed well in the past. However, their recent struggles in the market point toward growth issues. Cardano (ADA) is currently ranked as the 9th largest coin by market cap and has a price of $0.3104 at the time of writing. It has a daily trading volume of $220 million. In the last 3 months, the price of Cardano dropped from $0.4 to $0.31. Polygon (MATIC) is ranked 10th with a market cap of $7.2 billion and a price of $0.8263. It has a trading volume of $299 million in the last 24 hours at the time of writing. In the last 3 weeks, the price of Polygon fell from a peak of $1.25 to $0.82.
Why Cardano (ADA) and Polygon (MATIC) Are Struggling?
There are several factors that may be behind the difficulty of Cardano (ADA) and Polygon (MATIC) in performing in the current market. For one thing, both coins have performed well in the past. Investors may be offloading their coins to prevent further lows so that they can avoid losses. This could be preventing the coins from gaining momentum. Another possibility is that less experienced investors hold these coins. These investors may need help to recognize the growing pains that accompany rapid growth. So, even though Cardano and Polygon have demonstrated a high level of functionality, they may be struggling more in the future.
Why buy Snowfall (SNW) protocol token
So, why buy Snowfall Protocol (SNW) even though it’s an unproven protocol and has a low market cap? Well, Snowfall is a protocol that will be integrated into other DEXs. This means that the value of Snowfall Protocol (SNW) will likely increase by the same amount as the demand for DEXs and decentralized exchanges. In other words, the more DEXs or decentralized exchanges that use Snowfall, the more valuable the Snowfall Protocol (SNW) token will become. DEXs are expected to grow in popularity as the crypto market matures. This means that Snowfall has the potential to become a major player in the exchange ecosystem. It has the potential to grow just as quickly as the DEX ecosystem does. In the meantime, investors who buy Snowfall Protocol (SNW) tokens will also enjoy a limited-time bonus.
The young nature of the Snowfall Protocol (SNW) project makes returns probable up to 1000x on the coin. Cardano (ADA) and Polygon (MATIC) also have a promising future but investors will be able to generate 10-15% when the market starts correcting. The recent 100% bonus for investments on Snowfall is time-sensitive and rare for crypto projects, and we believe the token will soon be subscribed. Those wanting to invest in the Snowfall Protocol (SNW) protocol must act quickly.