With the start of the new year, cryptocurrency investors are also looking for new developments and launches in the market. While some tokens, such as Snowfall Protocol, have shown significant price growth in 2023, many, such as Cardano and Polkadot, have failed to live up to expectations. So why is Snowfall Protocol (SNW) ahead of Cardano (ADA) and Polkadot (DOT) despite recent developments? Read ahead to find out.
Cardano (ADA) leads in innovation but not in ROI
Electric vehicle (EV) manufacturers are noticing the continued growth of the blockchain and cryptocurrency industry amid the crumbling markets, and are considering teaming up with blockchain networks such as Cardano (ADA). Recently, one such manufacturer announced the start of an EV project built on the Cardano (ADA) network, with the first units available in Sri Lanka. This week, at the World Economic Forum in Davos, a revolutionary new method of transportation called eTukTuk was unveiled, in collaboration with Cardano (ADA).
This has the potential to affect the lives of billions of people around the world, and Cardano (ADA) growth plans. The project uses Cardano’s (ADA) blockchain technology to create a reward system for drivers and passengers, demonstrating the practical application of this emerging technology. Since last year, Cardano (ADA) has been trading at all-time lows. Although Cardano (ADA) appears to be a leader in terms of innovation, it still lags behind when it comes to return on investment. Cardano (ADA) is currently trading at $0.36, down from $1.29 last January.
Polkadot (DOT) is declining despite being listed at the top
Polkadot (DOT) has recently been in the spotlight after climbing to the top of the cryptocurrency list based on the Nakamoto coefficient. Decentralized blockchains, such as Polkadot (DOT), are less prone to collusion when the Nakamoto coefficient is greater than or equal to the total number of validators. However, Polkadot (DOT) pricing had no impact on the making of this list.
On January 15, Polkadot (DOT) funded a drop, which lowered demand in the futures market. Polkadot (DOT) price is also appearing bearish on the daily charts, which may indicate an upcoming bearish price spiral. Polkadot (DOT) is still 69% below its price as of January 2022. Polkadot (DOT) is currently trading at $6.09 which is almost 90% below its all-time high. This has caused some shareholders to worry about the future of Polkadot (DOT) and its potential for expansion.
Snowfall Protocol (SNW) brings huge gains to investors
Since the SNW pre-sale began, his gains have made headlines. Investors who bought the SNW pre-sale have seen great returns thus far. Snowfall Protocol (SNW) has seen a price surge of nearly 500% in the past three months. In addition, the Snowfall Protocol (SNW) price is expected to rise to $0.22 soon, from its current price of $0.191.
Snowfall Protocol (SNW) It raised $3 million in the first two rounds of funding. current stage of Snowfall Protocol (SNW) The pre-sale campaign is expected to outperform the first two. The Snowfall protocol was developed with the goal of improving interoperability between blockchains so that tokens and assets can be easily transferred. On February 3rd, the Snowfall Protocol (SNW) decentralized application (dApp) and wallet will be launched. The features of the Snowfall Protocol (SNW) will make it easier for users to trade coins and stablecoins, stake assets, and make profits from them.
Get in while you can invest in Snowfall Protocol (SNW) today!