The crypto market is booming with new players entering everyday. While many of these projects have the potential to be success stories, others will likely fade quickly.
In this article, we’ll discuss how TerraClassic (LUNC) and Arweave (AR) compare to Snowfall Protocol (SNW), a new market entrant that is capturing investor interest.
TerraClassic (LUNC) lost more than $100 million in a week
After weeks of steady gains despite the weak market, the price of TerraClassic (LUNC) has been on a prolonged pullback. With a 24-hour range of $0.0001857-$0.0001791, TerraClassic (LUNC) has seen some serious price action recently. If TerraClassic (LUNC) follows the trend shown in the overall cryptocurrency market, the token’s significant volatility may persist in the days ahead. The $0.00015 level is expected to act as support again for TerraClassic (LUNC) if the bearish attitude persists. Since the market is still processing the news that brought down the FTX exchange (FTT), a bearish trend is a more likely perspective for TerraClassic (LUNC). The overall performance of TerraClassic (LUNC) in recent weeks has been lacklustre, and a recent report indicated that TerraClassic (LUNC) had lost more than $100 million within the week, thereby losing its allure in a bear market.
Arweave (AR) loses most of its value in a year
Arweave token (AR) has seen a significant decrease in price over the past year. On November 1, 2021, the Arweave (AR) token was trading at $64.99. Within a year, Arweave’s (AR) price had decreased by approximately 83%, falling to $9.36. This is due to several factors. Arweave’s (AR) slow innovation progress is evidenced by how little has changed since Arweave’s (AR) Whitepaper was published in November 2017. Arweave (AR) is a new storage medium that provides users and developers with the ability to retain data indefinitely, by using sustainable and perpetual endowments. However, the lack of updates has led to a decrease in faith in Arweave (AR) among investors. Another factor that may have contributed to Arweave’s (AR) price decline is the lack of support from the team behind it. As a result, many potential investors have withdrawn their support, making the Arweave (AR) platform reach new lows.
Snowfall Protocol’s (SNW) presale price increase generates massive buzz
Snowfall Protocol (SNW) recently experienced an impressive increase in its presale price, from its expected high of $0.005 to $0.015, generating a lot of interest among investors. Snowfall Protocol (SNW) is able to achieve this high price due to its unique features, which make it an ideal platform for the mainstream adoption of blockchain technology. Snowfall Protocol’s (SNW) multi-chain architecture enables users to transfer assets between different blockchain networks without having to rely on third-party intermediaries. This makes Snowfall Protocol (SNW) a valuable tool for users who want to move assets from one blockchain network to another, or from one currency to another. Snowfall Protocol (SNW) also has a built-in market-making function that will allow users to exchange goods and services using Snowfall Protocol (SNW) tokens. Snowfall Protocol (SNW) is expected to be one of the leading multi-chain platforms in the world, and investors who get involved now are expected to reap rewards when the platform goes live.
Click the links below to learn more now!
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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