As cryptocurrency fever builds up, more coins and tokens are entering the market, promising advanced features and incredible rates of growth. However, not every token can deliver on its promises of high gains and returns to investors.
Hedera Hashgraph (HBAR) and Helium (HNT) are examples of such cryptocurrencies that have seen new lows around the time when a new entrant, the Snowfall Protocol (SNW), is surging in its presale. Let’s discuss the future prospects of Hedera hashgraph (HBAR), Helium (HNT), and Snowfall Protocol (SNW).
Hedera Hashgraph (HBAR) investors lose interest
When Hedera Hashgraph (HBAR) was trading at $0.3882 in November 2021, it seemed like a valuable investment option. However, in the past year, Hedera Hashgraph (HBAR) has lost 86.18% of its value, dropping to $0.0494 as of this writing. The pace of Hedera Hashgraph (HBAR) network adoption and demand have been significantly lower than expected. Thus, many investors are shying away from Hedera Hashgraph (HBAR), which has resulted in its price dropping over 86%. In an effort to regain investor confidence, Hedera Hashgraph (HBAR) has delayed its release. Hedera Hashgraph (HBAR) plans on compensating people who invested in the company with additional tokens, beyond the original agreement for future tokens, to make up for the delay in distribution. According to analysts, Hedera Hashgraph (HBAR) could soon see a dip in HBAR price to near the $0.13 threshold, which is a bearish indicator.
Helium (HNT) goes down by over 90% in a year
Since its launch in early 2018, Helium (HNT) had been on an uptrend. However, after reaching its all-time high, the Helium token (HNT) registered profit booking and the price dropped. At its peak, Helium (HNT) was valued at $46.92 per token. However, in less than a year, Helium’s (HNT) price dropped by over 90% to $2.47. This indication of market sentiment suggests that Helium (HNT) tokens were being bought for speculative purposes as opposed to believing in the long-term potential of the Helium (HNT) project. This sharp price change led to a profit booking for holders of Helium (HNT) tokens andall investment gains made during this period were pocketed rather than reinvesting back into Helium (HNT).
Snowfall Protocol (SNW) takes over rapidly
Snowfall Protocol (SNW) envisions a world where many blockchains coexist and aims to streamline interactions between them by lowering technological obstacles and providing users with the same access to chosen projects. Snowfall Protocol (SNW) has built the world’s first multi-chain ecosystem for fungible and non-fungible tokens and is attracting investors with massive presale gains.
The Snowfall Protocol (SNW) is currently in the second phase of presale with a price of $0.030, which is higher than the price of $0.005 from the first phase of the presale. The Snowfall Protocol’s (SNW) unexpected price increase of 500% has garnered interest in the crypto space, making the Snowfall Protocol (SNW) likely to take over popular projects soon. If you wish to embark on a future-proof investment journey, the Snowfall Protocol (SNW) is the perfect cryptocurrency for you. Click the links below to learn more now!
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