The recent crypto meltdown appears to have reshaped the ecosystem. Tokens associated with decentralized finance have continued to pump for another week while their centralized finance counterparts continue dumping. Trust Wallet Coin (TWT), Stacks (STX), and Snowfall protocol (SNW) were among this week’s top gainers, with Snowfall protocol (SNW) leading the pack with a whopping 650% gain.
In this article, we’ll break down these three tokens and provide you tips on how to get started with Snowfall Protocol and join the ranks of other savvy investors.
Trust Wallet Coin (TWT) Stands to Benefit Greatly from The Migration
As the DeFi migration continues, Trust Wallet and its utility token Trust Wallet Coin (TWT) have benefited greatly. Trust Wallet Coin (TWT) greatly gained traction after Binance CEO Changpeng Zhao endorsed Trust Wallet, the parent platform on Twitter as secure crypto storage. Trust Wallet allows users to trade, exchange, and stake crypto as well as collect and trade NFTs. This way, Trust Wallet Coin (TWT) functions as a centralized exchange token, whereas Trust Wallet, facilitates fund self-custody.
Trust Wallet has continued to see whale accumulation and small investors alike as a result of this vote of confidence, causing Trust Wallet Coin (TWT) to soar. Trust Wallet Coin (TWT) was trading at $2.00 at the time of writing, up 2.23% from the previous day. However, Trust Wallet Coin (TWT) raises concerns as a good investment due to the weekly RSI indicator indicating that it is trading in overbought territory (above 70). The token thus runs the risk of a significant price decline in the final weeks of the year.
Stacks (STX) Brings DeFi, NFTs, And Smart Contracts to Bitcoin
Stacks (STX) is a rapidly growing layer-1 blockchain solution that extends the Bitcoin (BTC) cryptocurrency network with smart contract functionality and the development of dApps. Bitcoin’s top-tier security makes Stacks (STX) secure by association. Aside from security, Stacks (STX) also relies on the Bitcoin (BTC) network for transaction settlement.
With DeFi on the rise, Stacks (STX) adds the cherry on top with its security advantage. In the past 24 hours, Stacks (STX) has been trading between a low of $0.2359 and a high of $0.3439. As of November 29, Stack’s (STX) price is currently at $0.2465, a 4.6% gain in the day and 14.06% in the past week. However, Stacks’ (STX) momentum appears to be fading after a massive correction from a key resistance level of $0.344; investors should exercise caution before investing.
Snowfall Protocol Tops This Week’s Gainers List with Over 500% Price Increase
While the momentum of Trust Wallet Coin (TWT) and Stacks (STX) approaches exhaustion, another low-cap player is consistently mooning—Snowfall Protocol (SNW)!
Snowfall Protocol (SNW) is a multi-chain-focused blockchain solution that is quickly attracting investors. Snowfall Protocol (SNW) has beaten the bears with a remarkable 600% price increase in the past two months. The token has soared from $0.01 in the first round to $0.06 near the end of the second round. And this isn’t the highest point. Snowfall (SNW) is expected to gain another 150% when the price reaches $0.075 at the start of the third round.
Snowfall Protocol (SNW) has also piqued the interest of market analysts, who now predict that Snowfall token (SNW) will generate over 1000% returns for presale holders at launch and a likely 5000% when the bull rally begins! There couldn’t possibly be a better time to invest in Snowfall Protocol. Join the Snow army today. Go to https://presale.snowfallprotocol.io/.
Click on the links below for further information about Snowfall Protocol (SNW)
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
