Polygon (MATIC)-Ethereum ECR-20 bridge is the most active, Snowfall Protocol (SNW) price grows by 200% in a week
The cryptocurrency market’s volatility is no secret. Investors may struggle to make sense of the huge price fluctuations that occur over relatively short time periods. However, there are some unmatched investment opportunities in the crypto market, and a few projects have shown immense potential. One such project is Snowfall Protocol (SNW), which has seen its price grow by 500% in just a month. This compares favourably to other crypto projects like Polygon (MATIC) and Fantom (FTM), which have not seen such growth.
Fantom (FTM) bearish on its weekly cycle
The current technical lead of the Fantom (FTM) blockchain, Andre Cronje, made a shocking statement about the media’s representation of his platform. Cronje warned his nearly 400,000 Twitter followers not to expect any announcements or revelations as they develop the Fantom (FTM) ecosystem. Fantom’s (FTM) lead developer highlighted that he will be focusing on “discussing progress” rather than “big” announcements.
Instead, he promised to talk about his thoughts on issues like L1 scaling, gas subsidies, gas monetization, FTM Substrates, and how he would solve them on the Fantom network. Just making that claim on Twitter piqued the interest of his followers, and caused prices for Fantom (FTM) to rise. However, Fantom (FTM) is currently bearish on the weekly time frame, since the 50-day moving average is above the current price and it is gradually sloping downwards. This suggests that the price movement may function as resistance and could lead to further declines for Fantom (FTM).
Polygon (MATIC) drops 4% this week
This week, $2.18 billion worth of assets were locked between the Ethereum and Polygon (MATIC) ERC-20 bridge, nearly twice as much as the $1.36 billion worth of assets locked between the Ethereum and Arbitrum bridge. At the time of writing, another Plasma bridge linking Ethereum
and Polygon (MATIC) was the third most active, having locked in excess of $894 million. With such news, investors have started gaining confidence in the Polygon (MATIC) network. Polygon’s native token, MATIC, has appreciated in value by over 28% since the beginning of 2023, making it one of the most successful cryptocurrencies this year. At press time, Polygon (MATIC), the Ethereum scaling solution, is trading at a negative price level. After dropping 4% in value over the past day, Polygon’s (MATIC) general trend appears to be downward. Polygon (MATIC) has lost 2.56% of its value over the previous week.
Snowfall Protocol (SNW) sells 90% of its final round tokens
Snowfall Protocol (SNW) has maintained a very stable price growth despite the turbulence in the cryptocurrency market. The presale for Snowfall Protocol (SNW) has already broken all previous records of other cryptocurrencies, having raised over $4 million in just two months. Countless investors are positive about its future prospects, causing Snowfall Protocol (SNW) to rise tremendously since it was launched.
At its core, as a multichain communication protocol, Snowfall Protocol (SNW) facilitates the exchange of data between several blockchain networks. More than 90% of the 100,000,000 Snowfall Protocol (SNW) tokens released for sale in the last round of the presale have been purchased. Starting the ongoing phase at $0.075, Snowfall Protocol (SNW) has now reached a new all-time high of $0.191. As a result of its recent price growth, many in the cryptocurrency world now expect Snowfall Protocol (SNW) to continue its upward trend.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
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