This explains investors’ decision to forgo
Terra Classic and Litecoins in favor of Snowfall
Protocol tokens, as a coin rarely costs lower than its presale price
when it launches.
Terra Classic (LUNC) Continues To Plummet Beneath Bear’s Strength
Terra Classic (LUNC) has been a good example of volatile
cryptocurrencies in the last few weeks. Terra classic (LUNC) has demonstrated
all forms of price trends, giving investors false hope, all to be charting 13%
less than average. Terra classic (LUNC) currently trades at $0.00017024.
Beginning in December, Terra Classic (LUNC)
showed signals of moving beyond its range. During the upward phase, investors
swiftly activated their sell orders, and a strong downward trend subsequently
formed. Analysts say liquidation could occur if the Terra Classic (LUNC) does
not maintain support at present levels.
Litecoin (LTC) Recent Rise Far From
The last month was one of Litecoin’s
best-performing months this year, majorly because of its event coming up in
2023. While Litecoin’s price may rise at this period and experience higher
volatility during this period, experts believe the upturns will be temporary.
The reason for this is that Litecoin (LTC) not
only lacks fundamentals appropriate for the current market, but it also carries
the mistrust of older investors in the crypto industry. This is due to Charlie
Lee, the man who created the altcoin, selling his stakes in 2017, during the
peak of Litecoin.
Additionally, the altcoin also discouraged
miners because Litecoin’s reduction in capitalization caused a dramatic decline
in the cost viability of mining LTC tokens. With so many volatile factors
affecting Litecoin, several experts are leaning towards more stable assets like
Snowfall Protocol (SNW) Turning Out To Be Crypto’s Largest Presale
Investors are trooping in droves to Snowfall
Protocol (SNW) as seen in the quick time taken for the presale
stages 1 and 2 to sell out. According to
Protocol’s latest Twitter announcement yesterday, stage 3 of the
presale may come to an end today, seventh December 2022.
Once the current stage ends, early investors
will have made at least 250% remarkable
returns since the snowfall protocol presale started weeks ago. The new price will be pegged at $0.095 and
will be the last chance for investors to purchase snowfall
protocol tokens below $0.10.
It is noteworthy that the snowfall protocol token has raised over 3 million
dollars and can still generate up to a million more before the Snowfall
protocol ecosystem officially launches in January.
In conclusion, an investment in a Snowfall
Protocol project short-term is way more profitable than leaving your
assets or buying more tokens in Litecoin and Terra classic.
Get in while you can and invest in Snowfall Protocol (SNW)
The views expressed on this page are those of the author and not of The Portugal News.