The decentralised landscape is rapidly evolving, and Snowfall Protocol (SNW) is emerging as the clear leader over Shiba Inu (SHIB) and Osmosis (OSMO). Following the successful completion of stage 2 presale, and the unveiling of the Dapp prototype, Snowfall Protocol (SNW) has solidified its standing within the crypto space. This post will provide an in-depth analysis of why Snowfall Protocol (SNW) is a more prudent investment than Shiba Inu (SHIB) and Osmosis (OSMO).
Shiba Inu (SHIB) – a really poor performance
Despite losing so much of its value over the past year, Shiba Inu (SHIB) continues to attract the interest of a sizable portion of cryptocurrency investors. Given the surge in the number of addresses holding meme coins, corroborates the same. The number of Shiba Inu (SHIB) holders has already surpassed 3 million wallets, marking another significant achievement.
It’s interesting to note that, despite the increase in addresses, there aren’t many active SHIB addresses at the moment. Despite the 35% increase in total addresses seen this year, it now represents less than 5% of all addresses.
Moreover, Shiba Inu’s (SHIB) price continues to be incredibly low, much like the rest of the market. Additionally, the numerous market collapses that have occurred this year, has further aggravated the conditions for the cryptocurrencies. With a price that has already lost more than 89% of its all-time high, Shiba Inu (SHIB) is currently one of the poorest performers on the market.
Additionally, Shiba Inu’s (SHIB) price is currently below the threshold of $0.0000091, which is crucial. All indications have become bearish for the short and long term when the meme currency, Shiba Inu (SHIB), dropped below this level. Low market momentum results in less liquidity descending to altcoins like SHIB, which has significantly impacted its price.
Osmosis (OSMO) – the downward trend
Osmosis (OSMO) is an interchain Automated Market Maker (AMM) designed to facilitate the creation and management of a self-regulating, non-custodial, interchain token index. Osmosis (OSMO) was deployed with a fair launch to enable this functionality.
Osmosis (OSMO) experienced an initial surge in value, peaking at an all-time high of $11.21 on March 4, 2022. Subsequently, Osmosis (OSMO) was met with a significant downtrend, exacerbated by the bearish market conditions, resulting in a more than 50% decrease in its value up until June.
Investors are not forecasting a substantial uptrend in the short-term for Osmosis (OSMO), which is currently hovering between $0.94 and $0.98. As an alternative, they are considering other investment protocols in lieu of Osmosis (OSMO).
Snowfall Protocol (SNW) – to the rescue
Snowfall Protocol (SNW), a recent entrant to the market, has attracted the attention of sophisticated investors and market analysts. During its presale launch, Snowfall Protocol (SNW) began at $0.005 and has since seen a significant appreciation to its current price of $0.095, in the third and final round.
Snowfall Protocol (SNW) achieved successful fundraising of $3 million across two rounds. The second round was sold out a day before the scheduled completion date. Snowfall Protocol (SNW) is scheduled to be deployed on January 3rd, with an initial price of $0.2, based on market trends.
Investors can take advantage of returns of up to 14% by staking Snowfall Protocol tokens in SNW’s Staking Pool. SNW, the native token of Snowfall Protocol, serves both as a governance token and as a utility token, providing investors with a lucrative opportunity to invest in the protocol.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.