The post Analysts Review Apecoin And Chiliz : Snowfall Protocol Demand Sets New Ath In Presale appeared first on Coinpedia Fintech News
After taking a beating from the bears all year, the crypto ecosystem appears to be taking a breather this holiday season. However, even though most coins are trading in the green, analysts warn investors against “aping” and falling prey to short-term rallies.
They should instead focus on low-cap altcoins with high growth potential. Topping the list of low-caps with high potential is the cross-chain solution, Snowfall Protocol. Why do analysts prefer Snowfall Protocol (SNW) as an investment alternative to ApeCoin (APE) and Chiliz (CHZ)?
ApeCoin’s Reign Could Be Coming to an End
ApeCoin (APE) is an ERC-20 governance and utility token of the Bored Ape Yacht Club (BAYC), a Yuga Labs ecosystem NFT project. ApeCoin (APE) is managed by a DAO or decentralized autonomous organization. Anyone who owns ApeCoin (APE) has the right to vote on relevant governance decisions. APE token holders can vote on issues such as fund allocation, collaboration, project selection, and more.
Competition from new projects, given that ApeCoin (APE) is only a year old, is the biggest threat to the cryptocurrency. The popularity of ApeCoin (APE) may decline over time, as may the number of new holders for the Bored Ape Yacht Club collectibles.
In the short term, ApeCoin (APE) may even be riskier due to the possibility that the ApeCoin (APE) rally will begin to fade as ApeCoin (APE) stakers begin to accrue their staking rewards on December 12. If you have your heart set out to invest in ApeCoin (APE), it is best to wait.
Chiliz World Cup Performance Is A Turn Off to Investors
Chiliz (CHZ) digital currency places professional sports teams and leagues in a digital environment where they can provide their fans with unique experiences, exclusives, and rewards. Its ultimate purpose is to increase fan engagement. Token holders can vote for their favorite sports teams and invest in new sports organizations. Token holders can thus have a say in how a team makes decisions. Sports teams and entertainment companies, in turn, can use blockchain tools to monetize these audiences.
Chiliz (CHZ) received a lot of attention before the FIFA world cup, which led to some impressive performances at this time. However, Chiliz (CHZ) has struggled to maintain this momentum since the event began, eventually losing about 29% of its value. Chiliz (CHZ) has also experienced extreme volatility. The token has risen in popularity in the run-up to matches involving big teams such as Portugal, only to plummet when the teams lose.
Snowfall Protocol Is the Future of Interoperability
Consider a future where you could easily exchange your ApeCoin (APE) tokens for Chiliz (CHZ) and vice versa. That future has arrived, and its name is Snowfall Protocol (SNW). Snowfall Protocol is the first cross-chain ecosystem that allows users to swap fungible and non-fungible tokens ALL chains.
Snowfall Protocol (SNW) began its presale campaign two rounds ago and is now at the top of the list of top performers for 2023. Snowfall Protocol is currently in the third round of its presale campaign. Despite the ongoing bear run, Snowfall Protocol has already reached a $3M cap in the last two rounds.
Moreover, the Santa rally has overwhelmingly favored Snowfall Protocol. Snowfall Protocol’s price has already increased by 250% in just one week of the third round, and it now stands at $0.095. Market analysts predict that if this trend continues, Snowfall Protocol (SNW) will launch at $0.2. But is that possible?
Fundamental analysis predicts that the price of any token will skyrocket in the days leading up to a major event, and Snowfall Protocol is no exception. Other factors that favor Snowfall’s probability of a $0.2 launch price include the ecosystem’s dApp and staking feature launching in January as well.
Prototype of the dApp shared on Snowfall’s telegram channel: https://t.me/snowfallcoin
Snowfall’s staking feature promises up to 14% staking rewards! Join today for up to 1000% returns post-launch. Presale: https://presale.snowfallprotocol.io
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