Snowfall Protocol Holders Are Up 500% And Counting Despite The FTX Token and Solana Crash!
FTX Token (FTT) and Solana (SOL) holders are seeing their wealth diminish as the prices of these tokens continue to crash.
First of all, it’s important to understand that Snowfall Protocol (SNW) is the first cross-chain transfer ecosystem built for fungible and non-fungible tokens. This means that our dApp enables users to swap assets across the most widely used blockchains.
In other words, they are building the highways needed for millions of people to communicate to every blockchain. This is a big deal because it solves one of the biggest problems in the crypto world today – compatibility.
This is like how the internet became useful when different computers could start communicating with each other. Similarly, Snowfall Protocol (SNW) is laying the groundwork for a new era of inter-chain communication that will make it possible for different blockchain protocols to interact with each other.
Investors are realizing this potential and Snowfall Protocol (SNW) has already witnessed a growth of more than 140% at the beginning of its presale stage. Stage 1 is already sold out. Stage 2 began on November 2nd. You can still become an early investor and make a tdy profit with this link here: https://presale.snowfallprotocol.io
By joining the Snowfall Protocol (SNW) community, you will be able to stay up-to-date with the latest news and developments, as well as interact with the team and other investors.
The Downfall of FTX Token (FTT) and Solana (SOL)
FTX Token (FTT) was supposed to be a game-changer in the world of cryptocurrency. It was created by FTX, a cryptocurrency derivatives exchange that was launched in 2019. FTX was created by Sam Bankman-Fried, who is also the CEO of Alameda Research, a quantitative trading firm.
FTX Token (FTT) gave users the benefit of a discount on their trading fees. FTX also bought back FTX tokens (FTT) every month and burned them, which should have decreased the supply and increased the demand, leading to an increase in price.
Unfortunately, FTX Token (FTT) has not lived up to expectations. Due to recent scandals, it was found that the exchange was insolvent. It did not have enough money to cover all of its user’s balances. FTX token (FTT) collapsed as the exchange filed for bankruptcy.
When it comes to Solana (SOL), the blockchain promises to be faster and more scalable than Ethereum (ETH). However, Solana (SOL) has failed to live up to the hype. The blockchain does not have the same level of dApp ecosystem as Ethereum (ETH). Additionally, Solana (SOL) has been plagued by several hacks and scams.
As a result, the price of Solana (SOL) has crashed from it’s all-time high. It’s doubtful that Solana (SOL) will ever regain its position as a top blockchain protocol. This is especially true since Sam Bankman-Fried, the CEO of FTX token (FTT), has been known as the main driving force behind Solana (SOL).
Stay away from both FTX token (FTT) and Solana (SOL). Don’t try and buy the dip hoping for a recovery. Instead, invest in Snowfall Protocol (SNW). They are building the infrastructure that will power the new era of cross-chain communication.
If Snowfall Protocol (SNW) meets predictions, it has the potential to grow 5000% by launch day. Some of the most experienced market analysts believe that Snowfall Protocol (SNW) has the potential to increase in value by 1000 times its current value.