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As the cryptocurrency market struggles to survive the bear market, Terra Classic (LUNC)and WEMIX have suffered exceptionally poor performance, losing almost all their value. However, Snowfall protocol (SNW) has been showing positive price increases providing investors with an alternative coin to help boost their portfolios.
Snowfall protocol (SNW): Providing Cross-Chain Solutions for The Blockchain Sector
Snowfall protocol (SNW) has entered the cryptocurrency market with a bang. The coin has so far sold millions of coins in the presale period that is expected to end towards the end of December. Investors who invested in theSnowfall protocol (SNW) have already begun making profits from their investments well ahead of the official launch ofSnowfall protocol (SNW).
Although the value and rate of growth of Snowfall protocol (SNW) are impressive, it is not the only reason why Snowfall is attracting investors. Snowfall protocol (SNW) offers immense value in the blockchain space. For instance, Snowfall protocol (SNW) eliminated the barriers that hinder communication between different EVM and Non-EVM compatible blockchains.
Snowfall protocol (SNW) also allows the transfer of all types of assets, including fungible and non-fungible tokens from one blockchain to another. With Snowfall protocol (SNW), blockchain users can interact with and enjoy the benefits of other blockchains without leaving their favorite chains.
Terra Classic (LUNC)Crashes After News of Founder’s Whereabouts Resurface
On December 12, 2022, Korean Media Outlet Chosun reported that Do Kwon is hiding in Serbia. Do Kwon is the founder of the Terra Ecosystem. Terra Classic (LUNC)is the cryptocurrency associated with the Terra ecosystem. He has been previously accused of fraud in connection with the demise of the Terra ecosystem and has been in hiding for a while.
According to data from CoinMarketCap, the value of Terra Classic (LUNC)dropped by more than $32.33 million within 24 hours after the news about Do Kwon’s whereabouts.
Du Kwon was also slapped with a $57 million lawsuit with more than 300 plaintiffs accusing him of making misleading claims about the Terra USD stablecoin. The value of Terra Classic (LUNC)has been negatively affected by Do Kwon’s doings.
Earlier in 2022, Terra Classic (LUNC)had plummeted in value after its sister stable coin depegged, and lost all its value after De-Fi platforms abandoned the Terra ecosystem. Currently, there is no hope for Terra Classic’s survival until the fraud claims associated with Do Kwon are sorted out.
WEMIX Get Delisted On 4 Exchanges
The four main cryptocurrency exchanges in South Korea recently announced that they have stopped offering trading options with the WEMIX coin. The four exchanges, Upbit, Coinone, Bithumb, and Korbit further stated that they would continue to support the withdrawal of the WEMIX coin up to January 5, 2023.
The four cryptocurrency exchanges support more than 94% of the total cryptocurrency trading volumes in South Korea. As a result, the Four giants’ delisting of WEMIX was bound to have a major impact on the coin’s value.
Wemade. co, the South Korean blockchain game developer behind the WEMIX coin went to court to prevent the four exchanges from delisting WEMIX. However, the Seoul Central District Court dismissed their request. This development led to a sharp decrease of more than 70% in the value of the WEMIX coin.
Things went further downhill for the WEMEX cryptocurrency when global cryptocurrency exchange OKX announced it would also be delisting WEMEX due to misreported circulation numbers of the WEMEX coin
Final Word
Despite 2022 being one of the worst years for the cryptocurrency market, Snowfall protocol (SNW) has managed to make a name for itself. While coins like Terra Classic (LUNC)and WEMIX have suffered terrible blows to their value, Snowfall protocol (SNW) has remained a top choice for investors looking for investment options with X1000 growth potential.
Learn more about Snowfall protocol (SNW) in the following links
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
