SPONSORED POST*
The cryptocurrency market is showing signs of recovery in recent months. Major cryptocurrencies such as Bitcoin (BTC), Cardano (ADA), Ripple (XRP), and Ethereum (ETH) are experiencing price surges.
In this article, we will look at how Cardano (ADA) is having trouble reaching its price target of $0.39. We will also do a market analysis of Ripple (XRP). Additionally, our blog will focus on a new and popular cryptocurrency, Snowfall Protocol (SNW), which is breaking all records in its presale.
Cardano (ADA) Price To Fall Further
Cardano (ADA) has faced major price fluctuations in the last three weeks. In the past month, the price of Cardano (ADA) has gone from $0.25 to $0.37. At the time of writing, Cardano is trading at $0.37.
Though Cardano (ADA) has recovered since December 2022, it is still facing issues to cross the $0.39 hurdle. The current price graph analysis of Cardano (ADA) shows a double top formation. Thus, it could mean a trend reversal where Cardano (ADA) price can fall by 15%.
Moreover, the RSI indicates that the Cardano (ADA) price can bounce back to $0.327.
Most importantly, the Total Value Locked in Cardano (ADA) is very low. Currently, Cardano (ADA) TVL is $50 million. It is a significant drop from its all-time high in 2022, which was $350 million.
Ripple (XRP) Market Cap Crosses $20 Billion Amid its Price Drop
Ripple (XRP) market cap has crossed $20 billion for the first time since September 2022. Ripple’s (XRP) one-month price graph shows an uptrend. On 28th December, 2022, Ripple (XRP) price was $0.36, which reached $0.42 at the time of writing.
However, if we look at the 3-month price graph of Ripple (XRP), it shows a major price drop. On November 5, 2022, Ripple (XRP) was at $0.50.
Most importantly, in the last year, Ripple (XRP) price has fallen by 51%. About a year back, Ripple (XRP) was trading at $0.90.
Snowfall Protocol (SNW) Breaks All Record With 200 million Token Sale
Snowfall Protocol (SNW) will revolutionize the way we transfer assets over the blockchain network. The protocol envisions building a secure ecosystem with smooth interoperability between multiple blockchain networks for the seamless transfer of assets. Snowfall Protocol (SNW) is a multi-chain bridge that allows users to transfer fungible and non-fungible tokens.
Snowfall Protocol (SNW) uses the canonical token bridge to swap fungible tokens between EVM and non-EVM compatible chains. This allows users to conveniently share NFTs and assets across popular gaming platforms like Axie Infinity and Gala Games.
Snowfall Protocol (SNW) is the first-of-its-kind platform for hassle-free NFT bridging. Thus, investors have shown immense interest in this unique and innovative project.
Snowfall Protocol (SNW), set to launch on February 3rd, 2023, is breaking all records with over 250 million tokens sold during its presale stages. Snowfall Protocol (SNW) has sold over 195 million tokens in its first two presales. The third presale stage is currently live, with 85% of the total 100 million tokens already sold out.
Snowfall Protocol (SNW) has witnessed a whopping 500% price surge recently. Currently, the value of Snowfall Protocol (SNW) is $0.191. The crypto market experts predict that the price will increase by a surprising 1000x after the official launch.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
*This article was paid for. Cryptonomist did not write the article or test the platform.
