The crypto market is growing rapidly as people realize the opportunities it provides. Some of the most talked about tokens is Stellar Lumens (XLM) and Snowfall Protocol (SNW).
However, Snowfall Protocol (SNW) is set to soar miles ahead of other tokens. This article will compare Snowfall Protocol (SNW) with Stellar (XLM) to explore why it will be a better-performing token soon.
Stellar (XLM) declines by 72% in a year
Stellar (XLM) has not exactly had a “stellar” 2022. Holders of Stellar (XLM) were hit with significant losses as the consolidation of cryptocurrency markets proceeded. As a result of the harsh market environment, Stellar (XLM) faced many challenges and has had a difficult time recovering.
While Stellar (XLM) has seen recent short-term increases, it is unable to provide token holders with sustainable value growth. From its all-time high of $0.94, the price of Stellar (XLM) has dropped 91.94%. The value of Stellar (XLM) has decreased by about 14.39% in the past month and over 72% in the past year, falling to a two-year low of $0.074. Though there was a 230.70% increase in Stellar (XLM) pricing from its cycle low of $0.03, achieved in March 2020, it is not very noteworthy considering the consistent price declines. Stellar’s (XLM) transaction volumes hit $300 million in November due to significant selling pressure, and a similar pattern is expected in the coming months.
Snowfall Protocol (SNW) raises over $3 million
Snowfall Protocol (SNW) is a sophisticated tool that eliminates major issues users face while trading tokens. Snowfall Protocol (SNW) enables users to maximize the value of their assets by allowing the safe and simple transfer of assets between various blockchain networks.
As more people become aware of this multi-chain transfer ecosystem’s advantages, the Snowfall Protocol (SNW) value will likely skyrocket. So far, Snowfall Protocol (SNW) has had two incredibly successful presale rounds, with prices surging over 400% in just two months. Such gains are unheard of in the crypto space, and Snowfall Protocol (SNW) is setting new benchmarks. Snowfall Protocol (SNW) raised over $3 million and sold approximately 190 million tokens in its presale phases. Moreover, with the release of the Snowfall Protocol (SNW) dApp in January, more sales and price surges are expected.
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