Filecoin and Apecoin fail to deliver as investors rush to Snowfall Protocol (SNW)
While crypto assets like Filecoin (FIL) and Apecoin (APE) have seen significant drops in value, disappointing some investors, there are still many profitable opportunities in the market. A good example is the Snowfall Protocol (SNW). Snowfall Protocol (SNW) is a new and interesting cryptocurrency concept that many experts believe has huge potential for rapid growth.
Snowfall Protocol (SNW) has seen a price increase of over 250% in recent days. The current price is $0.17, and experts are still predicting a significant increase in the coming months.
Steep slope for Filecoin (FIL)
The bearish market has undoubtedly impacted Filecoin (FIL), but other factors are also to blame for the coin’s steep decline. The cryptocurrency project has been repeatedly accused of fraud and running a pyramid scheme. This has caused many investors to give up looking for more reliable investments.
Filecoin (FIL) is down 98.5% since hitting an all-time high of $237.62. The coin traded between $2.94 and $3.08, making it one of the worst-performing cryptocurrencies. With zero bullish momentum, many investors have lost faith in the project. They are now looking for assets with good prospects. This is where the Snowfall Protocol (SNW) comes into play.
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Apecoin (APE) fails to meet investor expectations
Apecoin (APE) has a distinguished pedigree. Cryptocurrency assets were distributed via airdrops to the renowned Bored Ape Yacht Club and Mutant Ape Yacht Club NFT series. Since then, Ape Coin (APE) has become a cryptocurrency asset linked to the NFT community.
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However, Apecoin (APE) has yet to establish a compelling use case. In this regard, it is most similar to meme coins such as Shiba Inu and Dogecoin. With no real use case, the value of Apecoin (APE) fluctuates wildly. The cryptocurrency asset has gone through several ups and downs over the last year and is currently trading between $3.55 and $3.66. While some experts continue to view ApeCoin (APE) as a long-term potential, others have sold their investments for better opportunities in Snowfall Protocol (SNW).
Snowfall Protocol (SNW) leaps to new heights
The revolutionary Snowfall Protocol (SNW) dApp prototype supports non-EVM, EVM chains that facilitate cross-chain asset exchange (non-fungible and fungible) and provide many additional cutting-edge solutions.
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Snowfall Protocol (SNW) sold out one day before the second round of pre-sale. The third presale of Snowfall Protocol (SNW), which is currently underway, will also end in less than two weeks. The token’s value has increased by 400% so far. Additionally, Snowfall Protocol (SNW) has sold over 195 million tokens to date and demand continues to grow.
When Snowfall Protocol (SNW) launches on January 3, 2023, it should be at the top of the list among early investors eager for the project to earn a solid return on investment. The SNW token is currently priced at $0.14 per unit and many experts believe that by 2023 it will be one of the coins that will create a large number of millionaires.