Cryptocurrency traders and investors are on the lookout for the next big thing and Snowfall Protocol (SNW) has been the coin on everyone’s lips and has caught the attention of investors.

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Terra Classic (LUNC) Struggle despite burning tokens

Terra Classic (LUNC) witnessed one of the strangest years in cryptocurrency history. The collapse of the Terra Network in May prompted the platform to change the name of the former Terra chain to Terra Classic (LUNC). In addition, its founder, Do Kwon, was arrested in September for violating South Korea’s capital markets laws. After the arrest, Terra Classic (LUNC), the network’s native token, fell more than 25%.

While they increased the burning of Terra Classic coins and Terra Rebirth’s airdrop launch of the new LUNA token may have provided a temporary respite for affected users, it remains to be seen if Terra Classic (LUNC) can reverse its current trajectory in the long-term.

This has created uncertainty in the Terra community and investors are currently looking for better alternatives, such as Snowfall Protocol (SNW), to invest their money in.

Shiba Inu continues to Struggle Amid Increasing Price Drop

Shiba Inu (SHIB) was one of the breakthrough meme coins of 2020 and recorded an astonishing 500,000% growth rate in 2021, making many investors filthy rich. However, following the onset of crypto winter in May 2022, the coin witnessed a huge price drop leading many experts to claim that the Shiba Inu (SHIB) era was over. With a total market cap of $4.6 billion, many experts believe that the meme-coin needs to attain massive value to outperform projects like Dai, Solana, and Polkadot.

While the burn rate of Shiba Inu (SHIB) has recently increased, experts believe it won’t be enough to ensure its survival. In fact, the total value of all Shiba Inu (SHIB) burnt is just about $233. A combination of Terra Classic’s (LUNC) uncertainty and Shiba Inu’s (SHIB) price fall, has made investors opt for dependable and valuable cryptocurrencies, like Snowfall Protocol (SNW).

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Snowfall Protocol (SNW) Set to Launch at $0.22

For the past few weeks, the crypto community has been buzzing with excitement and news of the impressive performance of Snowfall Protocol (SNW). Snowfall protocol (SNW) has been touted by experts as the next multibagger token that can generate over 1000x ROI. During the first pre-sale phase, the price of Snowfall Protocol’s native (SNW) token increased by 80% to $0.009. More than 100 million Snowfall Protocol (SNW) tokens were offered at a price of $0.005 during the first presale. Since the first round of pre-sales, the price of Snowfall Protocol (SNW) has skyrocketed from $0.005 to $0.14, a clear indication of growing investor confidence and market acceptance. One of the main reasons for the success of the Snowfall Protocol (SNW) lies in its distinctive interoperability model, which enables it to seamlessly connect to different blockchains.

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