When the value of a cryptocurrency falls off the cliff, you should worry. Cronos (CRO) and Algorand (ALGO) are two such cryptocurrencies that did well for their investors, and then without warning, their value plummeted. Cronos (CRO) and Algorand (ALGO) are yet to recover from their disastrous crash. In the meanwhile, you do not have to suffer. Like other savvy investors, you can find a cryptocurrency like Snowfall Protocol (SNW) that can multiply your money and help you stay invested in a crypto with an ambitious vision.
What Happened to Cronos (CRO)?
Cronos (CRO) worked as a reward program for debit cards. So, whenever users swiped their credit card, they would get a part of their cashback in Cronos. It was promoted by Crypto.com. Then in January this year, the prices of Cronos (CRO) dropped by half. In another blow to Cronos (CRO), Crypto.com substantially reduced the number of Cronos (CRO) as part of their reward system to debit card holders. This sudden move crashed the price of Cronos (CRO) by another 30%.
Without any signs of recovery and clarity on why it slipped in the first place, Cronos (CRO) has lost almost 80% of its value. Such an invisible force will only drill Cronos (CRO) into a rabbit hole.
Why is Algorand (ALGO) Not Recovering?
Algorand (ALGO) peaked sometime in 2021 when it hosted both Tinyman and Algodex. Both had around 1000 users each. The proof-of-stake network of Algorand (ALGO) could support around 1000 transactions per second. But, despite good things happening, Algorand (ALGO) lost investor interest.
Algorand (ALGO) was plummeting when the developers announced the FIFA World Cup deal. It was supposed to be a watershed moment for Algorand (ALGO), but nothing much happened. There was a brief spike in Algorand (ALGO) prices, but it was not sustained. In fact, even after the announcement, Algorand (ALGO) has slipped another 80.24% in value. There is no upside in sight right now.
How Snowfall Protocol (SNW) Won Investor Money?
Snowfall Protocol (SNW), which started its presale in 2022, saw immediate interest from crypto investors. While the crypto is yet to be launched, it has already raised $3 million. Snowfall Protocol (SNW) offers a use case of crypto cross-bridges, which has captivated the investors’ imagination. There is also an incredible interest in the growth trajectory of the crypto. Stage 2 witnessed an all-out sale of Snowfall Protocol (SNW) tokens and pushed the price to $0.075, a growth of 250%. It has also announced a prototype of the dApp that will further fuel the price rise of Snowfall Protocol (SNW). It is expected to give its investors around 5000% in returns.