2022 was a difficult year, especially for the cryptocurrency world. While 2021 was plagued by the global COVID restrictions it was quite good for crypto, with Bitcoin, very much the flagship of the crypto world, reaching an all-time high market price of around $65,000 by November 2021. The market, including Polygon (MATIC) and Cardano (ADA) continued to perform well into 2022 until May 2022 and the Terra/LUNA crash. From that point on, crypto has been struggling to keep its head above water.
But now, it seems that some optimism is returning. There are some good signs, such as the investment “whales” barreling their way into Polygon (MATIC), Cardano (ADA), and Snowfall Protocol (SNW).
Polygon (MATIC) soars away
Polygon (MATIC) is not just a cryptocurrency. Polygon (MATIC) is, in fact, a suite of scaling technologies designed to work with the Ethereum platform. The Polygon (MATIC) token reached its all-time high price in December 2021 since when, and in common with every other token, Polygon (MATIC) has endured a torrid time. However, just over the course of this year, Polygon (MATIC) has enjoyed a healthy 48% price spike and, in terms of daily users, is riding high in second place, only just behind Binance.
Cardano (ADA) is busting out all over
The founder of Cardano (ADA), Charles Hoskinson, has been all over social media recently waxing lyrical about the profusion of recent developments on the Cardano (ADA) blockchain. These include the Cosmos bridge, a stablecoin called “Dejd,” and “Hydra,” a layer-2 scalability product that enables faster transaction speeds. In addition, Cardano (ADA) will be launching a whole series of new Dapps.
The market loves innovation and dynamism, especially in the cryptocurrency world where standing still, even for a modest period of time, can make you look like you’re dead. This may explain why Cardano’s (ADA) market price has gone up by an impressive 45.5% over the last 30 days.
Snowfall Protocol (SNW) on the verge of a revolution
If you haven’t heard of Snowfall Protocol (SNW) yet then that will change soon. Snowfall Protocol (SNW) is on the cusp of launching in February 2023 and looks set to whip up a market storm. This is not just another token whose creators are relying on gimmicky promotions or constant social media hype, like Cardano (ADA). Snowfall Protocol (SNW) is an application that enables and facilitates cross-chain transactions as well as blockchain-to-blockchain communication.
This is revolutionary. Crypto has always been plagued, and some would argue that it has been held back by the fact that the multitude of different blockchains are incompatible. The team behind Snowfall Protocol (SNW) realized that this was a problem waiting for a technological solution, and they came up with it. Crypto holders will be able to securely and easily transfer and exchange assets across both EVM and non-EVM compatible chains.
Snowfall Protocol (SNW) is now in the final throes of its pre-sale stages, during which it has enjoyed 4000% growth. Market analysts are so excited about Snowfall Protocol (SNW) that they are predicting a further 5000% gain following the February launch.
2023 may well prove to be the year during which crypto gets back on its feet again after being knocked flat on its back during 2022. While there are many promising tokens to consider, like Polygon (MATIC) and Cardano (ADA), Snowfall Protocol (SNW) is the one that holds the most promise.