Litecoin (LTC) slumps by 14.6%, Bitcoin Cash (BCH) down 12.3%, Snowfall Protocol (SNW) to increase 1000x with time

As Litecoin (LTC) and Bitcoin Cash (BCH) are struggling, the new token, Snowfall Protocol (SNW), is turning all heads and winning investments. What is the reason behind this raging success? Read ahead to know more about the success of Snowfall Protocol (SNW) along with the recent performance of Litecoin (LTC) and Bitcoin Cash (BCH).

Litecoin (LTC) unlikely to recover soon

The second-most popular cryptocurrency, Litecoin (LTC), provides fast, safe, and low-cost payments through blockchain technology. This year has seen a lot of variations in Litecoin’s (LTC) price as it hiked and slumped continuously. At the time of writing, Litecoin (LTC) is trading for $66.6, which is a 14.6% decline compared to last week. True for most other cryptocurrencies as well, 2022 hasn’t been the best year for Litecoin (LTC) as it is currently 83.8% below its all-time high of $412 in 2021. This week brought some hope to investors as Litecoin (LTC) hiked from $65 to $70 in a day indicating sudden growth but it was only short-lived. Litecoin (LTC) soon commenced a downward trend and has now reached a similar price as before. The 2023 predictions for Litecoin (LTC) indicate a better future as it is forecasted to reach $137 next year. However, this is still far behind the expected growth rate for a big name like Litecoin (LTC).

Bitcoin Cash (BCH) down 3.5% in past 24 hours

Result of a hard fork from Bitcoin, Bitcoin Cash (BCH) is an electronic cash system that operates on a peer-to-peer basis. Fast payments, little costs, secrecy, and a huge transaction capacity are all characteristics of Bitcoin Cash (BCH), which seeks to become a reliable form of global currency. Bitcoin Cash (BCH) has seen a steep decline in its graph this year, as it fell from a stunning $430 to $96, which is a 77.6% decline. Bitcoin Cash (BCH) is now trading at $96.4, which only comes after the 3.5% slump in the last 24 hours. Since April, Bitcoin Cash (BCH) has continuously fallen and hasn’t yet calmed investors’ anxiety as it is 12.3% down this month. Only time will tell whether Bitcoin Cash (BCH) would be able to reach its all-time high levels of $4,355 again. The predictions for Bitcoin Cash (BCH) have experts agreeing that the token could reach $590. However, these could still change anytime due to the volatile market.

Snowfall Protocol (SNW) reaches new all-time high

With Snowfall Protocol (SNW), the interoperability limitations that have hindered blockchain technology so far wouldn’t be a problem anymore. Users will be able to transfer fungible and non-fungible assets via the Snowfall Protocol (SNW) dApp in a scalable, interoperable, and secure setting. Snowfall Protocol (SNW)is the first cross-chain platform that enables the transfer of fungible and non-fungible assets across chains that are EVM-compatible and non-EVM-compatible. Snowfall Protocol (SNW), although being in its early (presale) stages, has astounded investors and industry professionals with its dominant run. The Snowfall Protocol (SNW) team posted a screenshot of the protocol’s progress bar this week, showing a solid growth in the protocol’s last round of the presale campaign. In only a little over three weeks, Snowfall Protocol (SNW) has sold more than 78% of the round’s planned 100 million tokens, according to the post from December 25. The Snowfall Protocol (SNW) token, which started the round at $0.075, has now achieved a new record high of $0.14. The tweet also indicates that Snowfall Protocol (SNW) will officially launch and go on sale in January 2023. Hence, it is the best time to invest in Snowfall Protocol (SNW) as its price is going to 1000x in the coming few weeks and investors will enjoy great returns.