Polkadot And Solana Fail To Meet Investor Expectations As Snowfall Protocol Exceeds Them
The post Polkadot And Solana Fail To Meet Investor Expectations As Snowfall Protocol Exceeds Them appeared first on Coinpedia Fintech News
Polkadot and Solana have established cryptocurrencies that are well-known among investors. However, Polkadot and Solana have failed to meet investor expectations due to their internal and macroenvironmental issues. On the other hand, Snowfall Protocol (SNW) offers its investors incredible value. It has already multiplied investor wealth since presale and is predicted to keep up even after its launch.
So, if you are invested in Polkadot or Solana, it’s time to rethink your investments and recoup your losses by investing in Snowfall Protocol (SNW).
Polkadot (DOT)
Polkadot differentiated itself from its competitors by offering to become a platform to interlink blockchains and let them communicate with each other. However, Polkadot’s architecture makes it difficult for Polkadot to realize its use case.
Polkadot has a limited number of validators and is rising very slowly because Polkadot has very high system requirements. Also, it takes around 1.7 million Polkadot tokens to qualify to become a validator on Polkadot. The reward-to-risk ratio is also incredibly skewed toward risks.
Polkadot has also failed to help its investors create value for a while now. Polkadot has shown that it marginally increases in a bull market but crashes in a bear market. The volatility of the coin also does not inspire investor confidence.
Solana (SOL)
Solana is a well-known name in the crypto market with a good investor base. As a layer 2 Ethereum chain, Solana promised scalability and speed to its investors. However, Solana has repeatedly shown that it is highly prone to outages. That has already dented investor confidence. However, the FTX collapse completely pulled the rug under Solana. Solana was supported by FTX, which held almost $100 million worth of Solana in their balance sheets. With the FTX collapse, Solana took a big hit.
With the ongoing issues with the Solana blockchain, such as the biggest supporters of Solana declaring bankruptcy, Solana’s price took a nosedive. Unsurprisingly, the value of Solana dropped by more than half and is not showing any signs of sustained recovery. For this reason, Solana has not met investor expectations.
Snowfall Protocol (SNW)
The Snowfall Protocol (SNW) is an interoperability blockchain that provides a smooth transfer of crypto assets from one blockchain to the next. Snowfall Protocol (SNW) has offered its investors a clear roadmap for the future and has also released the prototype dApp. Snowfall Protocol (SNW) also offers staking returns to its users on its launch on January 3, 2023.
Snowfall Protocol (SNW) has created a lot of investor interest since its pre-launch. After the successful closure of stage 2, stage 3 started with a 250% premium. Snowfall Protocol (SNW) is set to create 5,000% gains for its users over the months following its launch.
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Filed under: Bitcoin - @ December 27, 2022 6:12 am