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It is no secret that the current bear market has taken its toll on many different cryptocurrencies. Axie Infinity (AXS), Trust Wallet Token (TWT), and many others have seen their values decline in recent weeks.
While there are still some good picks out there, market analysts believe that Snowfall Protocol (SNW) is a better option for this bear market. Let's take a closer look at why Snowfall Protocol (SNW) may be the best investment right now.
Why Axie Infinity (AXS) Is Losing Market Share
Axie Infinity (AXS) was once one of the hottest cryptocurrencies on the market. However, it has lost a considerable amount of value in recent weeks. There are a few reasons for this. First, Axie Infinity (AXS) is heavily reliant on the Ethereum (ETH) network. As the price of Ethereum (ETH) has declined, so has the price of Axie Infinity (AXS).
Second, Axie Infinity (AXS) is a gaming platform. While gaming platforms are still popular, they tend to be less popular during bear markets. Investors are simply not as interested in buying new games or playing existing ones when the market is in a downturn.
Finally, the game just isn't that innovative and many people believe that it will eventually be replaced by other games. This is always a risk with gaming platforms and one that Axie Infinity (AXS) investors should be aware of. Axie Infinity (AXS) players became solely focused on using NFTs to earn money rather than having fun and eventually, the game lost its appeal.
Why Trust Wallet Token (TWT) Is Losing Value
Trust Wallet Token (TWT) is another cryptocurrency that has lost value in recent weeks. Trust Wallet Token (TWT) promised rewards such as discounts on trades within the Trust Wallet Token (TWT) app. Unfortunately, this was not a strong enough incentive for people to keep using the app and Trust Wallet Token (TWT) began to lose users.
In addition, Trust Wallet Token (TWT) is not the only safe way to store cryptocurrency. There are many other options out there that provide the same level of security. Many exchanges have created their own self-custody wallets and users felt that those exchanges' native currency offered more benefits than holding Trust Wallet Token (TWT).
Why Snowfall Protocol (SNW) Is Increasing In Value Despite The Bear Market
Snowfall Protocol (SNW) has actually increased in value despite the bear market. This is because Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible tokens. The dApp enables users to swap assets across the most widely used EVM and non-EVM compatible chains.
In simple terms, this would be like how highways enable cars from different parts of the world to communicate with each other and travel to different destinations. Similarly, Snowfall Protocol (SNW) is building the highways needed for millions of people to communicate to every blockchain.
This is a much-needed service in the cryptocurrency industry and one that is only going to become more important as the industry grows. Snowfall Protocol (SNW) has already grown by more than 30% due to this co-operability model and is now trading at $0.015. Many experts agree that Snowfall Protocol (SNW) has the potential to grow by 5000% once it is launched.
Skilled market analysts predict that Snowfall Protocol (SNW) can be the next 1000x token. So, make sure you learn more about this project with the links below.
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
Disclaimer: This is a sponsored marketing content.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.