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The crypto industry is yet to recover from the aftermath of the FTX collapse. With a lot of crypto projects promising significant returns in 2023, investors are considering which coin (s) is best to hold for the long term. In this article, we shall examine the price predictions for Dogecoin (DOGE) and Shiba Inu (SHIB), Amp (AMP) and Snowfall Protocol (SNW).
Dogecoin (DOGE)
Dogecoin is arguably the most popular memecoin ever created. The coin enjoys the backing of celebrities, such as Elon Musk, who has helped to boost its popularity within the crypto community. Dogecoin was originally designed as a parody of the cryptocurrency industry. It is an open-source, peer-to-peer cryptocurrency that uses a distributed and secure ledger to preserve its transactions. The coin was released to lots of pump and fanfare and hit an all time high of $0.73 in May 2021. However, after recording its all time high, Dogecoin has witnessed a downward spiral and is currently trading at $0.07309. Dogecoinâs inability to meet the $1 resistance has led many investors to question its viability.
Many investors had hoped that the rise of Elon Musk as the CEO of Twitter would have a significant influence on the coin. There were also rumors that Musk would introduce Dogecoin (DOGE) as the currency for transactions on Twitter. However, these have not been the case and Dogecoinâs reliance on Muskâs promotions has further accentuated the tokenâs shortcomings. With Dogecoinâs price predictions constantly fluctuating and heavily dependent on the tweets of the worldâs richest man, investors are looking to invest in coins, such as Snowfall Protocol (SNW), with long term value and potential for high ROI.
Shiba Inu (SHIB)
Famously dubbed the âDogecoin Killer,â Shiba Inu (SHIB) has failed to meet the expectations of investors. Founded in 2020 by Ryoshi, Shiba Inu (SHIB) is an Ethereum-based altcoin that was touted as the perfect alternative to Dogecoin (DOGE). Following its introduction at the height of the memecoin craze, several holders and investors divested their funds from Dogecoin (DOGE) into Shiba Inu (SHIB) with hopes that the coin will enjoy more success. However, this wasnât the case as Shiba Inu (SHIB) has grown to become a high-risk, low return investment. The coin is highly volatile, making any future price prediction dicey and unattainable. Shiba Inuâs (SHIB) native token SHIB, is presently priced at $0.00000816, over 74.77% beneath its all time high of $0.000032. Shiba inuâs (SHIB) all time high is largely attributed to the hype generated by prominent persons, such as Vitalik Buterin and Elon Musk.
It is predicted that Shiba Inu (SHIB) will witness a downward price prediction in the coming months. However, Shiba Inuâs (SHIB) developers are looking to rebrand the coin with hopes that the token might shed its memecoin status and offer lasting value to investors. However, there is no assurance that such rebranding would lead to an upward price prediction and take Shiba Inu (SHIB) into new highs. This is why investors are presently rallying around Snowfall Protocol (SNW) because of its value proposition and potential for huge returns.
Amp (AMP)
Amp (AMP) is an open-source, Ethereum-based blockchain protocol founded by Flexa. The tokenâs primary objective is to guarantee the safety of transactions and data, making them more secure and instant. The token was built in line with the ERC-20 token standard and enables users to purchase and sell fiat and other digital currencies with ease. Amp decentralizes the risks connected with the transfer of funds across insecure networks. Participants are offered part of Flexa networkâs processing fees for each transaction executed on the Amp network. Since its introduction, the price of AMP has been a subject of constant fluctuation. The present price of AMP stands at $0.0031, with a total market cap of over $131 billion. With an all-time high price of $0.12 and a total trading volume of over $2 billion, the general consensus around AMP is bullish. While the token is a new player within the cryptocurrency market, it has already generated a lot of buzz and attention.
However, the fact that the coin is a âpennyâ cryptocurrency might work against it in the long term. Penny coins are extremely speculative tokens and might eventually end up worthless in future. Which brings us to the best coin on the block: Snowfall Protocol (SNW)
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) allows users to safely exchange cryptocurrencies, data and NFTs across EVM and non-EVM compatible blockchains. Snowfall Protocol (SNW) also provides participants with staking and yielding opportunities. Experts attribute the success of Snowfall Protocol (SNW) to its value proposition and ability to generate returns to investors and users. Snowfall Protocol (SNW) sold over 190 million SNW tokens during the first and second phase of its presale. Snowfall Protocol (SNW) price has risen over 400% since the start of the first presale and the second presale event was sold out within 24 hours of announcement. Thankfully, interest parties can still participate in the third phase of the presale, which is presently ongoing.
Given the increasing demand of Snowfall Protocol (SNW) among investors, experts are predicting a bullish run in the coming months. It is estimated that Snowfall Protocol (SNW) will experience a growth of 1,000% to 5,000 in the coming months after its official launch. Snowfall Protocol (SNW) presents a golden opportunity for investors to recoup lost monies from the last bearish run. To be a part of the Snowfall Protocol (SNW) community, simply sign up today to start enjoying this and many other amazing offers!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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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.