Snowfall Protocol (SNW) will overtake Bitcoin (BTC) in 2023

By 2022, almost all asset classes have been wiped out. Bond and stock prices are falling rapidly, while gold is down about 10%. Only investments in cash equivalents consistently bring returns.

Cryptocurrencies have suffered the most. In November 2021, the value of Bitcoin (BTC) was about $69,000; today it’s worth just $20,700, a drop of about 70%.

Cryptocurrencies are no better, as Dogecoin (DOGE) has lost over 70% of its value this year.

Can you invest in cryptocurrencies now?

Has Bitcoin (BTC)’s Weekly Gain Been Enough?

Bitcoin (BTC) price is currently showing signs of slow gains without falling after a significant break. There can always be a price drop for Bitcoin (BTC). The top cryptocurrency maintains a fantastic weekly growth of around 9%. Several chain indicators point to a possible short-term decline. Some Bitcoin investors believe this rebound is the start of a bull run.

Bitcoin (BTC) exchanges saw a lot of liquidity at $21. This indicates that the market is preparing for a temporary bottom, followed by a fall in prices. Large investors can try to start short bets to profit from the price drop. Data from Crypto Quant shows that significant amounts of Bitcoin (BTC) are being transferred to exchanges at a rapid rate.

The optimal time to declare Bitcoin (BTC) a safe investment for 2023 is a different time than the time of this review.

Dogecoin (DOGE) is hitting new highs, but a 60% drop is coming soon.

According to a well-known technical indicator, the recent spike in the price of Dogecoin (DOGE) may be approaching the maximum level.

The relative strength index (RSI), a momentum indicator used to identify overbought or oversold levels, rose to 93.69 on the daily chart of Dogecoin (DOGE). The price of DOGE has not been this high since April 2021, when it reached a new record high of $0.75.

Therefore, a sharp swing to the negative cannot always be predicted by “overbought” conditions. However, they represent excessive market buying excitement, resulting in Dogecoin (DOGE) trading sideways or down.

Similar price fluctuations can be seen on the weekly chart of Dogecoin’s bear market from 2018 to 2020. Notably, Dogecoin (DOGE) peaked at $0.0194 in January 2018, showing a 95% decline two years later.

The price of DOGE could fall to close to $0.055 by the end of this year, which is a 60% drop from current price levels, assuming the fractal develops as expected.

In 2023, Snowfall Protocol (SNW) will overtake both Dogecoin (DOGE) and Bitcoin (BTC).

Snowfall protocol (SNW) quickly rose to market value 60 million dollars since it went on sale last month. The need for blockchain communication created the Snowfall Protocol (SNW). The Snowfall Protocol (SNW) allows cryptocurrency holders to earn passive income by investing in a blockchain-to-blockchain-enabled project and distribute that money to increase their cryptocurrency winnings.

Bitcoin (BTC) and Dogecoin (DOGE) price increases are expected to be followed by price decreases until the end of 2010. 2022It is estimated to reach the Snowfall Protocol (SNW). 4000% by then, and surpassing both Dogecoin (DOGE) and Bitcoin (BTC) in market capitalization in the first quarter. 2023.

Presale price Snowfall protocol (SNW) has more than doubled and is currently trading at this price $0.075. Investors have the biggest opportunity right now and most are taking advantage of it.

Follow Snowfall (SNW) to be a part of the next big thing in the crypto space;





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