Some cryptocurrencies move in tandem with the market. They rise exponentially with the market and crash to the ground when it is in a downward spiral. However, cryptocurrencies like Moon River (MOVR) and Bitcoin Cash (BCH) seem to do poorly when the market falls, and when there is a strong bullish trend, they are among the last to pick up the momentum. Then, there are cryptocurrencies like Snowfall Protocol (SNW) that do surprisingly well in a lousy market and do even better when the market enters a boom cycle.
Moonriver (MOVR)
Launched by Moonbeam, Moonriver (MOVR) is the token of the smart contract platform Moonriver (MOVR) Network. It was built to create a platform compatible with Ethereum (ETH) for executing smart contracts. So, the Moonriver (MOVR) holder can administer and govern the Moonriver (MOVR) network. Moonriver (MOVR) offers a limited 10 million tokens. Out of the total 10 million Moonriver (MOVR) tokens, more than 5.5 million are in circulation.
At its peak, the Moonriver (MOVR) price reached $495.71. However, the all-time high was short-lived. As investors dumped the coin, its value toppled to 97.87%. After the fall, Moonriver (MOVR) settled around the $10 price point. With nothing exciting happening with the coin, it is safe to assume that Moonriver’s price won’t see an uptick any time soon, even if the market picks up.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) shares a lot of features with Bitcoin (BTC). It follows the original 2008 paper by Satoshi Nakamoto. There are a total of 21 million Bitcoin Cash (BCH) coins. Bitcoin Cash (BCH) is decentralized, transparent, immutable, and open to anyone. Bitcoin Cash (BCH) also prides itself in charging a low transaction fee. For this reason, its developers also tout it as the next alternate payment system like Bitcoin (BTC).
However, this is where the similarities end. Eventually, it’s Bitcoin Cash (BCH) and not Bitcoin (BTC). While it does not grow like Bitcoin (BTC), Bitcoin Cash (BCH) has certainly learned how to crash like Bitcoin (BTC). In October 2022, Bitcoin Cash (BCH) fell from a high of $4000 to a measly $107. Given that Bitcoin Cash (BCH) does not offer much differentiation from other cryptocurrencies, it is highly unlikely that it will soar again. Even if it does, it will take at least another 2 to 3 years to do so.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) has been developed to solve a problem the entire crypto community faces. Snowfall Protocol (SNW) allows users to transfer assets across different blockchains. It will make transactions so much more convenient and straightforward. No wonder, Snowfall Protocol (SNW) has ignited much interest in the crypto universe.
Snowfall Protocol (SNW) entered the crypto market in a bad year. Even then, it was able to create incredible value for its early investors. Snowfall Protocol (SNW) has added more blockchains to its multichain bridge each month. As the word spread, Snowfall Protocol (SNW) closed its Stage 2 a day early. As stage 3 starts, Snowfall Protocol (SNW) is priced at $0.075 – an impressive increase of 250% from its Stage 2 value.
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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