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The crypto market has been on an upward trajectory since the start of 2023. While this is good news for crypto investors, they should exercise caution. Just because a coin is doing well today does not translate into good returns later. Here are the top three performing currencies for today: Solana, Aptos, and Snowfall Protocol (SNW). But, what kind of short-term returns can you expect from them? Let’s find out.
Solana (SOL) was on a bull run
Solana has been one of the best performing coins since the start of 2023. In January alone, the coin grew by more than 100%. However, as the market fell slightly, Solana started on a downward trajectory.
Many crypto experts believe that Solana is not a stable asset to invest in right now. He is still in the shadow of the FTX crash. Solana derived some of its value from the interest of Sam Bankman-Fried, founder and CEO of FTX. In fact, FTX’s balance sheet also carried millions of dollars from Solana. He spared no effort to promote Solana and oppose it as a competitor to Ethereum. Sam Bankman-Fried co-founded Alameda Research, which was Solana’s largest funder. Solana’s big exposure saw its price fall from the sky when FTX filed for bankruptcy.
Experts believe that Solanas price could enter another free fall after the bull run it has recently experienced ends.
Whales Pump Aptos (APT)
Aptos is developed by former Meta employees. It was designed to support dApps and NFTs. Over the past few weeks, Aptos has seen a price increase of 250%. However, Twitter has been abuzz with skepticism over Aptos’ recent price increase.
Some analysts attributed Aptos’ price hike to its newfound popularity in Asia. However, analysts believe that the rally in Aptos’ price is the result of market manipulation. Many VC-funded coins have seen their price spike due to pumping. Aptos is also heavily funded by VC. It is therefore highly likely that the price pump is due to whales artificially driving up the price of coins.
Full Potential Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is the latest interoperability project on the market. It has created a lot of positive feelings among crypto investors with its strong use case and clear vision. Snowfall Protocol (SNW) conducted a successful pre-sale during the height of the crypto winter. He didn’t just survive; it has provided a high return on investment to its investors. It repeated the success story at subsequent Stage 2 and Stage 3 sales events. Demand for the Snowfall Protocol (SNW) was high from day one of the presale and continues to be.
Experts predict that Snowfall Protocol (SNW) will continue to create more gains for its investors in the range of 1000% in the weeks following its launch in February. Its developers have already released a prototype dApp, and the coin is generating staking earnings for its existing investors. So, Snowfall Protocol (SNW) is here to stay with a strong community supporting it.
Presale: https://presale.snowfallprotocol.ioWebsite: https://snowfallprotocol.ioTelegram: https://t.me/snowfallcoinTwitter: https://twitter.com/snowfallcoin
Disclaimer: This is a paid version. The statements, views, and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in this content. Do your research and invest at your own risk.
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