The crypto market has been on an upward trajectory since early 2023. While this is good news for crypto investors, they should tread carefully. Just because a coin is trading well today does not mean big returns later. These are the three top performing currencies for today: Solana, Aptos and Snowfall Protocol (SNW). But what short-term returns can you expect from them? Let’s see.
Solana (SOL) was at the Bull Run
Solana is one of the best performing coins since the beginning of 2023. In January alone, the coin recorded a growth of more than 100%. However, as the market fell slightly, Solana began a downward trajectory.
Many crypto experts believe that Solana is not a stable investment asset at the moment. It is still in the shadow of the FTX decline. Solana acquired part of its value from the interest of Sam Bankman-Fried, the founder and CEO of FTX. In fact, the FTX balance sheet also carried millions of Solana dollars. He left no stone unturned to promote Solana and set it up as a competitor to Ethereum. Sam Bankman-Fried co-founded Alameda Research, which was Solana’s biggest backer. Because of Solana’s high exposure, its price fell from the sky when FTX declared bankruptcy.
Experts believe that Solana’s price could fall again after it ends the bullish streak it experienced recently.
Whales pump Aptos (APT)
Aptos was developed by former employees of Meta. It is built to support dApps and NFTs. In the last few weeks, Aptos has experienced a 250% price increase. However, Twitter was full of skepticism about Aptos’ recent price hike.
Some analysts attributed Aptos’ price jump to its newfound popularity in Asia. However, analysts believe that the Aptos price increase is the result of market manipulation. Many VC funded coins have seen their price jump due to pumping. Aptos is also heavily VC funded. So, it is very likely that the pump price is caused by whales artificially driving up the price of the coin.
The full potential of the Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is the latest interoperability project on the market. It has created a lot of positive sentiment among crypto investors with its strong use case and clear vision. Snowfall Protocol (SNW) conducted a successful presale at the height of crypto winter. It didn’t just survive; it has ensured a high return on investment for its investors. He repeated the success story in the subsequent Phase 2 and Phase 3 sales events. Demand for Snowfall Protocol (SNW) was strong from Day 1 of the pre-sale and continues to be so.
Experts predict that Snowfall Protocol (SNW) will continue to generate more profits for its investors in the 1000% order in the weeks following the February launch. Its developers have already released a dApp prototypeand the coin is generating profit from stakes for its existing investors. So Snowfall Protocol (SNW) is here to stay with a strong community that supports it.
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