Cardano (ADA) and Ripple (XRP) – High Hopes But Diminishing Returns
Released in 2012, XRP (also known as Ripple) made waves in the financial markets as it came carrying the high hopes and promises of something the traditional banking system was woefully unprepared for: fast – near-instant – cross-border payments.
This was set up to shake up the financial world, but over a decade later, there has yet to be widespread adoption of the technology. Crypto pundits who punted Ripple (XRP) as the next big thing have broken up with it. The high hopes and promises of Ripple (XRP) turned out to be so much hot air.
And now, in 2023, the use case for Ripple (XRP) has all but disappeared, and while it saw a spike in the 2021 bull run, the price is yet to catch up and keep pace with other altcoins in the cryptoverse.
Likewise, Cardano (ADA) also exploded on the scene with much fanfare and great expectation. However, Cardano (ADA) failed to deliver and has shed 88% of its value from its all-time high, losing more value than many other coins in the same bear cycle, losing 20% more value than Bitcoin (BTC) in the same cycle.
We all understand the market is cyclical, and the experienced crypto investor knows that you do not deserve the dizzying highs if you cannot stomach the plummeting lows. But there are cycles, and then there’s a loss of confidence. The market is raising its head, but Ripple (XRP) and Cardano (ADA) are stalling.
Not All Tokens Are Languishing like Cardano (ADA) and Ripple (XRP)
Even considering the current situation with Cardano (ADA) and Ripple (XRP), fortunately, it’s not all nay-say and gloom in the crypto market. There is most certainly a bull market awakening. The best time to invest in crypto was yesterday. The second-best time is now.
The market has matured, there is more understanding, and both the seasoned investor and the greenhorn have a better grasp of how the cryptoverse fits together. The resurgent bull market combined with a more mature market is bringing forth more opportunities for blockchain technology and, thus, better investment opportunities than Cardano (ADA) represents.
One such opportunity is Snowfall Protocol (SNW). Snowfall Protocol (SNW) is a new cross-chain transfer ecosystem that enables the trading of traditional crypto assets and NFTs on EVM (Ethereum Virtual Machine) and non-EVM platforms. This is a much-anticipated solution for the cryptoverse, and the savvy investor is aware of it.
With its unique product offering and rock-solid tokenomics, Snowfall Protocol (SNW) is beating the slump of older coins like Cardano (ADA) and already making appreciable returns for early adopters.
Snowfall Protocol (SNW) 3rd-Phase Presale Is Now On!
While not available on the open market yet, Snowfall Protocol (SNW) is available to the public during their third (and final) phase presale. SNW tokens — the Snowfall Protocol governance token — are available until 3rd feb 2023 at a never to be repeated price of $0.020 and are promising a bright and rewarding future ahead.
The seasoned crypto investor will know that a ridiculously low price now can supply dizzying profits later, and occasionally a new coin on the block is here to stay – just ask Solana (SOL), Dogecoin (Doge), and Fantom (FTM) – one all low-cap altcoins, now vying for top-5 spots on the market-cap charts. Even if Cardano (ADA) and Ripple (XRP) are out for the moment, they may rise in the future as well.
The savvy crypto investor will know that opportunity seldom knocks twice, and investing in Snowfall Protocol (SNW) would be a wise addition to any crypto portfolio. Get some Snowfall Protocol (SNW) tokens for your portfolio today
For more information on Snowfall Protocol (SNW) and its workings, see their whitepaper, or follow them on Twitter and Telegram.
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