Top Solana NFT Pools Migrate to Polygon, Snowfall Protocol Sells 200 Million+ Tokens in 2 Months

The crypto market is an exciting place to be right now. With so many new projects and coins coming out, it can be difficult to decide which one to invest in. In this article, we’re going to talk about the latest developments of some of the most famous cryptocurrencies on the market today: Snowfall Protocol ( SNW), Cardano (ADA) and Polygon (MATIC).

Cardano (ADA) sharks buy up 11% of total supply

Over the past two months, Cardano (ADA) sharks have started to be active again. As of early November, these Cardano (ADA) wallets have accumulated hundreds of millions of dollars worth of tokens. As of early November, these wallets held approximately 10.5% of the entire Cardano (ADA) supply. In contrast, after purchasing an additional 330 million Cardano (ADA) tokens for a total of $83,000,000, the percentage is currently 11.60%, almost 6 weeks later.

The large increase in shark buying will have possible long-term effects on the value of the digital asset. The value of Cardano (ADA) is likely to rise as a result of such a large influx of investment. Although the shark move was intended to reverse the downward trend that Cardano (ADA) has been experiencing, the current market conditions have prevented the same. Over the past 30 days, Cardano’s (ADA) value has fallen 18%, to $0.26.

Solana NFT Collections Shifting to Polygon (MATIC) Soon

Both y00ts and DeGods, the two largest NFT pools on Solana, have stated their intention to move to other blockchains such as Ethereum (ETH) and Polygon (MATIC) in 2023. Thus, Ethereum and its Layer-2 solution, Polygon (MATIC ), is set to be the next stop for digital art collections. Ethereum was never questioned, but allegations quickly spread that Polygon (MATIC) had offered financial incentives to encourage projects to move to the platform.

Solana Labs’ co-founder accepted this incident in stride, commenting on claims that Polygon (MATIC) funded the projects, and DeGod’s founder has not refuted it either. Many in the crypto community now believe that the NFT collection will not be moved to Polygon (MATIC) because of the benefits it provides, but rather because of the price paid.

Polygon (MATIC), as a cryptocurrency, has struggled in 2022. The price of Polygon (MATIC) has dropped from $1.60 a year ago to today’s price of $0.81, a loss of about 70%.

Snowfall Protocol (SNW) preferred by millions of crypto lovers

With its latest meteoric rise in price, Snowfall Protocol (SNW) has caught the eyes of many eager buyers. Snowfall Protocol (SNW) is the first platform to enable fungible and non-fungible token exchange across multiple blockchains without the need for third-party intermediaries.

Snowfall Protocol (SNW) will soon release its dApp, which will allow users to trade assets across multiple EVM-compatible and non-EVM-compatible blockchains. By return on investment, the Snowfall Protocol (SNW) token ranks among the best in the DeFi market. Since the early presale stages, the popularity of Snowfall Protocol (SNW) has grown tremendously, leading to the sale of over 200 million tokens in just two months.

Due to Snowfall Protocol (SNW) unique features and application, the price has increased by more than 400%. By its launch in January 2023, some analysts predict that the price of Snowfall Protocol (SNW) will have increased by 5,000%. Leading market analysts predict that Snowfall Protocol (SNW) will be the next 1000x token and will completely turn around the current situation of the crypto market. At the time of writing, the price of Snowfall Protocol (SNW) is $0.14, but it is expected to increase dramatically in the near future.

Get in while you can and invest in Snowfall Protocol (SNW) today!!!