As December’s first week has ended on the rise but things seem pretty tricky for Cardano and Polygon.
High-volume cryptocurrencies like Cardano (ADA) and Polygon (MATIC) continue to struggle even in the third quarter of the financial year 2022 as their prices have declined to further low.
As of this writing, Cardano (ADA) and Polygon (Matic) both have declined to the two years low.
By the end of today’s trading hours, the price of Cardano was $0.32, and Polygon was trading at around $0.91, this accounts for _1.15% decline in the price of Polygon.
Experts do believe that the current slump in prices indicates that the currencies are still possessed by the general bearish trend running in the industry.
Even though the majority of the cryptocurrencies were bullish today and they experience price hikes.
Surprisingly, a new cryptocurrency token Snowfall protocol has bypassed the market’s bearish trend and shown promising signs of growth.
The new cryptocurrency protocol also announced that it will give 100% bonuses to those who will invest in Snowfall cryptocurrency.
Exploring Cardano and It Recent Troubles
Cardano is basically (a POS) blockchain platform that has recently integrated smart coins into its platform.
Following this move, Cardano has no other option but to adopt strict regulations to remain competitive in the marketplace by neutralizing its risks.
Before the integration of smart contracts, Cardano (ADA) was simply like a POS-based Bitcoin exchange that used to offer reward spins.
Following this move, some of the most seasoned investors have straight away abandoned the Cardano blockchain.
The investors argued that in the presence of Binance, Ethereum and Solana there is no need for us to use another POS blockchain.
The thing investors dislike the most about Cardano (ADA) is the five-day wait. Investors have openly criticized that we have to wait for 5 days at least before pulling our rewards from the Cardano exchange.
Moreover, Cardano users are also forced to adopt the old method for establishing a hashing network server.
Investors do believe that all these limitations are the reason that Cardano (ADA) cryptocurrency remains heavily bearish all the time.
On the other hand, Snowfall offers more cutting-edge solutions to investors.
Exploring Polygon (MATIC) Working
Polygon Matic is another cryptocurrency that is highly complex in terms of its operations. That is the sole reason that Polygon (Matic) is constantly coping with a bearish trend.
Polygon is solely a scaling platform. Its primary focus is making cross-chain scale implementations more feasible and systematic.
Apart from its complex working ethics, investors dislike Polygon (Matic) because it charges pretty high service fees and its speed is limited when it comes to solving Ethereum issues.
Since Ethereum launched Ethereum 2.0, Polygon has become heavily irrelevant.
The complex operational paradigm of Polygon and Solana is the reason that investors have put their faith in Snowfall and Snowfall caused this by offering a 100% bonus.
Snowfall Protocol to Offer 100% Yields
Snowfall is the first crypto entity that is working on the development of a multi-chain, multi-token system.
This will make it easy for people to exchange their non-fungible tokens. In case Snowfall protocol manages to develop such protocol it will not make operations easy for users, but also provide a standard code of conduct for web3 users.
Following this, news Snowfall has been the most searched crypto protocol over the past several weeks.
Moreover, Snowfall’s native crypto token SNW has been running highly bullish.
Many analysts are voicing that SNW will soon have a 5000X bullish run, from its initial price. Hence Snowfall announced that all those investors who will buy SNW crypto tokens will receive 100% yields.
Experts made it clear that the fall of FTX has made it clear that all the crypto tokens and crypto exchanges that have weak fundamentals and complex operations will continue to struggle.
That’s why Cardano (ADA) and Polygon (MATIC) are struggling.