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Finding Hope in the Bear Market with Snowfall Protocol (SNW), Tron (TRX), and Avalanche (AVAX)

By Anuj Cariappa
|
Google Oneindia News

Investors are fidgety; crypto exchanges are going bankrupt; cryptos are charting new lows every week. Welcome to the crypto winter. And, from the looks of it, it will last longer than the actual winter. However, that doesn't mean everyone loses money. In fact, a class of investors makes their fortune in bear markets. They either bet on the market's continued to decline by shorting or finding some star performers that will defy the larger trends. While shorting is fraught with huge risks, we bring you some cryptos that are likely to deliver huge returns in a matter of months.

Finding Hope in the Bear Market with Snowfall Protocol (SNW), Tron (TRX), and Avalanche (AVAX)

Tron (TRX) is Bucked the Trend for a Year
Tron (TRX) is the crypto universe's answer to millions of content creators' prayers. Tron decentralizes content distribution and wrests control from platforms like YouTube, Spotify, Steam (video games), and others. These content platforms have long dictated the rules of engagement for users and content creators, while taking the lion's share of revenue generated by content creators. Tron changes everything. Tron makes it possible for content creators to create dApps on the platform and launch their own content service - web series, standup specials, music, and more. Users can enjoy their favorite content creators' work and reward them with Tron's native token TRX. The best part? Tron is free for creators to host their content. Tron is so revolutionary that even videogaming companies can put their games on this platform.

Tron is now being used as collateral to bolster a stablecoin, USDD, from the crypto's founder. The move is fraught with risks because the stablecoin borrows its tech heavily from Terra, another stablecoin that went belly up this year. However, allying all fears, Tron has performed beyond all expectations. While other tokens have lost over 90% of their value this year, Tron has lost only about 50%, and is showing signs of sharp recovery.

Avalanche (AVAX)
Avalanche (AVAX) is one of the most ambitious crypto projects in the market. Avalanche was built to overcome the bottlenecks and other limitations of Ethereum. While transactions often take several minutes or even hours on Ethereum, Avalanche executes them in seconds. In fact, Avalanche processes over 6,500 transactions per second. Although upgrades to Ethereum and the launch of faster cryptos are together exerting pressure on Avalanche, it has proven itself to be a time-tested project. Even Coinbase recently started USDC trading on Avalanche. That tells you everything you need to know about how much trust the industry puts in Avalanche.

Avalanche is highly versatile and offers numerous use cases, including debt financing, document tracking, and digital identity management. Despite its robust foundation, Avalanche is currently trading at a huge discount. Therefore, we expect it to grow by at least 400% by mid-2023.

Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is being hailed as the biggest gainer of 2023. Snowfall Protocol (SNW) is the interoperability bridge that intends to connect multiple blockchains together, enabling users to move their funds and assets from one blockchain to another. The applications of Snowfall Protocol (SNW) are massive. Users would be able to move their NFTs from one platform to another. Content creators on Tron would be able to allow gamers to enjoy their content on Decentraland. The possibilities are endless.

Owing to its enormous potential, Snowfall Protocol (SNW) is selling at an unprecedented rate. Its presale and stage 2 sale have already raised over $3 million in funding. The ongoing stage 3 has witnessed the Snowfall Protocol (SNW) token grow by 250% in value. So, it's hardly surprising that analysts are projecting a 5,000% growth for Snowfall Protocol (SNW) in the coming months.

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