Aptos (APT) And Lido DAO (LDO) have been part of the crypto markets for several years. With the macroeconomic climate in the crypto space improving, Aptos and Lido Dao have been experiencing a surge in search volumes. However, Snowfall Protocol (SNW), a token yet to be launched, has left its predecessors behind in search volume. Let’s see what Snowfall Protocol (SNW) is doing to achieve such an incredible milestone.
Aptos has surged in value over the last month. The controversial cryptocurrency has been dropping since last week but remains in the limelight. Most crypto analysts believe that the mighty bull run of Aptos has come to an end. In fact, whale investors cashed out over $7 million worth of Aptos in a single day. That is not good news for the rest of the Aptos users.
It also does not help Aptos that its NFT page has to tackle a copycat page that claims to airdrop NFTs regularly. The NFT trading activity on the Aptos blockchain has been raising many questions. The ambiguity has also caused panic among investors, who are cashing out.
No wonder the price of Aptos coin is going down. And there does not seem to be an upside in sight.
A couple of strategically placed Lido Dao transactions by Jump Trading have caused investors to debate its intention.
Jump Trading uses sophisticated software for crypto trading. This firm initiated a substantial transfer of the Lido Dao tokens that caused a 10% drop in its price. Shortly after the first trade, a second transfer was made by Jump Trading again, which led to a further 5% drop in the price of Lido Dao.
Market analysts have now turned their focus to Lido Dao. They suspect that Jump Trading is offloading the Lido Dao tokens. The trading firm may be expecting a drop in the price of the Lido Dao, which may be driving them to sell off the tokens.
The investors of Lido Dao are also looking for better opportunities to transfer their capital and realize better growth.
Snowfall Protocol (SNW) started its journey with one of the most successful presale sessions of 2022. Following that, the crypto has been garnering interest within the crypto community. Its interoperability use case seems to have struck a chord with the investors. They have faith in the token, and that has been pushing up the prices of Snowfall Protocol (SNW).
Snowfall Protocol (SNW) has picked up more steam in the weeks leading up to its launch. The value of the Snowfall Protocol’s native token SNW has increased by almost 300%. Apart from this, experts predict that Snowfall Protocol (SNW)’s price will easily see an upside of 1000% in the week following its launch.
No wonder the search volumes for Snowfall Protocol (SNW) have been off the roof. Snowfall Protocol (SNW) has left Aptos and Lido Dao behind this week in search volumes. The uptrend for Snowfall Protocol (SNW) will continue to gain popularity and traction with time.
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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