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The recent implosion of the FTX exchange has brought to light the vulnerabilities of centralized cryptocurrency exchanges. Crypto die-hards have always argued that centralized exchanges are subject to human manipulation.

The FTX episode proved them right. As users now seek safer exchanges, decentralized platforms have emerged as direct winners from the FTX collapse. One such exchange is Uniswap (UNI), which has seen an increase in Ethereum (ETH) transactions.

After burning through cash in the crypto market crashes this year, investors are also looking to new assets for stable gains. While the Quant (QNT) token seems to be attracting some users, there is also a new project, Snowfall Protocol (SNW), which is rapidly gaining investor confidence. This article examines the performance of Uniswap (UNI) and Quant (QNT) and explains why the Snowfall Protocol (SNW) can grow faster than them.

Quant (QNT) is gaining strength

Quant (QNT) is a blockchain-based platform that connects blockchains without compromising network efficiency and interoperability. Quant (QNT) was the first project to try to solve the problem of interoperability of different networks by creating a blockchain operating system.

In terms of price, Quant (QNT) has had a fair share of bullish moves over the past two quarters. After falling to $46 in June, Quant (QNT) surged to $128 in August. The price of the Quant (QNT) token then fell to around $90 in September. However, between September and October, the Quant (QNT) price jumped around 131% to above $208 before starting to correct again.

During the recent stock market crash, triggered by the collapse of FTX, Quant (QNT) fell to $102. However, at the time of writing, Quant (QNT) was on an upward curve again, trading at around $119, according to data from CoinMarketCap.

Uniswap (UNI) wins after FTX collapse

Uniswap (UNI) is one of the most popular DeFi exchanges for crypto tokens. UniSwap (UNI) has benefited from the collapse of FTX, as a large number of crypto users are moving to decentralized exchanges for the safety of their tradable crypto assets.

Less than a week after FTX collapsed, Uniswap (UNI) overtook Coinbase as one of the most popular crypto exchanges for trading Ethereum (ETH). Uniswap (UNI) is now second only to Binance in Ethereum (ETH) trading.

The Uniswap (UNI) token has not shown as much strength as Quant (QNT) this year, in terms of price. Uniswap (UNI) is currently trading around $6, down more than 86% from the all-time high of $44.92 on May 3, 2021. But following recent gains, following the collapse of FTX, the Uniswap (UNI) token is in a strong position to rise further in the coming weeks as stability is expected to return to the crypto markets soon.

Snowfall Protocol (SNW) attracts investors

While Uniswap (UNI) is limited to cryptocurrencies only, Snowfall Protocol (SNW) takes the transfer of digital assets to another level. Snowfall Protocol (SNW) is the first cross-chain transfer platform that enables seamless transfer of fungible and non-fungible tokens. Thus, users can perform cross-chain transfers of cryptocurrencies as well as NFTs using the Snowfall Protocol (SNW) platform.

The Snowfall Protocol (SNW) offers an optimal solution for multi-chain communication between blockchains. Currently, Snowfall Protocol (SNW) offers features such as stablecoin bridge, NFT bridge, and staking.

The Snowfall Protocol (SNW) is the native token of the Snowfall Protocol (SNW). Currently in the first presale phase, the price of the Snowfall Protocol (SNW) token has increased by 5000% to $0.030. As the unique characteristics of Snowfall Protocol are attracting investors, analysts expect the Snowfall Protocol (SNW) token to soon become a 1000x crypto asset.

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