Cryptocurrencies have seen a lot of growth in the last few years and are still growing in popularity. There are a number of different cryptocurrencies available on the market, but which one is the best investment for you? In this article, we will take a look at the current updates of Litecoin (LTC), Ripple (XRP), and Snowfall Protocol (SNW) and how they are performing in the crypto market.
Ripple (XRP) delisted from several exchanges after SEC lawsuit
The Securities and Exchange Commission (SEC) launched a lawsuit against Ripple (XRP) for the sale of unregistered securities, asserting that XRP is a security rather than a commodity. Additionally, the SEC alleged that the blockchain firm, Ripple (XRP), had fraudulently raised $1.8 billion through the sale of cryptocurrency. Recently, a judge ruled in favor of Ripple (XRP), protecting the privacy of third parties and the confidentiality of the remittance network’s commercial interests. Ripple’s (XRP) lawsuit has been closely watched by the entire crypto community and despite positive updates, the token has seen price declines. The current price of Ripple (XRP) is $0.35, and it has declined over 11% in the previous month. Though declines aren’t only because of the lawsuit, but it is a major factor determining Ripple’s (XRP) current status. Ripple (XRP) has been delisted from several major exchanges like Coinbase because of the SEC’s allegation.
500,000 Litecoin (LTC) tokens transferred to Binance
At the start of December, the Litecoin (LTC) network saw a significant influx or outflow of tokens, as evidenced by statistics from the cryptocurrency transaction tracking service, Whale Alert. There was a transfer of 1,300,940 Litecoin (LTC) from various wallets on the blockchain, with a total market value of almost $97.4 million. Furthermore, the $37.4 million transfer of half a million Litecoin (LTC) tokens to Binance is the most relevant coin movement here. This transaction constituted an influx of Litecoin (LTC) tokens into the exchange since the tokens were moved from a personal wallet. Such an inflow might have adverse repercussions on Litecoin (LTC) in the near future, because one of the key reasons investors deposit coins to such platforms is to sell them, which would increase selling pressure. Litecoin (LTC) seems to be going up in price at the moment, but if one looks at the monthly charts, it has dropped over 11% so far. Only time will tell if Litecoin (LTC) will sustain its price growth but with the approaching sell-off, it is more likely to fall.
Snowfall Protocol (SNW) to grow by 5000% by the time it launches
As the first cross-chain communication protocol, Snowfall Protocol (SNW) makes it possible to move both fungible and non-fungible assets between blockchains, regardless of whether or not they’re compatible with EVM. When the network is launched in January 2023, it will be accompanied by Snowfall Protocol’s (SNW) dApp, a safe and user-friendly platform for exchanging assets. The team has also shown their telegram community a prototype ofSnowfall Protocol (SNW) dApp, and has gained several positive reviews so far. Despite being a new entrant in the cryptocurrency market, Snowfall Protocol (SNW) has already become a top choice for investors. Snowfall Protocol (SNW) is currently in the final round of presale. The previous two phases have been extremely successful, with price gains of over 400%. Additionally, $3 million were raised in Snowfall Protocol’s (SNW) first two rounds after selling almost 200 million tokens. The current price of Snowfall Protocol (SNW), which is $0.14, is 400% higher than that of the first phase. The consistent increase in price ofSnowfall Protocol (SNW) has made the crypto community believe that it will soon rise further.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!