Can Snowfall Protocol rise faster than Uniswap and Quant?
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The recent implosion in FTX exchange has put the spotlight on the vulnerabilities of centralized cryptocurrency exchanges. Hardcore crypto believers have always argued that centralized exchanges are subject to human manipulations.
The FTX episode has proven them right. As users are now looking for safer exchanges, decentralized platforms have emerged as direct gainers of the FTX collapse. One such exchange is Uniswap (UNI), which has seen a surge in Ethereum (ETH) transactions.
After burning money in crypto market crashes this year, investors are also looking for new assets for stable gains. While Quant (QNT) token seems to be attracting some users, there is also a new project, Snowfall Protocol (SNW), which is quickly gaining investors' trust. This article takes a look at how Uniswap (UNI) and Quant (QNT) are performing and why Snowfall Protocol (SNW) can rise faster than them.
Quant (QNT) is a blockchain-based platform connecting blockchains without compromising on efficiency and interoperability of the networks. Quant (QNT) was the first project that tried to solve the interoperability problem of different networks by creating a blockchain operating system.
In terms of price, Quant (QNT) has had a fair share of bullish movements in the last two quarters. After falling to $46 in June, Quant (QNT) jumped to $128 in August. Quant (QNT) token price then fell to around $90 in September. However, between September and October, Quant (QNT) price jumped around 131% to above $208 before it started correcting again.
During the recent market crash, triggered by the FTX collapse, Quant (QNT) fell to $102. However, at the time of
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