Terra Classic’s (LUNC) price boost is attributed to Binance Airdrops, but the long-term outlook remains uncertain

While it is impressive for any cryptocurrency to outperform the top 100 assets by market capitalization, it is worth noting that many of these top 100 assets are currently experiencing losses. Thus, Terra Classic’s (LUNC) recent rise in value may not be as impressive as it appears. Additionally, the rise in Terra Classic’s (LUNC) value is largely attributed to Binance's announcement of the second round of LUNA airdrops to eligible users. This type of price movement, driven by news and announcements rather than underlying fundamental value, can be unsustainable in the long run. Furthermore, Terra Classic (LUNC) has faced its fair share of struggles in the past. The collapse of the Terra ecosystem in May led to the rebranding of the old Terra chain as Terra Classic (LUNC) and the introduction of tokens LUNC and USTC. The subsequent proposal of a new LUNA token airdrop by Terra Rebirth may have provided some temporary relief for affected users, but it remains to be seen if Terra Classic (LUNC) can sustain its current performance in the long term.

Shiba Inu (SHIB) struggles with price drops despite burn rate increase

Shiba Inu (SHIB) has also been making waves in the crypto community recently, but for a different reason. The burn rate of Shiba Inu (SHIB) has spiked significantly, with the Shibburn tracker website recording a jump of over 642% in the past day alone. A total of 28,191,662 SHIB have been burned so far, with 24,091,662 SHIB transferred to a dead-end wallet in a single transfer. While the burn rate of Shiba Inu (SHIB) has certainly caught the attention of many, Shiba Inu (SHIB) has also faced its fair share of struggles and price drops. In fact, the equivalent value of the overall amount burned so far is just a little over $233. The all-time high of Shiba Inu (SHIB) is $0.000032, and it is currently trading at $0.000008. It is unclear if Shiba Inu (SHIB) will be able to recover and maintain its value in the long term.

Snowfall Protocol (SNW) sees an impressive price increase ahead of the official launch

The crypto community has been buzzing with excitement over the impressive performance of Snowfall Protocol (SNW) in recent weeks. Since the first round of token sales began, the price of SNW has soared from $0.005 to $0.14 today, a clear sign of market acceptance and investor confidence. One of the main reasons for the Snowfall Protocol (SNW) success is its unique interoperability model, which allows it to seamlessly connect with various blockchain platforms. This has clearly struck a chord with investors, as the second round of SNW token sales sold out a day early following the release of the dApp prototype. The round also closed at an impressive $3 million raise. But Snowfall Protocol's (SNW) strong performance hasn't stopped there. The third round of token sales has continued to impress, with the official launch of SNW set for January at a price of $0.2 if all tokens sell out – a likely scenario given the current level of demand. It's no surprise that the crypto world is keeping a close eye on Snowfall Protocol (SNW), and with such a promising start, it will be interesting to see how Snowfall Protocol (SNW) continues to perform in the future.

Conclusion

Overall, it is important to carefully consider the performance and underlying fundamentals of any cryptocurrency asset before making an investment. While Terra Classic (LUNC) and Shiba Inu (SHIB) have both faced challenges, Snowfall Protocol (SNW) has demonstrated strong performance and stability recently. Thus, if you are looking to reduce your holding in Terra Classic (LUNC) and Shiba Inu (SHIB), Snowfall Protocol (SNW) is a great option for long term growth.

Get in while you can and invest in Snowfall Protocol (SNW) today!!!

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