Apecoin Continues to Plummet, The Sandbox Sells Metaverse Real-Estate While Snow...

From Apecoin (APE) plummeting in value to the Sandbox (SAND) holding successful sale for its virtual real estate, the crypto sphere has been a busy place this last few weeks of the year.

In this post we will dig deeper into Apecoin’s (APE) decline, the sandbox’s recent success, and why Snowfall Protocol (SNW) is still the best option for investors as we enter 2023.

Let’s jump in.

Apecoin (APE) Is On the Decline

The Apecoin (APE) foundation recently opened its staking platform for Ape investors. Apecoin (APE) investors were quick to respond to the opening, staking over$30 million of Apecoin (APE) in the few hours after the opening was announced.

Investors can stake their Apecoin (APE) at Apestake.io, in exchange for rewards,$96.2 million Apecoin’s (APE), worth about $391 have been set aside as rewards for investors who stake their coins.

In March 2020, Apecoin (APE), which is the native cryptocurrency of Yuga labs, was airdropped to holders of Mutant Ape Yacht Club and Bored Ape Yacht Club NFTs.

Unfortunately, despite the excitement surrounding the launch of the staking platform, Apecoin (APE) has not appreciated. In fact, Apecoin (APE) has shown double-digit losses in the last few weeks. In the week leading up to December 17 alone, Apecoin (APE) dropped by a whopping 18%.

When compared to its all-time high recorded in April 2022, Apecoin (APE) has dropped a total of 86.8% in value. Apecoin (APE) is currently trading at around $3.5.

SandBox (SNAD) Sells $1.66 Million Worth of Metaverse Real Estate

Sandbox (SAND) has sold real estate across the map of its metaverse in the past few weeks. The virtual land sold is valued at more than $1.66 million, which is quite an impressive figure considering that we are still in the deep of the crypto winter.

Investors who purchased land on the metaverse can start the development of their games and other virtual attractions.

The plots of land on Sandbox’s (SAND) metaverse exist alongside branded experiences, which suggests that buyers believe that virtual property is worth more if it is next to something cool.

Selling off virtual real estate has led to a significant increase in the value of Sandbox (SAND), as the market capitalization of the platform has increased to $641 million. This increase has been especially shocking since Sandbox (SAND) has always been criticized for being an empty metaverse due to its low number of users.

Snowfall Protocol (SNW) Increases by 250%

Snowfall Protocol (SNW) is the leading cross-chain platform in the market. Snowfall Protocol (SNW) identified a gap in the blockchain sector caused by the lack of communication between the different blockchains. To solve this pressing problem. Snowfall Protocol (SNW) developed a platform that would facilitate the transfer of data from one blockchain to another.

Now, Snowfall Protocol (SNW) is not the first cross-chain platform on the blockchain. However, Snowfall Protocol (SNW) has developed a solution that allows the transfer of data between most of the well-known blockchains, whether or not they are compatible with the Ethereum Virtual Machine.

Snowfall Protocol (SNW) also allows the transfer of both fungible and non-fungible tokens through its NFT bridge.

SNW, the native token of the Snowfall Protocol ecosystem has been causing waves in the market for weeks now. Investors have been quick to jump on the Snowfall Protocol (SNW) bandwagon purchasing more than 3 million Snowfall Protocol (SNW) tokens and causing the token’s value to rise by more than 250% even before the end of the presale.

Snowfall Protocol (SNW) investors can look forward to a happy year ahead as crypto experts predict brighter days ahead for the Snowfall Protocol (SNW) platform. However, investors who want to experience the most gains from Snowfall Protocol (SNW) have only a limited time left to act as there are very few tokens remaining and the presale is coming to a close.

Check out Snowfall Protocol (SNW) presale details in the following links

presale:

https://presale.snowfallprotocol.io

Website:

https://snowfallprotocol.io

telegram:

https://t.me/snowfallcoin

Twitter:

https://twitter.com/snowfallcoin

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