Place/Date: – December 30th, 2022 at 4:57 am UTC · 3 min read
Source: Snowfall Protocol
Being constantly developing in the crypto market goes hand-in-hand with being at the forefront of innovation. In this day and age, it is essential to stay ahead of the competition if you want to be successful.
That’s where Snowfall Protocol (SNW) comes in. This platform offers a better experience than Solana (SOL) and Cardano (ADA). So what makes Snowfall Protocol (SNW) so special? Read ahead to find out.
Cardano (ADA) to Expand to Web3
Cardano’s (ADA) community is keen to join the Web3 movement as improvements in this area have been happening quickly. Thus, Cardano (ADA) is making strategic buys in the Web3 ecosystem: to increase its presence. EMURGO, Cardano’s (ADA) commercial arm, has made investments in OAK Network and SubQuery protocol to broaden the blockchain company’s presence in the Web3 ecosystem. The business claims that the OAK Network Web3 solution can make the Cardano (ADA) blockchain more efficient. The automation and interoperability of the OAK Network also have the potential to increase productivity on the Cardano (ADA) network. The Cardano (ADA) blockchain development team has been diligently working to improve network efficiency in a number of areas where it currently falls short. However, despite the positive attention the cryptocurrency has been getting, the price of Cardano (ADA) dropped significantly in December. Furthermore, experts predict that Cardano (ADA) could decline more in 2023 if it fails to succeed with such initiatives.
Solana (SOL) in Danger after DeGods Announces to Depart
Within the next few days, Solana (SOL) would say goodbye to two further NFT collections. DeGods and y00ts, two widely-read NFT collections, announced on Monday that they would be moving away from Solana (SOL) entirely, in the first half of 2023. The two sets are among the three most popular Solana (SOL) NFTs on OpenSea by trade volume. DeGods had approximately 2.2 million SOL in volume during the past days, while y00ts reached 1.7 million SOL. As a result, Solana (SOL) would suffer greatly from the departure. Now that collections like DeGods and y00ts have declared they will be leaving the Solana (SOL) network, its survival is in doubt. Despite recent recovery, the price of Solana (SOL) remains on a downward trend, especially after the DeGods announcement, threatening to drop below the $10.94 monthly low. The current price of Solana (SOL), at $11.24, is 96% lower than its all-time high of $259.56.
Snowfall Protocol (SNW) Gains over 400%
Snowfall Protocol (SNW) is the first decentralised platform to support the transfer of fungible and non-fungible tokens across several blockchains. Snowfall protocol (SNW) will allow users to move assets and data between Ethereum, Bitcoin, and other blockchain networks in a secure, trustless, and timely manner. Snowfall Protocol (SNW) has seen a 250% gain in value from phase 2 to its current market price of $0.14, and 400% from the first phase. Snowfall Protocol (SNW) is gaining popularity, not just because of its cutting-edge technology, but also because of the announcement of a prototype of its decentralised application.
In addition to its meteoric rise in value, Snowfall Protocol (SNW) has already sold over 200 million tokens, making it one of the most successful cryptocurrencies ever. Thus, Snowfall Protocol (SNW) is the best token to invest in despite the volatile market. As per experts, there is a probability of a 1000x increase following Snowfall Protocol’s (SNW) official launch in January 2023.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
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