Snowfall Protocol (SNW) is about to complete its presale round after registering a mammoth growth of 400%. On the other hand, long-standing cryptos like Bitcoin Cash (BCH) and Litecoin (LTC) have failed to survive the current market downfall.
Bitcoin Cash (BCH) Needs A Revival
Generally, it is anticipated that if the price of Bitcoin increases, the value of tokens, which are the product of the Bitcoin fork, also see an appreciation. However, this has not been the case with Bitcoin Cash (BCH). The price of Bitcoin Cash (BCH) has suffered a severe downfall in the last few weeks. The price of Bitcoin Cash (BCH) has fallen by around 10% in the last 30 days. Consequently, the trading price of Bitcoin Cash (BCH) has plunged to $99.03, which is 98% below its all-time of $4,355.62.
Bitcoin (BTC) and Bitcoin Cash (BCH) are not the same networks, as the latter was built as a fork of the former. The primary objective of Bitcoin Cash (BCH) is to process more transactions per second than the Bitcoin network.
Litecoin (LTC) Dwindles Heavily
Litecoin (LTC) has been in a dwindling situation, leaving its investors worried about their investment in this project. Litecoin (LTC) has been going down for the last many weeks due to the prevailing bearish sentiments. Litecoin’s (LTC) continuous fall has forced investors to shed their LTC tokens. The price of Litecoin (LTC) has plunged by 9% in the past 30 days. Hence, Litecoin’s (LTC) current trading price has dropped to $70.28.
Litecoin (LTC) is a peer-to-peer cryptocurrency, which is based on Bitcoin’s original source code. Litecoin (LTC) was built to be used for cheaper transactions and for everyday purposes. In contrast, Bitcoin is generally used as a store of value for long-term purposes. The mining process of Litecoin (LTC) is quicker than Bitcoin.
Snowfall Protocol (SNW) Increases Its Market Lead
Snowfall Protocol (SNW) has become the most profitable blockchain-powered platform for cross-chain communication. Since it provides the first-of-its-kind inter-operation model, investors have rushed toward Snowfall Protocol (SNW) for making an investment. Snowfall Protocol (SNW) has been developed to remove technical barriers present between various blockchain networks. It is the world’s first blockchain platform related to the cross-chain transfers of non-fungible and fungible tokens.
The platform uses a wrapping and swap protocol to ease chain swaps of non-fungible tokens and a canonical token bridge for fungible tokens.Snowfall Protocol (SNW) also ensures that the cross-chain transactions taking place on the network stay accurate without any discrepancies. The platform allows users to swap assets between the popular non-EVM and EVM networks.
The ecosystem of Snowfall Protocol (SNW) is bound to be hugely vast because the project applies to all market segments. Snowfall Protocol (SNW) can be used in all sectors, such as Defi, infrastructure cryptocurrencies, stablecoins, and NFTs. Snowfall Protocol (SNW) caters to the cryptocurrency industry, and has the potential to attract a massive user base to its network.
Since Snowfall Protocol (SNW) has so many utilities, the presale round of the project has registered an unparalleled growth rate. Snowfall Protocol (SNW) has witnessed a value appreciation of more than 400% during the first three phases of its presale round. The presale round of Snowfall Protocol (SNW) has already bagged $3 million. Pushed by such a huge demand, the current trading price of Snowfall Protocol (SNW) has ascended to $0.14, and is expected to increase manyfold before the presale round ends. Meanwhile, market experts predict that Snowfall Protocol (SNW) will soar by 5000% soon.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.