Bitcoin (BTC) and Ethereum (ETH) are some of the most popular and renowned cryptocurrencies globally. Since their launches, they have continued to be an inspiring leader in the crypto market. Even though the value of both cryptocurrencies plummeted in the crypto winter of 2022, they’re back to making their usual huge moves.
However, Snowfall Protocol (SNW), a new cross-chain asset transfer protocol, is rapidly gaining much attention, even more than Ethereum (ETH) and Bitcoin (BTC). The Snowfall Protocol (SNW) token is set to explode in value, with expert analysts speculating a 1000x surge. Read on to learn more.
Bitcoin (BTC) and Ethereum (ETH) lead market rally
Bitcoin (BTC) and Ethereum (ETH) have soared since the beginning of November, when FTX caved in. Both cryptocurrencies recently regained their bullish momentum for the first time in months, with the total crypto market cap above $1 trillion again.
Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies have been boasting at least double-digit weekly gains in the past few weeks. According to Coindesk, Bitcoin (BTC) has posted a modest 37.5% gain this year. Ethereum (ETH), the largest altcoin by market cap, also follows the same patterns and has gained up to 30% this year. It currently trades at $1,550 while Bitcoin (BTC) hovers near $23,000 with over $437 billion market cap.
The latest rally in the crypto market came at a cost for Bitcoin (BTC). Although there is an increase in TVL of Ethereum (ETH) and Bitcoin (BTC) networks, which indicates growing user activities on both networks, Bitcoin’s (BTC) mining difficulty has hit new highs. According to CoinWarz, the difficulty of solving a new hash grew by more than 10%. Therefore, the odds of finding the right value to validate transactions is one in 37.59 trillion.
Snowfall Protocol (SNW) skyrockets in presale
Another token that has seen a notable record-breaking price rise and demand during this market rally is Snowfall Protocol (SNW). The multi-chain protocol provides a revolutionary and decentralized ecosystem for users to safely transfer their assets over any blockchain network.
Snowfall Protocol’s (SNW) mission is to build a permissionless and secure hub that serves as a bridge with excellent interoperability between multiple networks. This is possible via its canonical/reverse canonical token bridge for cryptocurrencies and swap/wrap model for NFTs.
The interoperability solution of Snowfall Protocol (SNW) makes it much more important than existing protocols and networks. Without it, blockchain networks will only exist as a single, non-operable, and non-inclusive entity.
Everyone across the board benefits from Snowfall Protocol (SNW) – from stakeholders to developers and regular users. It will motivate developers to build new cross-chain compatible apps while bringing all blockchain entities under an umbrella.
The unreplaceable importance of the Snowfall Protocol (SNW) is evident in its successful presale, which is breaking limits with terrific demand. The token is in the third presale stage, with over 90% of allocated tokens already sold out.
Unlike Ethereum (ETH) and Bitcoin (BTC), the Snowfall Protocol (SNW) token saw a whopping 4000% increase in value. The token is currently trading at $0.2, and the market demand can drive it by more than 1000x during launch.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin