The Sandbox (SAND) and Dogecoin (DOGE) continue to falter and fall as they struggle to find solid ground to begin their recovery. Meanwhile, Snowfall Protocol (SNW) is racking up double-digit growth rates almost every alternate day. Here’s what’s happening to these cryptos:
The Sandbox (SAND)
The Sandbox (SAND) has been the ultimate fantasy of every video gamer since the first arcade game hit the market. The Sandbox is an open metaverse of games. Gamers can buy, sell, and create unique NFTs on The Sandbox. They can play games of their choice on the platform or simply roam around. Developers can create games on the platform, all powered by the native token SAND. The Sandbox also allows users to buy real estate on the platform and use it to offer services like video games to users.
The Sandbox is everything video gamers have ever dreamed of. Therefore, it initially attracted millions of players to its platform. Since players can play to earn on The Sandbox, for a while, it appeared that The Sandbox would take over the traditional video gaming industry altogether. However, that has not happened. In fact, The Sandbox is wallowing in failure as it has lost over 90% of its value since its all-time high. Almost all players have left the platform too. The Sandbox is still in its nascence and has a long way to go before it becomes a contender against the traditional gaming industry.
Dogecoin (DOGE)
Dogecoin (DOGE) is the prime example of what happens to an entirely speculation-driven asset. Dogecoin is a meme coin. Apart from its potential as a meme coin, Dogecoin offers little else. To be fair, the “meme coin” tag has carried Dogecoin quite ahead. Many platforms like Reddit and Twitter have used Dogecoin to reward content creators. There were even talks of Dogecoin being accepted by Tesla, the electric carmaker, as valid payment. However, Elon Musk eventually backtracked on the hype, and Dogecoin crashed.
The fact that Dogecoin has big names like Musk and Ethereum’s founder, Vitalik Buterin, as advisors has not helped either. Also, the unceasing proliferation of other meme coins trying to displace Dogecoin as the biggest meme coin is not helping it either. At best, Dogecoin’s future is uncertain; at worst, its best days are already in the past.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a cross-chain bridge that connects multiple blockchains into an interconnected ecosystem. Imagine a crypto-verse that is fully interconnected. Users could transfer data, assets, and funds between any cryptos of their choice without much hassle or paying huge fees. That’s what Snowfall Protocol (SNW) is creating – an interconnected metaverse. Using Snowfall Protocol (SNW), users could instantly move their NFTs from The Sandbox to Decentraland or transfer funds from Tether to Binance USD.
Snowfall Protocol (SNW) also offers numerous other benefits like staking, yield farming, asset swapping, lending, borrowing, and other features that make its native token, SNW, highly attractive. Between its presale and stage 3 sale, Snowfall Protocol (SNW) has shot up by 400% in value. It’s currently selling below $1, making it affordable for small retail investors. It’s expected to grow by another 1,000% before market forces slow down its growth rate.
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin