Dogecoin (DOGE) underperformed after Elon stepped down as CEO of Twitter, Litecoin (LTC) got an upgrade from MWEB this year, while Snowfall Protocol (SNW) outperformed in pre-sale phase 3.


After Elon Musk announced his silence Dogecoin (DOGE) has been steadily declining in value in a Twitter poll on whether to step down as the social media company’s CEO. The privacy-driven upgrade of Mimblewimble Extension Blocks (MWEB) to Litecoin (LTC), which completed in May 2022 and increased the likelihood of the coin becoming the preferred payment method for private transactions, was Litecoin (LTC)’s biggest update. this year. On the other hand, a newcomer ,Snowfall Protocol (SNW), is doing very well in the pre-sale phase.

Dogecoin (DOGE) performs poorly after Elon resigns as CEO of Twitter

Elon Musk posted the question on Twitter Monday and received more than 17.5 million replies in two days. According to the final result, 57.7% of voters would see the billionaire resign as CEO of Twitter. while 42.5% do not.

Following its announcement, the price of Dogecoin (DOGE) fell. After buying Twitter in November, Musk controlled the company for about two months. His impact on the platform during this time was significant and divisive. Dogecoin (DOGE) price movement closely follows Musk’s online and offline activities. Dogecoin (DOGE) reached a market high of $0.11172 on December 5.

The Litecoin (LTC) MWEB update is among the biggest of the year.

MWEB. In May 2022, the privacy improvement first proposed in 2019 as a Litecoin (LTC) improvement idea was put into practice.

MWEB protocol, which allows coins to be transferred to the extended block and back to the main chain, is described on the company’s website as an extension of the Litecoin (LTC) network. According to the project’s website, users would be able to send private Litecoin (LTC) payments where the amounts sent are known only to the sender and recipient. The change will also allow MWEB addresses to hide account balances and increase transaction speeds on the

Litecoin (LTC) network. However, the addition of the privacy option brought Litecoin (LTC) some criticism. Centralised cryptocurrency exchanges in South Korea have removed Litecoin (LTC) from their platforms, citing the risk of money laundering and public exposure from anonymous digital asset transactions. , according to a Bithumb press release.

With a 24-hour trading volume of $481 million, Litecoin (LTC) live price is $67.68. In the last 24 hours, Litecoin (LTC) is down 3.17%.

Snowfall Protocol (SNW) blossoms into phase 3 of the pre-sale.

The Snowfall Protocol (SNW) blockchain interoperability use case has already caused a lot of excitement in the cryptocurrency market. The release of a Snowfall Protocol (SNW) dApp prototype is one of the main factors contributing to its success. Investors are confident in the Snowfall Protocol (SNW) platform’s ability to deliver on its promise of providing a scalable and decentralised blockchain solution. Due to strong demand and lack of stock, Phase 2 of the Snowfall Protocol (SNW) presale ended days ahead of schedule. On February 3rd, 2023, the last phase of the pre-sale ends and analysts are optimistic about the extraordinary success of Snowfall Protocol (SNW).

Analysts predict the Snowfall Protocol (SNW), currently selling for $0.14, could surge 5,000% after its official launch.

Do not miss this opportunity to participate in the most disruptive protocol of 2023. With less than 30 days left before the final stage ends, the time to invest is now.



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.

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