Many new protocols and projects have emerged in crypto in the last few years. Polygon (MATIC) and Cosmos (ATOM) have been two of the most successful and well-known of these projects. However, there is a new project in the crypto space that has the potential to compete with these industry heavyweights, Snowfall Protocol (SNW).
Why are Investors Interested in Polygon?
Polygon (MATIC) was initially launched in 2017 under the name Matic Network to resolve issues that had arisen on the Ethereum blockchain. As an add-on to Ethereum, layer two was developed by Polygon (MATIC) to accelerate transactions and lower transaction costs. This is one of the most significant advantages of the Polygon network.
Polygon is a scalability solution for Ethereum (ETH) that runs its transactions across clusters of side chains. This means that it is faster than Ethereum and has lesser transaction fees making it a force in the league of Ethereum killers. However, MATIC’s fortunes change as the news and demand for solutions related to Ethereum change. Those with Polygon tokens typically have concerns over the value of their investments due to the constant market volatility.
Why are investors interested in Cosmos?
As the Cosmos (ATOM) network grows, so does the value of the ATOM token, which is its currency. The Cosmos (ATOM) network is a decentralized network of autonomous blockchains that can communicate with one another. As a result, it is now feasible to develop applications at massive scales on Cosmos (ATOM).
Additionally, the group of developers responsible for Cosmos (ATOM) is continuously working to extend the network and add new features. All of these led to a significant increase in the demand for Cosmos (ATOM), and industry insiders believe that the cost of ATOM will continue to increase in the future.
However, a breakout below the level is possible, resulting in the price of Cosmos (ATOM) dropping. Whatever occurs at this crucial level will likely influence the future price estimate for Cosmos (ATOM).
Why are investors interested in the Snowfall Protocol?
Snowfall Protocol (SNW) is a user-friendly multi-chain bridge protocol that, in addition to enabling secure asset transfers and cross-chain transactions between blockchains, also features an intuitive interface. The goal of the Snowfall Protocol is to increase cross-chain communication while also improving the security model between asset transfers.
SNW is currently at the final stage of the presale process, the incredible use case has already caused the token’s value (SNW) to increase by over 1000%. According to industry professionals, it is selling at $0.17, which is a gross undervaluation. This is because it can be worth 5000% more once launch day arrives.
Bottom Line
Even though Polygon (MATIC) and Cosmos (ATOM) are performing excellently, Snowfall Protocol has a better future than them. And this is because of its cross-chain compatibility. Also, many investors have been pushing for this “new guy” on the block.
Find out more about the Snowfall protocol:
Presale: https://presale.snowfallprotocol.io
Telegram:https://t.me/snowfallcoin
Website:https://snowfallprotocol.io
Twitter:https://twitter.com/snowfallcoin
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.
