Monero (XMR) and Dogecoin (DOGE) are some of the most popular cryptocurrencies with a huge social media presence, especially on Twitter. While their communities continue to show overwhelming love, a new entrant, Snowfall Protocol (SNW), is quickly piquing their interest.
Snowfall Protocol (SNW) is a cross-chain protocol that aims to connect Monero (XMR), Dogecoin (DOGE), and other blockchain networks. Its Twitter community is becoming increasingly larger, with market bulks and investors’ showing massive support for the project. Here’s why investors are choosing Snowfall Protocol (SNW) over Monero (XMR) and Dogecoin (DOGE).
Dogecoin (DOGE) Sees Renewed Endorsement
Dogecoin (DOGE) was a sensational success that took the crypto world by storm. It was initially created as a joke – a light-hearted asset with a humorous origin. Dogecoin (DOGE) is commonly referred to as the cryptocurrency for the people because, unlike Bitcoin and Ethereum, its main aim is to facilitate peer-to-peer transactions. After its launch, Dogecoin (DOGE) piqued many people’s attention after crossing the $1 billion market cap in 2017/2018.
Historically, Dogecoin (DOGE) has thrived on the back of its community’s support. It is used for the micro-transactions tipping system on Reddit before enjoying institutional adoption due to its low fee and fast speed. Prominent figures like Elong Musk, Mark Cuban, and Snoop Dogg supported the coin.
Monero (XMR): Privacy-Focused Chain Attracts Anonymous Investors
The Privacy King is a worthy name for innovative privacy-focused blockchain networks like Monero (XMR). It was built to uphold a basic tenet of blockchain technology – anonymity. Monero (XMR) uses high-level cryptographic solutions to hide users’ identities when performing transactions. It does this with ring signatures and RandomX algorithms, which focus on privacy, anonymity, and security.
Like Dogecoin (DOGE), Monero (XMR) has thrived from recommendations from social media communities like Twitter. The token grew by more than 34,000% from $1.6 to $542 in 2018. Currently, the Monero (XMR) token has grown by 20% this year. It is trading at $176, and expert analysts are looking at an explosive gain as crypto prices push to the upside.
Snowfall Protocol (SNW) is Bringing Disruptive Interoperability
Snowfall Protocol (SNW) continues to surge while defying the bears to reach unfathomable heights. Its price has seen a huge boost in the ongoing presale stage, and everyone is hyped for its launch. Snowfall Protocol (SNW) is a cross-chain asset transfer protocol entering the crypto market with a relatively unique and novel solution to the interoperability problem.
Snowfall Protocol (SNW) is putting together ingenious interoperability solutions that help combat the issue of blockchain networks being unable to interact with each other. With a few clicks, you can send or receive supported cryptocurrencies from over 200 blockchain networks.
Meanwhile, Snowfall Protocol (SNW) is still very underpriced and thus, making it a great blue chip investment for wise investors looking to diversify their investments. The project has gained investors’ confidence with a huge surge in market sentiment. Unlike Dogecoin (DOGE) and Monero (XMR), impacted by the FTX crash, Snowfall Protocol (SNW) has shown utmost resilience toward preserving its value for users and investors.
Aside from this, Snowfall Protocol is rolling out staking support for investors and users to lock their tokens in a time-based smart contract and earn APY rewards. These are why savvy investors are looking at Snowfall Protocol (SNW) tokens. The token is still in presale and has risen to $0.2 from the $0.05 launch price. It is not too late to be a part of the innovative movement. Sign up for the Snowfall Protocol (SNW) token presale and enjoy explosive growth.
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