Crypto investment is recovering powerfully as the focus returns to innovative projects with long-term potential and ingenious utilities. Snowfall Protocol (SNW) is one of the top-performing assets gaining investors’ interest ahead of launch. Demand is growing heavily as new whales pile into Snowfall Protocol (SNW) tokens.
Layer-two solutions like Optimism (OP) are not left out – its token has broken an all-time high. In contrast, the Coinbase exchange is in hot water after getting a fine of 3.3 million EUR from the Dutch Central Bank. Read on to learn more about notable recent events around the crypto space.
Layer-Two Networks, Optimism (OP) Reaches All-Time High
Layer two networks are back up – attention is getting back on their unparalleled scalability as Optimism (OP) clinches a new all-time high of $2.55. The protocol is an Ethereum-based layer-two scaling system that uses Optimistic rollups to achieve scalability. They provide an effective solution to the scale issues of Ethereum while preserving security and decentralization.
Shortly after its launch, Optimism (OP) saw volume and user activity decline. However, the last few days have been positive for Optimism (OP). Optimism (OP) has outpaced most of its peers – especially by market capitalization and demand. Prices are roughly up by 160% this year as its value blew through the $2 mark, about a 540% rise. According to Etherscan, daily user activities peaked at 800,000 all-time high value.
Coinbase fined $3.6M by the Dutch Central Bank
Optimism (OP) is celebrating its all-time high price; Coinbase exchange got under hot water after the Dutch Central Bank found the US-based exchange noncompliant with regulatory rules. According to Reuters, Coinbase was fined €3.3 million for failing to comply with local regulations from financial providers.
While it is unlikely to see a popular crypto exchange like Coinbase fall victim to non-compliance – the Netherlands bank penalized the exchange for failing to obtain important operational documents. The Dutch National Bank has also penalized Binance and Kucoin for the same non-compliance. Meanwhile, cryptocurrencies are trading modestly above the 2022 low, with Snowfall Protocol (SNW) topping the chart.
Snowfall Protocol (SNW): Investors Pile in Ahead of Launch
Despite being in presale, Snowfall Protocol (SNW) has remained the top-performing asset of 2022/2023. The protocol has received massive praise in the crypto space for its meteoric rise in demand while ousting many rivals with its disruptive abilities. Snowfall Protocol (SNW) is a cross-chain bridging solution that sets the record as the first and most efficient asset transfer protocol that supports every cryptographic asset. However, what makes the Snowfall Protocol (SNW) different, if you may ask?
Lack of interoperability is one of the issues affecting many networks even after decades of introduction. Snowfall Protocol (SNW) is the future of interoperability – a platform that allows anyone to securely and seamlessly transfer assets between EVM and non-EVM compatible blockchain networks.
Snowfall Protocol (SNW) achieves this with its canonical token bridge for cryptocurrencies and swap/wrap system for NFTs. This way, its users can enjoy an ecosystem of interoperable dApps and protocols while interacting with over 200 of their favorite blockchain networks. Currently, Snowfall Protocol (SNW) has released its DEX prototype, and its community is hyped ahead of its launch in February.
Snowfall Protocol (SNW) is in the final presale stage, and strong bullish sentiment continues to build around its price. Its token is fundamentally sound – a reason why many investors and experts are looking forward to its anticipated launch. So far, the Snowfall Protocol (SNW) token has gained 4000% in presale and is now trading at $0.2. Experts are looking at a 1000x rise; thus – now is the best time to invest in Snowfall Protocol (SNW) token.
Click the links below to learn more now!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
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.
