Since the introduction of Bitcoin in 2011, blockchain technology, protocols like Polygon and Cardano have contributed tremendously to its development. Snowfall Protocol (SNW), a new blockchain-based asset bridge, and its ingenious integrations are trending all over the news. The protocol allows users to transfer the NFT assets between chains but is the hype worth it? This article will critically examine Snowfall Protocol (SNW) and why you should consider investing in it at the ongoing presale stage.
Snowfall Protocol – The Future of Cross-chain Communication
The need for cross-chain communication to allow established blockchain networks to work hand-in-hand is a major concern for blockchain users and developers. Snowfall Protocol (SNW), a new multi-chain platform that allows users to move their assets securely across multiple chains, has gained traction for addressing the issue of blockchain interoperability and interchain communication.
Snowfall Protocol (SNW) allows its users to transfer assets across 200 EVM and non-EVM compatible chains without relying on any centralized system. The platform uses the canonical token bridge, a reverse canonical bridge, and a swap/wrap mechanism for seamless NFT and crypto asset transfer.
Many analysts believe the Snowfall Protocol (SNW) is the future of uninterrupted cross-chain interaction, a solid investment with futuristic plans. That’s why the Snowfall Protocol (SNW) token has seen more than a 500% rise only a few days after the presale started.
The token remains on top of the list for coins with 1000x potential in the next bull run. To better position yourself for maximum returns with SNW, you can sign up at Snowfall Protocol and buy the token for $0.182 in the ongoing presale stage.
Polygon (MATIC)
The introduction of layer-two solution with Polygon solved the blockchain trilemma. The network offers decentralization and scalability without sacrificing security. With Polygon, users can directly interact with the Ethereum blockchain without worrying about high gas fees or network congestion.
Last year, Polygon had a fair price movement compared to many other cryptocurrencies. Instead of continuously sliding down the bearish plane, Polygon found a key support level and lost only 65% of its value.
Currently, the coin is trading at $0.89, about a 70% drop from the all-time high price of $2.89 in December 2021. Meanwhile, Polygon is looking at large-scale strategic partnerships to popularize its layer-two solution. This can further boost its price and improve market sentiment around its value.
Cardano
Like Polygon, Cardano’s mission was to build a network with high scalability, cheap gas fee, and high interoperability. Unfortunately, Cardano does not offer any competitive advantage compared to its peers. Its uses are only limited to transactional purposes. Even newer platforms like Snowfall Protocol can easily take Cardano out with their killer features.
Aside from Cardano’s Proof of Stake (PoS) algorithm, its flexibility is the only thing investors are currently banking on. Experts predict a slight recovery after the implementation of upgrades and hard forks. While that seems like a strong fundamental, the Cardano coin has lost up to 88% from its previous all-time high price of $3. However, if you’re looking for a short-term gain of up to 30% to 100%, Cardano is a good option.
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.
