So far, 2023 has been spectacular for cryptocurrencies. The total crypto market cap is up, and blockchain networks have seen more active participation in the past few days. Snowfall Protocol (SNW) is up by more than 3700%, making it the top-performing cryptocurrency.
Polygon’s (MATIC) price also rose 52% this year. In contrast, Ethereum (ETH) is still wallowing in the ground as price fails to break resistance levels. Read on to learn more about Snowfall Protocol (SNW) and why attention is shifting to the protocol.
Snowfall Protocol (SNW) Nears Launch, Sells more than 90% of Phase 3 Supply
The rise in popularity that Snowfall Protocol (SNW) is seeing lately is not surprising. An innovative project of its caliber cannot go unnoticeable to investors and astute analysts. The Snowfall Protocol (SNW) was launched in 2022, right in the middle of the bearish pressure, and it has stood its ground with bullish gains ever since. Snowfall Protocol (SNW) continues the momentum into 2023 and has gained more than 250%.
Essentially, Snowfall Protocol (SNW) is a cross-chain asset transfer and bridging solution. The main force driving its meteoric growth is the interoperability feature it offers. It works like a highway for the seamless and secure exchange and bridging of cryptographic assets over 200 blockchain networks and protocols. Thus, it provides massive interoperability and inclusivity.
Snowfall Protocol (SNW) also has a staking platform where users can earn passive income from its staking and yield farm. As expected, the demand for Snowfall Protocol (SNW) continues to grow in its final rounds – which has almost sold out.
Currently, the Snowfall Protocol (SNW) token price has risen to $0.2, and more than 90% of tokens allocated for the third presale round have been sold off. So while it’s not too late to buy the token, it’s advisable to do it as quickly as possible before the time runs out because experts said it would rise by 1000x post-launch.
Polygon (MATIC) Price Rise as User Activity Surges
Like many cryptocurrencies, Polygon (MATIC) is seeing prices rise for the first time in the last 90-day period. The Ethereum-based scaling solution has rallied by more than 52% this year amid rising interest in scaling solutions and increased daily active users. For the past 24 hours, Polygon (MATIC) has been trading above the $1 mark with over 12% surge.
For the past few weeks, the Polygon community has been in euphoria after the network announced strategic partnerships and newer integrations. In addition, completing the slated hard fork and anticipating the upcoming mainnet launch of the network’s zk-EVM resulted in a positive sentiment for MATIC. Polygon (MATIC) token is currently trading at $1.15, about 60% below all-time high price of $2.92. Still, it holds $1.22 billion worth of TVL value.
Ethereum (ETH) Down By 2.94%
Despite Polygon’s (MATIC) performance, its parent chain, Ethereum (ETH), is down by 2.94%. While Ethereum (ETH) has been performing impressively since 2023 started, its price drop simply reflected the general crypto outlook. Overall, the general crypto market went down by 0.49% while trading volume dropped by 13.4%.
While Polygon (MATIC) was a top gainer, Ethereum (ETH) had a mix of ups and downs. Currently trading at $1598, about 2.94% down in the last 24 hours. So far, Ethereum (ETH) has gained 33% this year but is still about 67% from the all-time high price of $4860 in November 2021.
Conclusion
Polygon (MATIC) and Ethereum (ETH) are doing well. However, Snowfall Protocol (SNW) is the future of an interoperable blockchain, and undoubtedly, it is a viable long-term project with huge prospects. The launch is imminent, and its whole community is hyped up.
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
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