The Cryptocurrency market is filled with many uncertainties, and the current market conditions haven’t helped matters. That is why crypto investors diversify their portfolios to hedge against losses. To do this, this community of investors is looking to adopt utility tokens rather than investing in well-established tokens like Shiba Inu (SHIB) and Chainlink (LINK). Snowfall Protocol (SNW) token is one example of such utility tokens that investors have their eyes on. Here’s why the Snowfall Protocol (SNW) token precedes Shiba Inu (SHIB) and Chainlink (LINK) for Crypto investors.
Shiba Inu’s (SHIB) “Memecoin” Status and Huge Supply
Shiba Inu (SHIB) launched in 2020 as an Ethereum-based alternative to Dogecoin (DOGE). According to its website, Shiba Inu (SHIB) is dubbed the “Dogecoin Killer,” although it is yet to achieve that as Dogecoin has a higher market cap than it.
Although Shiba Inu (SHIB) has gained immense popularity, some issues about the project are hard to shake off. For one, the coin is a memecoin, and one can only wonder how high its price could climb, especially when you consider that Shiba Inu (SHIB) has a massive supply with a current circulating supply of about 549 trillion Shiba Inu (SHIB), meaning it has inflationary properties. At the time of writing, Shiba Inu (SHIB) is trading at $0.000008374 per Shiba Inu (SHIB). Shiba Inu (SHIB) is 74.09% below the all time high of $0.000089.
Chainlink’s (LINK) Steady Decline
Chainlink (LINK) launched in 2017 as an Ethereum-based network that allows smart contracts on Ethereum to directly and safely connect to external data sources, APIs, and payment systems. Instead of human intermediaries, Chainlink (LINK) provides a decentralized system of nodes that help connect external data and information to on-chain smart contracts. Therefore, Chainlink (LINK) enhances the smart contract capabilities by providing access to off-chain data in real time while retaining the security of blockchain technology.
Early investors who invested in Chainlink (LINK) ICO at the price of $0.09 each, enjoyed a great return on their investment as Chainlink (LINK) price rose significantly between December 2020 and May 2021, climbing to an all-time high of $52.88. However, Chainlink (LINK) has been on a steady decline since then, down 88.54% from its all-time high. Chainlink (LINK)’s price has also fallen by 13.17% in the past 7 days. Although Chainlink (LINK) undoubtedly provides utility to its users especially with its decentralized oracle network, Chainlink (LINK)’s token price has been inconsistent and it’s no wonder investors are choosing to stay out of it.
Snowfall Protocol Offers a More Reliable Investment Opportunity
Snowfall Protocol (SNW) provides a cross-bridge ecosystem, which allows users to transfer their fungible and non-fungible assets across different blockchain networks. Snowfall Protocol (SNW) is committed to solving the problem of Blockchain interoperability and with such utility, experts are tipping a strong upswing in Snowfall Protocol (SNW) token’s price. As such, Snowfall Protocol (SNW) token is garnering a lot of interest from investors who see an opportunity to invest early in a growth-oriented project.
Snowfall Protocol (SNW) is currently in the phase 3 of its presale stage and is to launch in January, 2023. The phase 1 and 2 of the presale stage were a huge success as the Snowfall Protocol (SNW) tokens on sale all sold out.
Snowfall Protocol (SNW) undoubtedly offers a lucrative opportunity for early investors, unlike Shiba Inu (SHIB) and Chainlink (LINK) which have already crossed their initial growth phases. The good news is that you are still early! To get started, sign up here and invest in the Snowfall Protocol today.
Find Out More About The Snowfall Protocol (SNW) Presale
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.