Snowfall Protocol (SNW), Polkadot (DOT), and Tron (TRX) have all seen price gains this week. But what are the potential value drivers associated with each of these crypto assets?
Snowfall Protocol Is Giving Investors an Edge Over the Bear Market In 2023
The ongoing crypto winter has created a lot of uncertainty for investors, as most traditionally favored cryptos are underperforming. It has, however, paved the way for low-cap alternatives with high potentials, such as Snowfall Protocol (SNW), to shine.
Despite being in its presale stages, Snowfall Protocol has made tremendous progress in strengthening its ecosystem. The protocol’s dApp feature is the latest to make headlines. Snowfall dApp enables users to transfer fungible and non-fungible assets securely and easily across more than 200 EVM and non-EVM chains. The dApp focuses heavily on interoperability and scalability, allowing users to enjoy low-cost light-speed transactions across a variety of chains.
The Snowfall Protocol (SNW) Wallet will also be available soon. Snowfall Wallet is a one-stop shop for all things crypto. Exchange stablecoins, bridge assets, stake, wrap NFTs for cross-chain swaps, or even move assets to any cryptocurrency are all possible with a few clicks in the Snowfall wallet. Snowfall Wallet is the master key to all cryptocurrencies and everything crypto.
Snowfall Protocol (SNW) has also shined in terms of price performance. The asset’s price has risen from $0.001 at the beginning of the presale campaign to the current $0.191. And with a week until the official launch, this price is expected to rise even higher and launch at $0.22. Post-launch, market analysis suggests that Snowfall will hit milestone after milestone, returning up to 5000% returns. In January alone, Snowfall Protocol has already jumped 500%.
Polkadot Releases XCM V3 To Improve Blockchain Interoperability
Polkadot recently underwent a major network upgrade, which included the merge of Polkadot XCM version 3 (XCM v3). Polkadot co-founder confirmed this in a tweet, saying that the merge has happened after 15 months of development. XCM v3 is compatible with all parachains in the Polkadot ecosystem. This latest version of XCM supports “bridges, cross-chain locking, exchanges, non-fungible tokens (NFTs), conditionals, context-tracking, and more.”
The update’s main focus is on programmability, which opens up a new world of possibilities in blockchain interoperability. Tokens, for example, can be locked on one chain and released on another. Additionally, XCM v3 makes it possible for parachains to communicate without bridges. Polkadot users appear to be pleased with the news. DOT price is up 14.93% on the week.
Tron Is on A Long-Term Uptrend
Tron is popular among cryptocurrency users because it is a low-cost, high-performance alternative. Tron has more than 130 million user accounts and has handled roughly 4.6 billion transactions totaling more than $6.3 trillion since its launch. Users in emerging markets who want to transact with dollar-denominated stablecoins often turn to Tron as their preferred network. As a result, the Tron network has been rapidly expanding, as has its price value.
However, the main Tron price drivers this week are the network’s recent announcement to burn more than 1,397,590 tokens and the Japanese exchange Zaif announcing a TRX listing on January 25. Burning TRX tokens will decrease their circulating supply while increasing their value.
Snowfall Protocol is the ideal bear-market investment. The final round of Snowfall’s presale has less than 15% left. Snooze and it’s all gone or invest now and see your fortune grow in 2023: https://presale.snowfallprotocol.io
For more information on Snowfall Protocol:
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.