Crypto enthusiasts are hoping the year 2023 will bring the revival of the market, as several new promising projects have entered with huge growth potential. One of them is Snowfall Protocol (SNW), which is in its third phase of presale round. Snowfall Protocol (SNW) value has increased by 400% during the presale. Meanwhile, Chainlink (LINK) and Polkadot (DOT) have struggled with their degrading market standings.
Chainlink (LINK) Make Partners To Fight Bears
To fight the current bearish market, Chainlink (LINK) has partnered with many other platforms to assist each other in making gains. Recently, Chainlink (LINK) joined hands with Arbitrium One. For this collaboration, Chainlink (LINK) has built Chainlink Automation, which allows developers to build advanced decentralized applications. However, the update has not been able to make Chainlink (LINK) strong enough to keep bears away from its doors.
Chainlink (LINK) has suffered severe losses in the past few weeks. The price of Chainlink (LINK) has fallen by 27% in the last month. This significant fall has brought the price of Chainlink (LINK) down to $5.55. Chainlink (LINK) is a blockchain platform with the primary goal of building universally connected smart contracts. Chainlink (LINK) links data and information from outside a blockchain to on-chain smart contracts.
Polkadot (DOT) Goes Down Again
Polkadot (DOT) recently launched a new update for the platform to increase its efficiency and usability. Although Polkadot (DOT) has deployed many new features this year, its value has not witnessed an increase. In fact, the price of Polkadot (DOT) has fallen by 20% in the last month.
As a result, the trading price of Polkadot (DOT) has declined to $4.32. Polkadot (DOT) is more than 92% below its all-time high of $55.00. Thus, analysts have a bearish outlook for Polkadot (DOT) in 2023. Polkadot (DOT) is an open-source blockchain protocol that was launched with the primary goal of securing and connecting various blockchain networks.
Snowfall Protocol (SNW) Set To Conquer Market
Snowfall Protocol (SNW) has entered the crypto market to make the DeFi arena more efficient and effective. Seeing its success during the first two phases of its presale, whales are rallying behind it. Snowfall Protocol (SNW) aims to remove all technical barriers existing between blockchain networks by enabling cross-chain communication. Snowfall Protocol (SNW) empowers users to interact with their favorite crypto projects even if they use different blockchain networks. Snowfall Protocol (SNW) is the world’s first and only blockchain ecosystem that has been built for cross-chain transfers of fungible and non-fungible tokens.
In essence, Snowfall Protocol (SNW) facilitates multi-chain interoperations and makes them user-friendly. Snowfall Protocol (SNW) has employed a canonical token bridge to ease chain swaps of fungible tokens. Besides, the platform brings a wrapping and swap protocol into play for chain swaps of non-fungible tokens. Snowfall Protocol (SNW) also assures its users that the transactions being made on the platform are accurate. The platform aims to push cross-chain connectivity up, along with enhancing security. It also helps users swap assets between the widely used EVM and non-EVM blockchain networks. Additionally, Snowfall Protocol (SNW) allows people to exchange cryptocurrencies over any blockchain network.
However, the USP of Snowfall Protocol (SNW) is that it comes with use cases for all market segments, such as Defi, infrastructure cryptocurrencies, stablecoins, and NFTs. Thus, Snowfall Protocol (SNW) has been developed for the entire crypto industry.
Snowfall Protocol (SNW) has successfully completed the first two phases of its presale phase, and the third phase has pushed the project further higher, which is almost sold out. Snowfall Protocol (SNW) registered an impressive growth rate of more than 400% during its presale round. Currently, the price of Snowfall Protocol (SNW) is hovering at $0.17. Market analysts have forecasted that the price of Snowfall Protocol (SNW) will increase by at least 5000% in the next few months.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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