If there was one word to describe the current cryptocurrency market, it would be volatile. However, there are some cryptocurrencies that are gaining traction with their stability and potential for growth. Looking ahead to 2023, one cryptocurrency that stands out as a potential winner is Snowfall Protocol (SNW). Unlike other cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), SNW has a real use case. In this article, we will discuss why the crypto market will benefit more fromSnowfall Protocol (SNW)) rather than Dogecoin (DOGE) and Shiba Inu (SHIB) in 2023.
Dogecoin (DOGE) faces losses despite Musk-Buterin association
The value of Dogecoin (DOGE) increased by over 27% in the past month based on the rumors that Elon Musk, the new CEO of Twitter, and Vitalik Buterin, the founder of Ethereum, are working on a new version of the dog-faced meme coin. As per crypto insiders, it’s true that Vitalik Buterin is affiliated with the Dogecoin (DOGE) Foundation. Buterin has also majorly supported the Foundation and Elon Musk financially, who is known to be a big fan of Dogecoin (DOGE). However, this week came with bad news for Dogecoin (DOGE). As investors wait for inflation data and the final U.S. Federal Reserve meeting of the year, cryptocurrencies such as Dogecoin (DOGE) have started trading lower. Among the top 10 cryptocurrencies, Dogecoin (DOGE) has been hit the hardest. Dogecoin is currently trading at 8 cents, down nearly 13% from a month ago.
Shiba Inu (SHIB) investors run out of patience
The Shiba Inu (SHIB) protocol’s beta release has been long expected, and its chief creator, Shytoshi Kusama, recently announced its impending arrival in a Telegram post. The Shiba Inu (SHIB) community has been waiting a very long time for the Shibarium update, and they are growing increasingly impatient. Unification, the development team of Shiba Inu (SHIB), reportedly announced at the beginning of the year that the Layer-2 network’s beta testing will begin at the end of September. As the hope for the release was shattered by mid-August, Shiba Inu (SHIB) prices started to tumble. In August, the price of Shiba Inu (SHIB) was $0.000017, and at the time of writing, the price has gone down to $0.000008. Compared to its all-time high of $0.000032, Shiba Inu (SHIB) has dropped 74.49%. The price of Shiba Inu (SHIB) has plunged by 3.97% during the previous week despite rumors of the release.
Snowfall Protocol (SNW) to rise by 1000x
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
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
This news is republished from another source. You can check the original article here