The crypto world has been gaining traction rapidly. From individual to institutional investors, all are considering infusing in cryptocurrencies. If you are also considering the same, take a look at Shiba Inu (SHIB), Dogecoin (DOGE), and Snowfall Protocol (SNW). Snowfall Protocol’s (SNW) presale is set to culminate after registering a growth of 3700%.
(SHIB) Gets Support For Its Shibarium
Atomic Wallet, a cryptocurrency wallet service provider, has announced support for Shiba Inu’s (SHIB) Shibarium. This comes as a major market boost for Shiba Inu (SHIB), as the noncustodial Atomic Wallet reportedly has five million users. Shibarium is a layer-2 protocol from Shiba Inu (SHIB). Growing acceptance for Shibarium has made many consider Shiba Inu (SHIB). However, given the last week’s performance, users are a little wary about Shiba Inu (SHIB). Although the price of Shiba Inu (SHIB) has increased by 48% on the monthly chart, it has tumbled by 1.15% in the last week. On the daily price chart, Shiba Inu (SHIB) has risen by a meager 0.84%. Currently, Shiba Inu (SHIB) is trading at $0.000012.
Elon Musk Wants To Make Dogecoin (DOGE) Bigger
Elon Musk has been a strong advocate of Dogecoin (DOGE). At regular intervals, he keeps expressing his support for Dogecoin (DOGE) through his various companies. While Twitter was already promoting the use of Dogecoin, Tesla has also announced that it would accept only DOGE for crypto transactions. Besides, Elon Musk recently reiterated that if McDonald’s starts accepting Dogecoin (DOGE), he will eat a Happy Meal on TV. With such strong support from Elon Musk, Dogecoin (DOGE) has been the focus of investors for a long time. The price of Dogecoin (DOGE) has increased by 25% in the last month. Dogecoin’s (DOGE) value increased by 0.72% on the daily chart. Currently, Dogecoin (DOGE) is being traded at $0.9.
Snowfall Protocol (SNW)
Dedicated to the DeFi arena, Snowfall Protocol (SNW) has stunned market experts with its presale phase performance. The value of Snowfall Protocol (SNW) has gone up by 3700% during its presale phase, which will end on February 3. Snowfall Protocol (SNW)) is a blockchain-powered platform promoting cross-chain communication.
Snowfall Protocol (SNW) has become the most sought-after token with a first-of-its-kind inter-operation model. Snowfall Protocol (SNW) has been built to encourage communication and interaction between blockchain networks. Snowfall Protocol (SNW) is the world’s first platform that facilitates the cross-chain transfers of fungible and non-fungible tokens (NFTs).
To aid in the chain swapping of non-fungible tokens, Snowfall Protocol (SNW) works with a wrapping and swap mechanism. But, it utilises a canonical token bridge to enable the chain swaps of fungible tokens. The platform assures to keep the cross-chain transactions on its network faultless and free from any discrepancies. Snowfall Protocol (SNW) will help users swap assets between the widely-known non-EVM and EVM networks.
Snowfall Protocol (SNW) boasts usability for all market segments, and therefore, it will have a vast ecosystem consisting of use cases in Defi, stablecoins, and NFTs sectors. The growing usability will help Snowfall Protocol (SNW) attract a large user base. Snowfall Protocol (SNW) has successfully attracted investments worth more than $5 million during its ongoing presale, and the current price of the token has reached $0.20.
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