Snowfall protocol (SNW) is one of the coins that have managed to show shockingly elevated rallies within a short time in the current bear market, Celo (CELO) and Chain (XCN), on the other hand, have not been so lucky.
In this post, we will dive deeper into Snowfall protocol (SNW), why it is rising in value, and why Celo (CELO) and Chain (XCN) cannot keep up. Let’s jump in.
Snowfall Protocol (SNW)
Snowfall protocol (SNW) is currently in its third presale stage after the second phase closed with a bang. Like the first phase of the presale, the second phase sold out, raising millions of dollars. So far, the Snowfall protocol (SNW) has delivered immense returns.
Although such increases in value are impressive, they are not the only reason why the Snowfall protocol (SNW) is making waves in the crypto phase. Snowfall protocol (SNW) also has a value proposition investors believe in. Snowfall protocol (SNW) is dedicated to interchain interoperability between all blockchains, whether EVM or non-EVM blockchains.
Moreover, the Snowfall protocol (SNW) also allows for the transfer of fungible and non-fungible tokens between blockchains, such as Ethereum and Solana. With Snowfall protocol (SNW), users of different blockchains can enjoy the features of other blockchains without having to move away from their favourite chain. This is truly revolutionary in the blockchain space.
Snowfall protocol (SNW) will play a major role in the blockchain space as it will become the central system that facilitates effortless communication between other blockchains. With time, the Snowfall protocol (SNW) might become the most widely used blockchain communication protocol.
Celo (CELO) is a platform designed to act as a global payment infrastructure for cryptocurrency projects focusing on mobile users. Celo (CELO) aims at making it possible for anyone to access financial activity. To achieve this goal, Celo (CELO) makes it possible for payments to be sent to and from a mobile device from any phone number in the globe.
In addition to basic payments, Celo (CELO) also supports the development of dApps on the blockchain. So far, Celo (CELO) has allowed for the creation of a crowdfunding platform that makes it easier to raise funds for social causes and a dApp that allows anyone to contribute to a community’s universal basic income scheme.
Like most cryptocurrencies, Celo (CELO) was hit hard by the 2022 bear market. The coin has wavered in price in the past few months, despite making announcements about major partnerships earlier this year. However, the future still looks bright for Celo (CELO) as the Celo (CELO) project fills a gap in the market.
Chain (XCN) is a blockchain-based technology solution created to enable a smarter and more connected world. Chain’s (XCN) mission is to build cloud infrastructure and cryptographic ledgers that support transformative financial products and web3 services.
By collaborating with leaders from different industries and welcoming new projects in the web3 space, Chain (XCN) hopes to create a truly connected economy that is beneficial to their partners and clients.
Chain (XCN) also addresses the need for security and compliance when traditional financial institutions are moving onto blockchain systems. Chain (XCN) provides such institutions with the means to deploy a private ledger.
Chain’s (XCN) main cryptocurrency XCN is used for governance in the Chain (XCN) ecosystem. So far, the coin has performed rather well in the crypto market. However, the bear market has not been kind to Chain (XCN), as the coin’s value has dropped significantly in the last few weeks. That being said, crypto experts still predict a bright future for the coin.
Chain (XCN) and Celo (CELO) have been around for some time. Although the coins perform well in the market, they have been struck by the bear market. On the other hand, newcomer Snowfall protocol (SNW) aims to defy all odds as it moves into the third stage of the presale after selling out in stage 2.
Learn more about Snowfall protocol (SNW) in the following links
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.