Snowfall Protocol (SNW) Stage 2 Of Presale Gets Sold Out As Huobi and Dogecoin Dwindle

78
Snowfall Protocol (SNW) Stage 2 Of Presale Gets Sold Out As Huobi and Dogecoin Dwindle
Advertisement
   

2022 has been a roller coaster ride for digital currencies. Most cryptocurrencies, like Huobi (HT) and Dogecoin (DOGE), have been rising and crashing down. However, even with the market’s chaos, a few cryptocurrencies have managed to make a name for themselves and attract mass attention. One such coin is the Snowfall protocol (SNW).

This post will dive deeper into Snowfall Protocol (SNW), what it is, and why it has become a buzzword in the crypto space.

Snowfall Protocol (SNW) 

Snowfall protocol (SNW) is a blockchain-based solution created to simplify the process of communication between blockchains. Snowfall protocol (SNW) is aimed at eradicating the technical barriers between different blockchains and allowing users the same usability to engage within their favourite projects.

Snowfall protocol (SNW) is the first cross-chain transfer ecosystem designed for fungible and non-fungible tokens. The protocol has a dApp that enables users to swap assets across most blockchains. Snowfall protocol (SNW) has recently released a preview of the dAPP. You can check it out on the snowfall protocol’s (SNW) main website.

Although Snowfall protocol (SNW)  is a new coin in the crypto market, it has already gained the support of many. So far, Snowfall protocol (SNW) has sold over 100 million coins. The coin is currently in its third phase of the presale. The second phase of the Snowfall protocol’s (SNW) presale sold out a day early and raised more than $3 million. 

Advertisement
   

Crypto analysts speculate that Snowfall protocol (SNW) will continue to grow as a coin.

Huobi Token (HT)

Huobi token (HT) is the native token of the Huobi (HT) Global cryptocurrency exchange. The Huobi (HT)  cryptocurrency exchange was founded in 2013 to provide people residing in Mainland China and beyond with a platform to trade cryptocurrencies.

However, due to changing crypto legislation in China, Huobi had to move outside China. Huobi (HT) Global was incorporated in Seychelles, with its headquarters in Singapore.

The Huobi (HT) cryptocurrency exchange successfully built a large user base outside of mainland China. This was mostly because the project could provide more liquidity than other exchanges.

Huobi (HT) token has been one of the most traded tokens in cryptocurrency exchanges. Investors have previously considered the Huobi (HT) token as a safe investment option and heavily invested in the coin.

However, since the beginning of the current crypto market collapse, Huobi (HT) has dropped significantly in value. 

Dogecoin (DOGE)

Dogecoin (DOGE) is a meme coin created to make fun of traditional cryptocurrencies such as Bitcoin. Dogecoin (DOGE) was created from a famous internet meme. Dogecoin’s (DOGE) logo features a Shiba Inu (SHIB) dog inspired by a meme.

Unlike other coins with a finite supply, Dogecoin (DOGE) has an unlimited supply. 10,000 Dogecoin (DOGE) are mined every minute, which drastically improves the number of coins available for trade at any minute.

Throughout its existence, Dogecoin (DOGE) has created a community of die-hard fans. 

However, it is important to note that Dogecoin (DOGE) lacks intrinsic value. For this reason, the value of Dogecoin (DOGE) is based solely on speculation and is therefore affected by the news.

Final Word

Huobi (HT) and Dogecoin (DOGE) are well-established coins that have been around for quite some time. Both coins have managed to make a name for themselves, Huobi (HT) as the main token of the Huobi (HT)  global crypto exchange and Dogecoin (DOGE) as a meme coin.

However, snowfall protocol (SNW) has already proven worthy. Analysts predict that Snowfall Protocol (SNW) will quickly become a top cryptocurrency in the coming years.

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin 


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.