Over the past year, digital assets like Dogecoin (DOGE) and Cardano (ADA) have faced some price stress. Dogecoin (DOGE) has seen a significant decrease in value, dropping from an estimated $0.68 to $0.073. Similarly, Cardano (ADA) has fallen from its all-time high of $1.63 to $0.25.
Even if the crypto market is currently bearish, crypto traders are always looking for the next bull run. During this period, projects with actual use cases are launched into the market. Projects with actual use cases have the potential to shake the entire crypto space.
Crypto market analysts believe that Snowfall Protocol (SNW) has the potential for significant price growth of up to 5000X in the next bull run.
Dogecoin (DOGE) market and use-case analyses
Dogecoin (DOGE) was initially created as a meme and parody of bitcoin but gained popularity and was accepted by some websites and businesses as a payment method.
However, its lack of a clear use case has caused the coin to lose value, as investors tend to sell off coins that don’t offer any benefits.
This is why some analysts believe in highly innovative projects like Snowfall Protocol (SNW). These projects offer a glimmer of hope and promise for a brighter future.
Cardano Market And Use-Case Analyses
Cardano (ADA) enables users to create and run smart contracts. However, users in the crypto space have yet to adopt the Cardano (ADA) platform.
This lack of adoption may significantly contribute to the ADA coin’s declining value.
However, strategic users are always looking for new and promising projects. If you are not one of them, you might miss out.
The crypto market has been bearish for some months, and the recent fallout of FTX has worsened the industry. Big firms in the crypto space have been declaring bankruptcy. However, not all coins in the market will survive the heat and come out stronger.
Even if the market improves, coins like Dogecoin (DOGE) and Cardano (ADA) can not give a 100X due to the recent developments in the industry. Snowfall Protocol (SNW) is a disruptive project in the web3 space that raised $3 million in its presale and currently trades at $0.14.
Due to its unique features, analysts predict it could increase in value significantly. It is currently trading at $0.14.
Snowfall Protocol(SNW) is the first platform in the web3 space to offer cross-chain transfers of tokens between blockchains, which could greatly benefit the crypto industry.
Thanks to this innovation, users will be able to transfer tokens between various blockchains.
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.