This article discusses the recent happenings with the meme tokens like Shiba Inu’s (SHIB) sudden price hikes and Dogecoin’s (DOGE) disappointing performance in the market. Moreover, the article also delves deep into an emerging protocol, Snowfall Protocol (SNW), and how it is winning everyone’s hearts.
Shiba Inu (SHIB) benefitted from Layer-2 announcement
Shiba Inu (SHIB) is one of the biggest names among the meme cryptocurrencies, an Ethereum alternative to Dogecoin (DOGE). Shiba Inu (SHIB) has been going through a difficult time as it had a fall of over 88% from its all-time high price. However, after many declines, a new trend can be seen for Shiba Inu (SHIB) as price hikes have occurred for the past couple of days. At the time of writing, Shiba Inu (SHIB) has witnessed a 3.6% hike in its price in the past 24 hours. This occurred after Shiba Inu’s (SHIB) lead developer, Shytoshi Kusama, came out with the news about the release of the much-awaited Shibarium, the Layer-2 blockchain for the platform. Through a tweet, Kusama announced that Shibarium would release very soon after New Year, and this has positively affected the price of Shiba Inu (SHIB). Whether this surge in Shiba Inu (SHIB) will continue can only be told with time.
Dogecoin (DOGE) down 4.3% in a day
Recovery wouldn’t come soon to Dogecoin (DOGE) as it continues to slump and is making investors anxious about the future. The popular meme token, Dogecoin (DOGE), is an open-source digital currency and uses proof-of-work protocol on its platform. Dogecoin (DOGE) is currently trading for $0.067, which is a staggering 90.8% below its all-time high price of $0.73. This year has seen Dogecoin (DOGE) lose 60.5% in value, and its recent performance is making it very likely that the token won’t gain stability anytime soon. Just in the past 24 hours, Dogecoin (DOGE) is down by 4.3%. Elon Musk, a vocal promoter of Dogecoin (DOGE), is responsible for many of the recent price swings in the cryptocurrency. The price of Dogecoin (DOGE) is directly impacted by his business actions, which is quite dangerous for the token’s future. Experts are of the view that it is not the best time to invest in Dogecoin (DOGE) due to the instabilities.
Snowfall Protocol (SNW) has an unreal growth potential
While industry-leading tokens are struggling, Snowfall Protocol (SNW) has made a name for itself despite being new in the crypto arena. Due to its unique approach to the cryptocurrency industry,Snowfall Protocol (SNW) has a growth potential unlike any other coin. Users may participate in, and gain from, any blockchain of their choice through the help of Snowfall Protocol (SNW). Additionally, users will be able to transfer money across chains whether they are EVM compatible or not, with the help of Snowfall Protocol (SNW) and it’s decentralized apps (dApps). The Snowfall Protocol (SNW) ground-breaking interoperability architecture allows customers to avoid paying exorbitant costs to transfer assets through intermediaries. The stage 2 presale of SNW, the native token of Snowfall Protocol, has ended with a grand total raise of $3 Million, demonstrating the demand and confidence in Snowfall Protocol (SNW). It is now in Phase 3 of its presale, and is available for purchase for $0.14. Many cryptocurrency experts concur that Snowfall Protocol’s (SNW) present pricing is a steal, given the enormous profits and benefits that investors stand to get in the future. The price of Snowfall Protocol (SNW) is expected to increase by more than 5000% over the following few days, and this is only the beginning as the token will undoubtedly fly to new heights in the near future.
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
