We will be looking at why Snowfall Protocol is up 500% and climbing whilst the crypto market continues to suffer and why we believe this is only the beginning for this strong new ICO.
The cryptocurrency market is constantly changing, with coins rising and falling in value every few hours. Here we will look at three coins that are in different positions in the blockchain: Chainlink (LINK), BinaryX (BNX) and Snowfall Protocol (SNW).
Snowfall Protocol (SNW) is currently experiencing a steady growth surge, while Chainlink (LINK) and BinaryX (BNX) are trying to remain stable.
Chainlink (LINK)
Chainlink (LINK) is a decentralized service that offers data for smart contracts on the Ethereum (ETH) blockchain. It has been one of the better-performing chains in the cryptocurrency market, but it has faced some pressure in recent months. Since Chainlink (LINK) is highly dependent on Ethereum (ETH), it is vulnerable to movements and news about the Ethereum (ETH) blockchain.
As we move towards a multi-chain future, Ethereum (ETH) will eventually phase out from being the dominant platform, which could lead to losses for Chainlink (LINK). Another reason for the downward pressure is that many new investors find the technicalities of Chainlink (LINK) intimidating and prefer to invest in simpler projects.
BinaryX (BNX)
BinaryX (BNX) is a game that applies cryptocurrency and blockchain technology to let its players earn rewards when they play games. Players can auction their in-game assets to earn cryptocurrency by playing games, which is known as the play-to-earn (P2E) feature. They can also trade items with other players through the gaming marketplace.
With a strong focus on play-to-earn, BinaryX (BNX) is a good option for those looking to get into cryptocurrency and gaming. However, for those not interested in gaming, other better options are available.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a newly launched project that supports cross-chain transfers of assets. Cross-chain transfers are currently gaining a lot of traction in the market, and Snowfall Protocol’s (SNW) price has surged by more than 140% at the beginning of its presale stage. Their first stage is already sold out!
Snowfall Protocol (SNW) is the first cross-chain transfer ecosystem built for fungible and non-fungible token transfers. The Snowfall Protocol (SNW) project takes multichain co-operation service to another level of user-friendliness, using a trusted token bridge protocol for fungible tokens and a wrapping and swap protocol for non-fungible tokens.
A main reason for Snowfall Protocol’s (SNW) quick success is that it addresses a pain point in the cryptocurrency market. Many blockchains offer different services and features, but it is difficult to swap assets between them. Snowfall Protocol (SNW) aims to provide a solution which could lead to adoption by exchanges, wallets, and other platforms.
Snowfall Protocol (SNW) can make the cryptocurrency segment more efficient by supporting cross-chain transfers. This efficiency could lead to more adoption and, thus, higher prices for Snowfall Protocol (SNW) tokens.
Experts are predicting that Snowfall Protocol (SNW) has the potential to grow up to 5000% by the time it is launched. Some of the top market analysts believe that Snowfall Protocol (SNW) has the potential to become a 10000x token.
Click the links below to learn more now!
Website: https://snowfallprotocol.io
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
