One of the most disastrous years for cryptocurrencies is heading to a close in a month. Investors could hope the new year could mean new tidings, maybe even recovery.
However, veterans know that a month is a lifetime in the crypto universe. In an industry where cryptos gain or lose 10% to 20% of their value in a single day, a month from now is a whole another animal – one that none of us may recognize.
If some analysts had predicted that the biggest blockbuster crypto of 2022 would be a newcomer, people would have laughed at him. Yet, Snowfall Protocol (SNW) is leaving behind established cryptos in terms of locked value and daily transaction volume. So, it’s hardly a surprise that Snowfall Protocol (SNW) is displacing other newcomers like Flasko and Big Eyes (EYES) as well.
Flasko (FLSK) is another milestone in decentralized finance and investments. Flasko is the first platform to make it possible for retail investors to invest in vintage whiskeys, wines, and champagnes. Typically, these investments are blocked to a select few high-net-worth individuals, but Flasko is allowing everyone the opportunity to enter the industry. Flasko stores the liquor bottles in well-protected, bonded, and insured locations and lets them age using time-tested methods. Flasko token users can buy NFT tokens on the platform that give them partial or complete ownership of these bottles.
Since the Flasko tokens and NFTs are based on a real-world asset that’s almost guaranteed to grow with time, Flasko is a good investment in theory. Naturally, whale investors (once again HNIs) have been very interested in what Flasko has to offer.
Big Eyes (EYES)
Big Eyes (EYES) is the latest meme coin in the market, and it has created a lot of buzz in the industry for several reasons. However, Big Eyes intends to be more than just a meme coin. It allows users to buy and sell NFTs on its platform. Big Eyes transactions are processed superfast. But the most attractive aspect of Big Eyes to users is its transaction fee – ZERO. So, Big Eyes has generated a lot of early interest in its token. Interestingly, Big Eyes also intends to give away 5% of its token supply to ocean-saving initiatives. So, the higher its value, the more money ocean-saving initiatives will have at their disposal.
While there are many reasons to like Big Eyes, its stubborn refusal to charge its users any transaction fee is worrying investors. Recently, investors have started questioning the viability and sustainability of Big Eyes in the long run. That’s when Snowfall Protocol (SNW) hit the market.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) has a simple mandate: To connect multiple cryptocurrencies to its bridge and make interoperability a reality. Currently, if you want to move your funds or assets from one blockchain to another, it’s impossible; at least, you cannot do it easily. Snowfall Protocol (SNW) intends to change that. Snowfall Protocol wants to make it possible for users to move their crypto assets between any blockchains of their choice. A crypto gamer, for instance, could use Snowfall Protocol (SNW) to use their Decentraland character to play games in Sandbox without encountering any problems.
In simple words, Snowfall Protocol (SNW) wants to bring down all the barriers that exist in the crypto world and create one, big metaverse. As the Snowfall Protocol (SNW) cross-chain bridge takes form, the SNW token keeps making huge leaps in value. By mid-2023, Snowfall Protocol (SNW) is expected to grow by a whopping 1,000x. So, whale investors are dropping everything else to flock to Snowfall Protocol (SNW) in droves.
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