The current situation of the crypto market indicates that a lot of things will change this year. For example, Bitcoin, the most popular cryptocurrency, is hitting a new high in a long time. While that may not seem surprising, there are relatively more minor projects in close competition with Bitcoin.
Shiba Inu (SHIB) and the Snowfall Protocol (SNW) seem to be getting more traction than Bitcoin. Why are these coins on the uprising trend?
Shiba Inu is set to scale higher
Most crypto investors view Shiba Inu (SHIB) as either a meme coin or a copy of Uniswap. Shiba Inu has had a hard time breaking through the noise of the thousands upon thousands of other cryptocurrencies competing for users’ attention on the internet.
However, in the following months, the team behind Shiba will likely release some updates, which may result in short-term increases for the cryptocurrency. In contrast to most meme coins, Shiba Inu can be used as a payment and even staked for rewards giving more practical value.
It might be time for Shiba Inu holders to celebrate, as the future of this cryptocurrency looks to be much more promising. Shiba Inu is releasing its virtual world, in which owners of Shiba Inu can connect, explore the Shiba Inu universe, and even win rewards.
Bitcoin set to improve performance
The most popular and valuable cryptocurrency has not been able to live up to its reputation in the past year. Last year has been a disappointing one for bitcoin investors and holders. It even got worse after the FTX crash. However, Bitcoin is beginning to pick up again, inspiring many investors that it’s back in action.
Over the years, Bitcoin has suffered many crashes, and it has bounced back all the time. And it is doing that again now. According to Coinmarketcap, it is trading at slightly over $22,000 and is set to be higher.
Snowfall Protocol (SNW) is on its way to becoming $1
The cryptocurrency community has been buzzing with enthusiasm and news of the excellent performance of Snowfall Protocol (SNW) over the past several weeks. Towards the end of 2022, Snowfall Protocol (SNW) held its launch event, a tremendously successful presale session. In fact, it was one of the most successful crypto pre sales last year. The use case that drives the development of Snowfall Protocol is to increase interoperability throughout the crypto-verse.
Experts believe that Snowfall protocol (SNW) has the potential to deliver an ROI that is greater than 1000x its initial investment. By the third sale, it had grown to $0.395. Analysts now think Snowfall Protocol (SNW) will increase by 5,000% in 2023. If they’re right, that will send the token price above $16.
Also, Snowfall Protocol (SNW) might reach $1 by the end of this quarter if everything goes well. As an investor, you may want to add Snowfall Protocol (SNW) to your portfolio. The cross-chain bridge links several blockchains together to make a kind of internet of blockchains. As more cryptos are added to Snowfall Protocol’s bridge, its value will skyrocket.
Find out more about the Snowfall protocol:
Presale: https://presale.snowfallprotocol.io
Telegram:https://t.me/snowfallcoin
Website:https://snowfallprotocol.io
Twitter:https://twitter.com/snowfallcoin