Wednesday proved to be another mixed day for the crypto world. TerraClassicUSD (USTC) registered an impressive 14.5% jump, while Aptos slumped by 4.6%. Most of the major cryptocurrencies fall somewhere between the two.
There were a few exceptions, like Snowfall Protocol (SNW), which registered a 64.6% growth in a single day, but it’s still a long way from the top 50 tokens in the market. Here are some tokens that stand out in today’s markets.
Lido (LDO)
Lido (LDO) is a liquid staking solution for Ethereum, which has undergone tremendous transformations over the years. Lido (LDO) supports a wide variety of cryptos, has no minimum staking requirement, and offers attractive returns. Lido (LDO) users can unstake their crypto anytime they like without any restrictions. Users get derivative tokens for staking their cryptos, which essentially allow them to use their funds while making their cryptos available for liquidity pools.
Originally, 64% of Lido’s (LDO) tokens were helped by its founders. Their tokens were locked for 1 year from the launch date of the platform. At the end of the period, their Lido (LDO) were set to be vested in a staggered manner. This process has begun now. For this reason, Lido (LDO) is experiencing rapid growth in its transaction volume. In fact, the last time Lido (LDO) experienced such a sharp increase in volumes was precisely 12 months ago, when the cryptocurrencies peaked in value. So, expect more green days for Lido (LDO) in the coming weeks.
Kava (KAVA)
Kava (KAVA) takes a unique approach to De-Fi. Kava is a layer-1 blockchain that combines the benefits of two different blockchains. Kava (KAVA) utilizes a co-chain architecture to take advantage of the benefits offered by both Cosmos (ATOM) and Ethereum (ETH). Users can enjoy the speed and interoperability of Cosmos (ATOM) c-chain and the Ethereum (ETH) blockchain smart contracts on Kava (KAVA). Developers can build dapps on either blockchain, enabling them to operate seamlessly between the two blockchains.
Kava (KAVA) offers several benefits to users. Kava (KAVA) has everything – a stablecoin mint provides financial services like lending and borrowing, a decentralized exchange, and a native governance token. Kava has implemented an enviable, fully decentralized, and transparent incentive mechanism that rewards developers for contributing to the platform. Its growth of 4.2% is part of an emerging trend.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) clocked in enormous gains on decentralized exchanges this past week, culminating in a 78.3% jump in its value yesterday. At its current price of $0.065, Snowfall Protocol (SNW) is still considered a bargain for investors. It’s expected to rise by at least another 3,000% by the end of the year. Going by the current trend, Snowfall Protocol (SNW) will likely achieve that growth well before the year-end.
Interestingly, Snowfall Protocol’s (SNW) growth does not come at the expense of others. Snowfall Protocol (SNW) intends to connect all blockchains, NFT ecosystems, Game-Fi platforms, and other projects in the crypto world with each other, allowing the transfer of information, funds, and assets between them. Snowfall Protocol (SNW) is the mother of all crypto projects.
WEBSITE: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin