Place/Date: - December 25, 2022 at 13:16 UTC 3 minute read
Source: Snowfall Protocol
Snowfall Protocol (SNW) is a multi-chain interoperability protocol that has recently gained traction in the cryptocurrency ecosystem. Snowfall Protocol (SNW), which is still in its pre-sale phase, is proud to be the first cross-chain ecosystem to support the transfer of fungible and non-fungible assets through both EVM and non-EVM compliant chains.
Snowfall Protocol (SNW) it aims to remove the barriers that currently prevent cross-chain communication, such as between the Ethereum and Bitcoin networks. It is laying the groundwork for future cross-chain communications, with the intention of giving everyone the same opportunity to more seamlessly interact with their favorite projects.
Snowfall's pre-sale campaign has been a success so far. In December alone, the price of Snowfall (SNW) tokens jumped from $0.075 to $0.14. Snowfall Protocol (SNW) was valued at $0.005 when the pre-sale campaign began, and if all tokens are sold, the launch price will be $0.2.
By closing out the second round, Snowfall Protocol had raised $3 million. This round also sold out a day early. Snowfall Protocol (SNW) is expected to return up to 1000x after launch and 5000x during the Bitcoin Halving rally in 2024.
What are Polygon and Cardano, and what does Snowfall Protocol's comparison to them mean?
Polygon (MATIC)
Polygon, formerly known as the Matic network, is a layer two scaling solution that runs alongside the Ethereum blockchain. Ethereal. Polygon seeks to provide faster and less expensive transactions on Ethereum using Layer 2 sidechains, blockchains that operate in addition to the main Ethereum chain. MATIC, the native token of the network is used for fees, betting and other purposes.
Polygon is currently trading at $0.792077 with a 24-hour trading volume of $197.35 million. This represents a decrease of 0.11% in 24 hours.
Polygon is ranked 10th on CoinMarketCap with a live market capitalization of $6.9 billion. It also ranks 3rd in the Proof-of-Stake coin category, 2nd in the Ethereum (ERC20) token category, and 1st in the Layer 2 category.
Polygon's all-time high was $2.91 on Dec 27, 2021. The lowest price since this ATH is $0.322074.
Cardano (ADA)
Cardano is a proof-of-stake (PoS) blockchain platform that uses smart contracts to run decentralized applications. It is meant to be a versatile, durable, and scalable blockchain platform for running smart contracts. Cardano seeks to address the scalability issues typical of most “second generation” blockchains like the Ethereum experience. Cardano is one of the largest blockchains that successfully employs the Proof-of-Stake (PoS) consensus mechanism which consumes much less power.
Cardano's current price is $0.250681, with a 24-hour trading volume of $204.9 billion. Cardano has returned 3% in the last 24 hours. Cardano is currently ranked 9th on CoinMarketCap, with a market capitalization of $8.6 billion. It also ranks second in the Proof-of-Stake coin sector and sixth in the Layer 1 sector.
Cardano reached an all-time high of $3.10 on September 2, 2021. The lowest price since this ATH is $0.248553.
last thoughts
As can be seen, both Polygon and Cardano are top performers in their respective industries. Even during the worst bear market conditions, their long-term utility and viability keep them attracting new investors. The fact that market analysts compare Snowfall Protocol (SNW) to them while it is still in its early stages says a lot about the potential of the project. The fact that they believe Snowfall Protocol (SNW) will join Polygon and Cardano should serve as a wake-up call to move and invest in Snowfall today. snowfall presale it is still ongoing. Just visit!
For more information on the Snowfall Protocol, visit: Presale, Website, Telegram, Twitter.
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