Place/Date: – January 11, 2023 at 22:08 UTC 4 minute read
Source: Snowfall Protocol
Do you remember the amazing Dogecoin (DOGE) and Shiba Inu (SHIB) races in the spring of 2021? These tokens built strong communities that propelled them to stunning returns. Many new millionaires were minted while countless people were lifted out of poverty. These same communities are now positioning themselves on the next token that would get similar types of returns and most of them believe it is the Snowfall (SNW) Protocol. It’s time to follow the money, right?
Dogecoin (DOGE)
Although Elon Musk’s appearance on Saturday Night Live may seem like a distant past, sweet memories of green candles and the profits made from DOGE linger on investors’ minds. DOGE peaked at 15,500% in 2021 and closed the year at 35x in capital. The coin relied heavily on a loyal and dedicated community backed by Elon Musk, the then richest man in the world. Powerful voices shouted “DOGE to the moon” and got SpaceX to name one of its launch cubesats DOGE-1. At the time, Elon even promised to send a literal DOGE imprint to the moon. Dogecoin was initially created as a joke in 2013 and was based on the popular “Doge” meme, which features a Shiba Inu dog as a pet. However, it wasn’t until 2020 that Dogecoin attracted mainstream interest. He initially developed a utility as a means to tip people and pay for things on the Internet, especially on social media platforms like Reddit, Twitter, and Telegram. Soon, Elon Musk made it “legal tender” for SpaceX and Tesla merchandise, while Mark Cuban also accepted it for Dallas Mavericks accessories. His popularity skyrocketed and with it, the profits of early investors.
Shiba Inu (SHIB)
Everyone’s favorite meme coin of 2021, the Shiba Inu. A Dogecoin knockoff, it soon built a cult of personality that inspired millions of spin-offs like the Kishu Inu, Wakanda Inu, and the like. Shiba Inu was created in August 2020 by the pseudonym “Ryoshi” and soon became a household name in crypto. Although the market capitalization had been growing, the unit price of the token was in several decimal degrees and therefore seemed ridiculously cheap to average investors. People started bidding, and before long, money-savvy whales started piling in, too. The token price went up to a staggering 150000%+, beyond the wildest dreams of any free sleeper. Enthusiasm has mostly cooled at this point though, but the innovation began. More recently, in July of last year, the Shiba community went beyond the memes to launch a decentralized finance (DeFi) platform featuring a decentralized exchange (DEX) and passive income-generating services like staking, liquidity pools and yield agriculture in its ecosystem. ShibaSwap, as this platform is called, is a fork of SushiSwap, a popular DEX that is itself a fork of Uniswap (UNI), the world’s leading DEX by volume. But unlike its rivals, ShibaSwap’s main goal has been primarily to increase the utility of Shiba Inu tokens (SHIBs).
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a multi-chain interoperability protocol that facilitates secure asset transfer and cross-chain transactions between blockchains. The entire blockchain industry recognizes the need for a decentralized protocol that processes seamless transfers of coins and tokens, and investors have been getting involved early on in the Snowfall Protocol (SNW). Its features include a stablecoin bridge, an NFT bridge, and a cross-chain staking mechanism. Demand for Snowfall Protocol (SNW) is so high that it was completely sold out during the Stage 2 pre-sale and sale events. As the February 3rd launch date approaches, Snowfall Protocol (SNW) is rapidly attracting to the huge Dogecoin (DOGE) and Shiba Inu (SHIB) community bases as they look to continue their streak of phenomenal returns and this is exactly the point where anyone should want to get in. Fortunately, the fourth and final stage of the pre-sale phase is currently underway. Sign up here to start today!
For more information on the Snowfall Protocol, visit: Presale, Website, Telegram, Twitter.
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