Place/Date: – January 27, 2023 at 5:24 am UTC 4 minute read
Source: Snowfall Protocol
On the back of muted bounces and large market caps with large floats, Tron (TRX) and Litecoin (LTC) investors are looking to diversify or migrate elsewhere entirely. SNW, the Snowfall Protocol token, will be your preferred destination. Snowfall Protocol (SNW) is building a cross-chain platform that not only expands existing blockchain applications, but also eliminates the need for various flawed intermediaries built on Tron and Litecoin. Snowfall Protocol (SNW) is leveraging the experience and 10 years of blockchain experience across its entire team, which has worked tirelessly to strengthen the project’s base product while solidifying its market presence. Meanwhile, the native SNW token is increasingly attracting investors from competitors like Tron and Litecoin as it navigates areas where both projects fell short. Furthermore, Snowfall Protocol (SNW) presents a better alternative to TRX and LTC as it is a newer project with much higher growth potential than its peers.
Tron (TRX)
In recent years, Tron (TRX) has been impressive. Its token, TRX, rode the waves of layer 1 blockchain speculation in 2021, benefiting greatly from the cheap fees it charged and strong adoption by Tether USDT users. Tron (TRX) was also heavily supported by its founder, Justin Sun, a crypto OG with a wide network of influence in crypto circles. TRX token surpassed 600% in 2021.
New decentralized applications (dApps) were being developed, while dApps on other blockchains were also migrating to Tron (TRX) due to cheaper fees and massive developer campaigns. In 2022, the token is down just 27%, compared to the overall market average of 60%. As the market recovers in 2023, Tron (TRX) is up a modest 13% in the first month of the year. Although this may sound impressive, it is relatively low compared to its peers, which is why most investors are now leaving it for high-flying tokens like Snowfall Protocol (SNW).
Litecoin (LTC)
Litecoin (LTC) was one of the first altcoins inspired by Bitcoin. The Litecoin (LTC) project addresses the need for trustless payments and has created a blockchain to facilitate it. The blockchain token, LTC, is a peer-to-peer internet currency that enables instant, almost zero-cost payments to anyone around the world. The price of LTC increased by more than 300% in 2021 as more and more public services were introduced and Digital Currency Group (DCG), one of the largest cryptocurrency conglomerates, got rid of it. The LTC token currently sits at $90, but its inability to attract broader adoption despite being early in the game discourages investors from sticking with their bets. Many Litecoin (LTC) investors, including DCG, are now quietly exploring other investment options, and Snowfall’s SNW has caught the attention of many.
Snowfall Protocol (SNW)
The Snowfall Protocol (SNW) was born out of the need to enable the transfer of assets through blockchains. Most digital assets are subject to certain standards that are particular to specific blockchains and therefore cannot be shipped outside of these blockchains. Most projects have tried but have yet to create a bridge to send assets across these blockchains. Snowfall Protocol (SNW) seems to have solved that puzzle with bundled transfers and resource efficient tools that make these transfers possible. The SNW token is well prepared for an incredible year ahead. Its first pre-sale attracted many big-name players and the token price more than doubled. This final pre-sale is ongoing and will close prior to the protocol launch on February 3rd. No one would want to miss out on this opportunity and not you. Buy some SNW tokens by signing up here!
Get in while you can and invest in Snowfall Protocol (SNW) today!
For more information on the Snowfall Protocol, visit: Presale, Website, Telegram, Twitter.
Disclaimer: Coinspeaker is not responsible for the reliability, quality, or accuracy of any material on this page. We recommend that you do your own research before making any decisions regarding the products/companies featured in this article. Coinspeaker is not responsible for any loss that may be caused due to your use of the services or goods featured in the press release.
