With the increasing significance of utility-based crypto projects, various meme coins are upgrading their technology or practical offerings to remain relevant. Shiba Inu (SHIB) community is preparing the launch of Shibarium, the layer-2 upgrade of the traditional Shiba Inu ecosystem. Similarly, Dogecoin (DOGE) has shown a bullish trend through the past week, leaving investors hopeful. However, experts and investors are vouching for the immense growth of Snowfall Protocol (SNW), which is currently in the final presale phase. Read on to understand why the upcoming months look promising for these crypto projects.
Dogecoin (DOGE) tops the list of Social Engagements
According to the latest report published by the crypto social intelligence platform LunarCrush, comparing social engagements of top crypto tokens, Dogecoin (DOGE) has topped the list. Launched as a ‘meme coin,’ born out of the Internet culture, Dogecoin (DOGE) gained popularity as a fun, light-hearted cryptocurrency. After its humble beginnings, Dogecoin (DOGE) became the internet’s most preferred reward token, perpetually used on Reddit and Twitter.
Dogecoin’s primary utility token, DOGE, is currently trading at $0.08, projecting a 1.35% growth in the past 24 hours. However, the current price is approximately 80% lower than the ATH price of $0.74, as seen in May 2021. According to technical analysts, Dogecoin’s (DOGE) positive price trend is expected to continue for a few days. However, Dogecoin (DOGE) may not be the best choice for investors seeking manifold gains in the crypto network.
Shiba Inu (SHIB) ready to launch Shibarium
Launched anonymously as the ‘Dogecoin Killer’ in August 2020, Shiba Inu (SHIB) is another light-hearted, dog-themed cryptocurrency that aims to be an Ethereum-based counterpart to DOGE’s Scrypt-based mining algorithm. Shiba Inu’s (SHIB) developer confirmed through a tweet that their Layer-2 protocol, Shibarium, has entered the Beta testing phase. Moreover, Shiba Inu (SHIB) has entered a new partnership with the SaaS giant Wix, which will accept payments through Shiba Inu (SHIB) and 70 other cryptocurrencies.
Shiba Inu’s native token, SHIB, is trading at $0.00001042, showing a whopping 10% rise in the past 24 hours. Despite the growth, SHIB is trading approximately 88% lower than the ATH price of $0.000088, as seen in October 2021. Experts are optimistic about Shiba Inu’s (SHIB) bull rally in the short term. Only time will tell if Shiba Inu’s (SHIB) layer-2 ecosystem, Shibarium, will sustain long-term price growth.
Snowfall Protocol’s (SNW) astronomical presale about to end
Snowfall Protocol (SNW) is crypto’s first multi-chain transfer ecosystem that supports asset transfers across popular EVM and non-EVM compatible chains. By removing the technical barriers to interoperability, Snowfall Protocol (SNW) aims to make inter-chain communication simple, quick and hassle-free. Snowfall Protocol (SNW) capitalizes on Stable-coin and NFT bridges to allow smooth transfer of USDT, USDC, BUSD, or other stablecoins, and NFT assets across chains, using canonical token bridging and autonomous swaps. Moreover, Snowfall Protocol (SNW) offers staking benefits for investors participating in monthly raffles, consequently earning fees or more tokens from the bridges.
Overall, Snowfall Protocol (SNW) is the premier crypto ecosystem that paves the way for infinite interoperability, inclusivity, and untroubled communication among multiple blockchain networks. Snowfall Protocol is sustained through the native governance token, SNW, which has experienced a 500% rise through the presale. Initially launched at $0.008, the SNW token has hit $0.182 through the presale. The final presale stage is scheduled to end in February 2023. Experts are optimistic of 1000x returns from Snowfall Protocol (SNW) in the upcoming months, making it an ideal time for investors to jump in and enjoy maximum benefits.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
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