Place/Date: - October 21st, 2022 at 10:46 am UTC · 3 min read
The crypto market has been largely uneventful for the past few months. All the major cryptos have been trading between ranges for the better part of the year. While long-term investors have always rued crypto volatility, crypto traders fell in love with it right from day one.
Many crypto traders have used the volatility of crypto markets to make handsome returns in trading. However, with the markets ranging for several months, they are forced to look for better opportunities. The hunt for the next 1,000x coin has only gotten more heated. And, it appears that crypto analysts have narrowed down the list of candidates to three – BitTorrent (BTT), Snowfall Protocol (SNW), and Fantom (FTM).
BitTorrent began as the beloved torrent client. That is until TRON purchased BitTorrent in 2018 and turned it into a massive De-Fi project with its own native cryptocurrency. BitTorrent has an illustrious history of fighting giant corporations because of its unyielding stance on the legality of its P2P file sharing platform. It’s only natural that BitTorrent would become one of the major De-Fi projects that rival Trad-Fi systems worldwide.
BitTorrent Tokens have practical utility for users. Users of BitTorrent can use the BTT token to pay other users to make their files available for download. In one fell swoop, BitTorrent allowed every use of BitTorrent to make BTT without installing special hardware or software. This level of convenience has made BTT a popular and widely used token. With rising prices of streaming services, growing censorship, and rising costs of education, the utility of BitTorrent will continue to rise and push the value of BTT up.
Fantom (FTM) is a layer-1 blockchain offering a superior alternative to popular smart contract cryptocurrencies in the market. While the biggest platforms struggle to manage their transactions, often taking several minutes and hundreds of dollars’ worth of coins in fees, Fantom is charting its own path. Fantom is designed to be a highly scalable platform. It can process thousands of transactions in 1-2 seconds and charges a fraction of what the big cryptos do. Since Fantom is open-source, it has decentralization baked into it, earning the high trust of crypto users who have been burnt several times by centralized crypto projects.
The fact that Fantom has managed to raise $40 million to fund its development speaks volumes about investor trust in this new platform. Currently, institutions have largely stayed away from Fantom. Once they take note of it, Fantom’s native token FTM will break out. Fantom is one of the top contenders for the spot of the next 1,000x altcoin.
Snowfall Protocol (SNW) is a cross-chain bridge that seeks to connect blockchains with one another. The need for a fast, scalable, and secure bridge connecting multiple blockchains has never been greater. The latest bout of hacks in the crypto world, especially on blockchain bridges, has reinforced the importance of a secure bridge. Snowfall Protocol (SNW) offers precisely that. Snowfall Protocol (SNW) takes a security-first approach to cross-chain bridges, which has earned it the attention and interest of the entire De-Fi world.
Recently, Snowfall Protocol (SNW) launched its coin presale, and its tokens were already selling at a 30% premium in the Grey market at the beginning. Today, they are already up by 100% at $0.009 and are expected to appreciate in value by as much as 5,000% before the ICO launch.
For more information about Snowfallprotocol visit: Website, Presale, Telegram, Twitter.
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