Place/Date: - January 27th, 2023 at 5:24 am UTC · 4 min read
Source: Snowfall Protocol
On the back of muted rebounds and large market caps with large floats, Tron (TRX) and Litecoin (LTC) investors are looking to diversify or completely migrate elsewhere. SNW, Snowfall Protocol’s token, will be their most preferred destination. Snowfall Protocol (SNW) is building a cross-chain platform that not only expands the existing applications of blockchains but also eliminates the need for several faulty intermediaries built on Tron and Litecoin. Snowfall Protocol (SNW) is leveraging expertise and 10 years of blockchain experience across its team, which has relentlessly worked to strengthen the project’s base product while solidifying its market presence. In the meantime, the native token SNW is increasingly luring investors from competitors like Tron and Litecoin as it navigates through the areas where both projects fell short. Also, Snowfall Protocol (SNW) presents a better alternative to TRX and LTC as it is a newer project with a much higher upside potential than its peers.
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 a heavy adoption by users of Tether’s USDT. Tron (TRX) also enjoyed huge support from its founder, Justin Sun, a crypto OG with a wide network of influence across crypto circles. The TRX token surged above 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 declined by only 27%, compared to the broader market’s average of 60%. As the market recovers in 2023, Tron (TRX) has risen by a moderate 13% within the first month of the year. Although this might seem impressive, it is relatively low compared to peers, which is why most investors are now leaving it for more high-flying tokens like Snowfall Protocol (SNW).
Litecoin (LTC) was one of the first altcoins inspired by Bitcoin. The Litecoin (LTC) project addresses the need for trustless payments and has built a blockchain to facilitate that. The blockchain’s token, LTC, is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone worldwide. LTC’s price rose over 300% in 2021 as more and more utility was introduced and as Digital Currency Group (DCG), one of the largest cryptocurrency conglomerates, divested into it. The LTC token currently sits at $90, but its inability to attract wider adoption despite being early to 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 eyes of many.
The Snowfall Protocol (SNW) was born of a need to enable the transfer of assets across blockchains. Most digital assets are subject to certain standards which are particular to specific blockchains and, therefore, cannot be sent away from 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 cracked that puzzle with bundled transfers and efficient resource tooling that makes these transfers possible. The SNW token is well-poised for an incredible year ahead. Its first presale attracted many big-name players, and the token price rose over 2x. This final presale is ongoing and will close before the protocol launches on February 3rd. No one would want to miss out on this opportunity and not you. Purchase some SNW tokens by signing up here!
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
To learn more about Snowfall Protocol, visit: Presale, Website, Telegram, Twitter.
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