November 30th, 2022 at 5:29 am UTC · 3 min read
Cryptocurrencies have been gaining popularity over the past few years, with an increasing number of people looking to invest in digital assets.
However, many people are still unfamiliar with the crypto market and what they should invest in. In this article, we will give a brief introduction to the crypto market and explain why investing in a new token, Snowfall Protocol (SNW), may be a better choice than established players like GetKicks (KICKS) token or Shiba Inu (SHIB) token.
Since its launch in August 2020, Shiba Inu (SHIB) token has been one of the most popular cryptocurrencies. However, it has failed to live up to investors’ expectations. The key reason is that the supply of Shiba Inu (SHIB) tokens is constantly decreasing. Every time a user transfers Shiba Inu (SHIB) tokens to another address, 10% of the tokens are burned. Thus, eventually, there will be no more SHIB tokens in circulation. As a result, the price of Shiba Inu (SHIB) has been volatile and constantly declining since January 2021, slipping from 0.00007924 to $0.0000101 in the past year.
Another reason for the decline in Shiba Inu’s (SHIB) value is the lack of use cases for the token. The Shiba Inu (SHIB) token neither has any real utility nor is being used for any real transactions. This lack of utility makes it very difficult for Shiba Inu (SHIB) to maintain value in the long run. It is unclear whether Shiba Inu (SHIB) will be able to recover from its current situation.
The GetKicks (KICKS) token has been on a steady decline over the past few weeks and has reached new lows with its most recent drop. GetKicks’ (KICKS) price has declined by 76.57% from its 7-day high of $0.03366 and 8.07% from its 7-day low of $0.007297. GetKicks’ (KICKS) price drop has come as a shock to many investors, as the GetKicks (KICKS) token was previously thought to be a strong investment.
The GetKicks (KICKS) token is a utility token used to purchase goods and services on the GetKicks platform. GetKicks (KICKS) is a Web3 company with the mission of bringing sneakerheads into Web3 by producing a line of rare and fashionable 3D-Sneakers. However, the lack of updates from the GetKicks (KICKS) team has made investors question whether or not the project is still active, making it a risky investment.
Snowfall Protocol token (SNW), a new cryptocurrency, is quickly gaining popularity due to its unique features. Secure asset transfers and cross-chain transactions are made possible via Snowfall Protocol (SNW), which is a multi-chain bridge protocol. Snowfall Protocol’s (SNW) goal is to standardise inter-chain communication and enhance the security model for asset transfers. Most notably, Snowfall Protocol (SNW) token leaves behind other currencies in terms of speed and transaction costs.
Snowfall Protocol’s (SNW) distinctive interoperability concept has contributed to a 30% increase in early presale interest. By the time Snowfall Protocol (SNW) is released, its growth may have skyrocketed by 5000%, according to some analysts. Although now valued at $0.009, the price of Snowfall Protocol (SNW) is expected to grow substantially in the near future. Therefore, it is the best time to invest in this token and reap the huge benefits soon. Snowfall Protocol (SNW) is bound to succeed because of its unique infrastructure and concept.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.