The crypto market has continued to rise this week, with Snowfall Protocol, Polygon, and Chainlink performing exceptionally. Snowfall Protocol (SNW) has been steadily increasing in value since it began its presale campaign. This week, Snowfall Protocol’s price set a new all-time high of $0.12. What’s more, Snowfall Protocol (SNW) has raised over $3 million in the last month, seen a price increase of over 500%, and realized its utility value with the Snowfall dApp—more on this later.
Chainlink has gained 10% in the last week, while Polygon has recovered significantly from a brutal year and is now up 2% in the last 30 days. This guide will explain why Snowfall Protocol (SNW), Chainlink, and Polygon are the ideal ingredients for a winning portfolio in 2023.
Chainlink Is Well Worth the Hype
Projects that are all hype but have no substance are not uncommon in the crypto ecosystem. Chainlink is not among them. Chainlink is a valuable resource to the market. Chainlink aims to give smart contracts access to real-world data. In this way, Chainlink does not seek to compete with other cryptocurrencies but rather to advance the entire ecosystem through its proprietary protocols. For instance, Chainlink provides a decentralized means for DEXes to use oracles, giving it a firm and secure position in the market.
DeFi Boom Favors Polygon
Polygon is a scaling solution that is widely used in the decentralized finance space. Polygon’s primary goal is to promote crypto adoption by finding a solution to the scalability issues that plague Ethereum and other blockchains. With the continued rapid growth of the decentralized finance industry, most developers have integrated their dApps with the Polygon Network. Moreover, many institutions are taking advantage of the platform’s low fees to improve their transactions. This puts Polygon in a good position to perform spectacularly in 2023.
Platform Utility Positions Snowfall Protocol as A Long-Term Buy
Snowfall Protocol (SNW) aims to solve one of the most pressing issues confronting the blockchain industry— how to communicate from one blockchain to another. Specifically, from an Ethereum to a non-EVM compatible chain. This is currently not possible. But with Snowfall Protocol’s dApp launching in Jan 2023, users will be able to transfer fungible and non-fungible assets, say from Ethereum network to the Bitcoin network, without any issues.
The dApp is secure, trustless, and simple to use. This pioneering utility by Snowfall Protocol (SNW) will connect various blockchains into one interactive village, paving the way for future developments in the sector.Snowfall Protocol’s Presale is in its last presale round, and more than halfway sold out. Register today for up to 5000% returns: https://presale.snowfallprotocol.io
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Source: https://coinpedia.org/press-release/inspired-by-polygon-and-chainlink-snowfall-protocol-becomes-the-best-crypto-token-to-buy-going-into-2023/