Crypto investors are breathing a sigh of relief in 2023 as the crypto market continues to register improvements across the board. This week’s gains are led by Snowfall Protocol (SNW), Aptos (APT), and Dogecoin (DOGE).
While Aptos and Dogecoin are mainstream cryptocurrencies, Snowfall Protocol (SNW) is still in the early stages (presale), making it a big deal to be listed among the titans. Even better, Snowfall Protocol (SNW) outperforms Aptos and Dogecoin in gains.
Snowfall Protocol (SNW) is a multichain interoperability protocol that allows for secure asset transfers and cross-chain transactions between blockchains. It is the first cross-chain transfer ecosystem that allows users to transfer both fungible and non-fungible tokens across EVM and non-EVM chains.
So, why are Aptos, Dogecoin, and Snowfall Protocol on the rise this week?
Aptos Price Heading to The Moon Following PancakeSwap Vote
Since PancakeSwap’s community voted in support of a proposal to continue the DEX’s multichain efforts on the Aptos blockchain, the price of Aptos token (APT) has been soaring.
The proposal, which received a 97% yes vote, noted that PancakeSwap had 14 farms deployed on Aptos, with APRs comparable to or higher than offerings from other Aptos DEXes. Following the vote, PancakeSwap will continue and expand on its Aptos deployment. PancakeSwap has recently risen to become the top Aptos blockchain DEX.
The price of Aptos has jumped by more than 40% in response to this development and continues to rise. Aptos is a layer 1 PoS chain that has steadily grown and established itself as a competitor to Ethereum.
Dogecoin Jumps More Than 20% On the Week
Dogecoin has recovered 8% on the day and 21% on the week, mirroring the trend of the broader crypto market. Dogecoin previously surged in late 2022 in response to Elon Musk’s acquisition of Twitter and subsequent rumors of the coin’s integration as a payment method on the social platform.
However, the long silence on the subject, combined with Elon Musk’s recent decision to step down as CEO of Twitter, sunk Dogecoin’s hopes and, as a result, its price. This, combined with the ecosystem’s extended bear run, wiped out the gains Dogecoin had made after the acquisition.
Dogecoin has long been criticized for having no real-world applications. The cryptocurrency was created as a joke coin, and whales have frequently used it to run pump-and-dump schemes due to its lack of intrinsic value.
Snowfall Protocol Leads the Pack with A 500% Increase—$0.2 Soon!
Snowfall Protocol (SNW) has continued to reign supreme this week, clocking milestone after milestone. Snowfall’s price is currently $0.191 in the final round of the presale campaign and is expected to launch on February 3 at $0.22.
Snowfall Protocol (SNW) began presales in Q3 2022 at $0.01, and the price has been rising as more investors flock to the protocol. Snowfall Protocol (SNW) main selling point has been its unique interoperability mechanism. The official launch of Snowfall Protocol (SNW) will coincide with the release of the Snowfall dApp feature. Snowfall Protocol (SNW) dApp is a cutting-edge technology that will enable users to swap fungible and non-fungible assets for the first time across EVM and non-EVM chains. Snowfall Protocol (SNW) Telegram community has already received a working prototype of the dApp:
Snowfall Protocol (SNW), which is currently 500% up in the first two weeks of 2023, will have its first listing on PancakeSwap when it launches early next month. Snowfall Protocol (SNW) has been endorsed by market analysts as a must-buy in 2023. Snowfall Protocol (SNW) is expected to reward early investors with up to 5000% returns in 2023. Act quickly and get your Snowfall tokens before the final round sells out. Presale is available
For more information on Snowfall Protocol, visit:
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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Source: https://www.thecoinrepublic.com/2023/01/18/solana-killer-aptos-jumps-41-in-24-hours-following-pancakeswap-vote-to-continue-multichain-deployment-on-the-network-dogecoin-is-up-too-as-the-market-continues-to-recover-and-snowfall-protocol-con/