XRP and Chiliz (CHZ) are large-cap cryptocurrencies that rank in the top 100 in market capitalization. However, their recent performance has put their market dominance in jeopardy. Chiliz (CHZ) dropped out of the TOP 50 table a few days ago. Chiliz (CHZ) has lost more than 50% of its value in the last three months despite soccer’s biggest event, the World Cup. XRP has also shed over 44% in the past year. The SEC’s legal battle with XRP has been one of its most significant stumbling blocks, causing XRP to fall 88% from its all-time high.
While the anticipated Chiliz (CHZ) price increase during the World Cup did not occur, and XRP remains in free fall, investors have been looking for alternative cryptos to invest in. Among them is the Snowfall Protocol (SNW).
What Is Snowfall Protocol?
Snowfall Protocol (SNW). is a multi-chain interoperability protocol that allows for secure asset transfers as well as cross-chain transactions between blockchains. Snowfall is the first of its kind to enable fungible and non-fungible tokens to be transferred across EVM and non-EVM compatible chains. Snowfall Protocol aims to be a fast, transparent, and low-cost asset exchange platform. The following is a screenshot of Snowfall Protocol’s dApp, as shared by the Snowfall team in their rapidly growing telegram community (SNW ARMY):
Snowfall dApp will facilitate asset swaps.
Snowfall Protocol (SNW) has also created a powerful mobile app with Web3 compatibility and high security to help you manage your crypto trading and overall web3 experience while on the go.
Snowfall Protocol (SNW) native token, the SNW token, will be used for both governance and staking. Based on the amount staked and the blockchain, the Snowfall Staking pool will reward stakers with annualized returns of around 14%.
Snowfall Protocol’s Presale Performance
Snowfall Protocol (SNW) token price has risen from $0.005 when the first round began to $0.14 today, with the official launch only two weeks away. The price increase of Snowfall Protocol corresponds to market acceptance and investor deposits and is driven by the platform’s unique interoperability model. The second round sold out a day early following the release of the dApp prototype. Snowfall Protocol also closed the round at $3 million.
Snowfall’s price performance has continued to impress in the third round. Snowfall Protocol (SNW) will launch in January at $0.2 if all tokens sell out, which is almost certain.
Last Thoughts
The cryptocurrency market is extremely volatile, and we cannot predict the future with any certainty. However, one thing is certain going into 2023: Snowfall Protocol (SNW) will easily outperform Chiliz and XRP.
Snowfall’s presale is almost over, and this is your last chance to purchase Snowfall tokens at a discount!
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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Source: https://www.thecoinrepublic.com/2022/12/25/xrp-and-chiliz-will-bow-to-snowfall-protocol-in-2023-find-out-why/