Bear markets are excellent for ecosystem development, as Snowfall Protocol (SNW), Polygon (MATIC), and Shiba Inu (SHIB) have demonstrated. Snowfall Protocol (SNW) has recently launched its highly anticipated DEX, Polygon has undergone a hard fork, and Shiba Inu’s Shibarium layer-2 network is coming soon. In this article, we’ll explore what these developments mean for their respective ecosystems.
Polygon Hard Fork Will Enhance Network Performance and Boost MATIC Price
Most Shiba Inu Holders Are Still in The Red Despite Shibarium-Induced Rally
Investors Are Apeing Following Release of Long-Awaited Snowfall DEX
Snowfall DEX facilitates a secure and transparent transfer of assets across the most widely used Ethereum Virtual Machine (EVM) and non-EVM compatible chains. Users can easily use any token address to swap with another token.
The release of Snowfall’s dApp has increased interest in Snowfall Protocol and its native token, (SNW). Investors are pouring into the protocol to get a piece of the less than 15% remaining presale tokens before they are all gone.
Snowfall Protocol (SNW) is your one-stop shop for interoperability and cross-chain communication. It is the first cross-chain bridge for crypto assets and NFTs. Users can exchange stablecoins, bridge assets, stake assets, wrap NFTs for cross-chain swaps, and transfer their assets to any cryptocurrency all in one place.
Snowfall’s unique use case has been a key price driver during the protocol’s presale campaign and is expected to continue pushing it even higher after launch. Snowfall Protocol (SNW) goes live on February 3 with the first listing on PancakeSwap. According to post-launch technical analysis, Snowfall Protocol will easily return 1000% to 5000% returns in 2023. In January alone, Snowfall Protocol (SNW) is up 500% and currently going for $0.191. The launch price will be $0.22 so the current price is a bargain. Take advantage of the discounted price and invest in the next big thing today
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Source: https://coinpedia.org/press-release/snowfall-protocol-releases-much-anticipated-dex-feature/