With around 10,000 cryptocurrencies actively trading in the market and more debuting every day, it is safe to say that the crypto-verse is thriving.
While the market is volatile, it still creates value for its holders. However, with the growing number of cryptocurrencies, it is becoming more and more difficult to pick out winners for a portfolio. Cryptocurrencies like Dogecoin (DOGE) and Quant (QNT) are on the radar, as is a new cryptocurrency, Snowfall Protocol (SNW).
Here is everything you need to know about cryptocurrencies that could be promising this season.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) has attracted the crypto community’s attention because of its primary use case – compatibility. It allows users to move data across blockchains, link applications, and create a richer user experience.
As the crypto universe has evolved, it has seen a rising demand for the compatibility of blockchain communication. The industry has welcomed blockchains offering the use case with open arms. So, it seems almost evident that Snowfall Protocol (SNW) has been performing well. In fact, Snowfall Protocol (SNW) was launched at 50 times its presale price.
Snowfall Protocol (SNW) is a new cryptocurrency with the interest of users. Despite a bearish market, it has been able to create monetary value for its holders. It is still in its growth stage, so the prices can only ascend. The greater confidence in the asset and the robust performance of Snowfall Protocol (SNW) in the market signals that it could become a formidable crypto asset.
The best meme coin out there, Dogecoin (DOGE), skyrocketed to the top of the crypto charts when Elon Musk tweeted about it. Dogecoin (DOGE) can be used for exchange and is accepted across hundreds of online businesses and stores. It is used chiefly to tip social media influencers. So, it has comfortably established itself as a payment method. This has lent Dogecoin (DOGE) real-world value, meaning more market interest and better returns.
Apart from Elon Musk, Dogecoin (DOGE) enjoys enormous support from its community. Even during rough times, the coin has surprisingly remained stable. The Dogecoin (DOGE) hackathon is also predicted to have a huge positive impact on the price of the coin.
The Overledger technology of Quant (QNT) crypto sets it apart from other similar coins in the market. Quant (QNT) serves as a link among blockchains. So, it enables the quick and secure transfer of smart contracts, NFTs, data, and more using API. All its products are protected by patent as it is a closed-source project.
Even during the current volatility in the market, Quant (QNT) has maintained a steady upswing. The coin’s social activity, including mentions, contributors, and engagements, has been increasing for the past six months.
As markets swing vigorously, you must keep your portfolio secure and buffered. Snowfall Protocol (SNW), Dogecoin (DOGE) and Quant (QNT) are all well-known coins. Market interest, price changes, and potential applications all point to a potentially lucrative market for these assets.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.