The crypto market is growing at an unprecedented rate, with some of the most well-known cryptocurrencies seeing massive gains in value over the past year or so. However, not all cryptocurrencies are created equal – there are a number of blockchain projects that have failed to live up to expectations, while others, like Snowfall Protocol (SNW), offer unique benefits that make them superior choices over some well-known options.
In this article, we’ll take a look at why Snowfall Protocol (SNW) is better than Filecoin (FIL) and Chainlink (LINK), which are two of the most popular blockchain projects on the market.
Over 24 million Chainlink (LINK) tokens claimed in 2 days
In just two days of Chainlink’s staking pool session, the community allotment of 24.27 million tokens was claimed, making this the largest staking pool in the history of Chainlink (LINK). The goal of Chainlink’s (LINK) new staking effort is to ensure that the Ether price feed, which the project provides, remains reliable. Chainlink’s LINK tokens are used as collateral in the system, with participants and node operators promising to hold onto their tokens in exchange for 4.75% annualised rewards. While the cryptocurrency markets are currently trapped in crypto winter, the enormous interest in Chainlink’s (LINK) new staking attempt demonstrates that some investors and consumers are still keen to deposit money into digital-asset ventures. As for Chainlink (LINK), it has fallen in value by 65% this year alone, with a 10% drop occurring just this past month. Within the past week, the value of Chainlink (LINK) has decreased by 1.87%. The price of Chainlink (LINK) has dropped 88.90% from its all-time high of $52.88. Chainlink (LINK) is currently trading at $5.89.
Filecoin (FIL) price decreases despite consistent development news
The Filecoin (FIL) community, in conjunction with Tableland, just announced Filecoin Chair, a program that will provide additional resources and financing to groups developing use cases that include both technologies. Applying for the Filecoin Chair position in Pilot Program 3, which begins on January 23, 2022, is open to teams interested in creating unique concepts that integrate Filecoin’s (FIL) premier decentralised storage solutions with Tableland’s permissionless relational database. However, Filecoin’s (FIL) current price charts are not very hopeful. As time has progressed, Filecoin’s (FIL) value has steadily dropped. There were growing doubts about Filecoin’s (FIL) usefulness, which accelerated the selling pressure. Filecoin’s (FIL) value has dropped due to buyers’ scepticism regarding the network’s viability. For the first time since it started, Filecoin (FIL) hit a low of $2.95. Since its peak, Filecoin (FIL) has lost more than 98% of its value, leaving it with a market valuation of around $1 billion.
Snowfall Protocol (SNW) gains traction from its price gains
The presale phases of Snowfall Protocol (SNW) have been so successful that they have been talked about on almost every big crypto platform so far, and received the support of many industry leaders. However, this new cryptocurrency has just entered the market, and has a long successful future ahead. Snowfall Protocol (SNW) is increasing in value as its release date approaches. Phase 2 of Snowfall Protocol (SNW) was a smashing success as it raised over $3 million in total, and sold 100 million tokens, concluding a day early from its schedule.
Furthermore, compared to its price in stage 2, its value of $0.14 is currently 250% higher in the last few days of stage 3. Snowfall Protocol (SNW) has been designed by industry experts to facilitate simple yet effective communication across blockchains. Users can now transact between the most popular blockchains, with ease, on a single platform provided by Snowfall Protocol (SNW). Analysts predict that Snowfall Protocol (SNW) has great potential to become the next 1000x token, making it a smart investment.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
