In the intense competition in the crypto landscape, plenty of cryptocurrencies have emerged, only to fade away into nothing, along with their investor’s capital.
These are those that have limited utility to offer their users, whereas strong value propositions have stood the test of time. Two such names are Dogecoin (DOGE) and Waves (WAVES), which emerged and fluctuated based on market machinations.
Dogecoin is a dog theme meme coin made famous in cryptocurrency during the meme coin boom. DOGE was launched as a prank, but it quickly became one of the most popular cryptocurrencies it was parodying. It has little value to offer, and it seems to be popular because of this feature.
Dogecoin (DOGE) has a strong community that is always working on improving the coin. It shows the power of social media and hype that can damage people’s investments. It has little real value to offer in terms of crypto-based utility.
Waves coin aims to offer its users the multiple functionalities of decentralized finance (DeFi). It also aims to support its users in benefiting from DeFi at the same time by taking advantage of a user-friendly interface.
WAVES was launched as an ambitious multi-chain infrastructure project and as a competitor for Ethereum (ETH). Working on a Peer-to-Peer based model, Waves offers shared security of relay chains and parachains, including their governance. Its infrastructure supports many functionalities of staking and operability compared to meme coins like Dogecoin. However, the project doesn’t address the blockchain trilemma, as well as Snowfall Protocol (SNW) does.
Snowfall Protocol (SNW)
Snowfall Protocol is a multi-chain co-operability protocol. SNW allows for safe asset transfers and cross-chain exchanges between blockchains. It enables this as it is a DeFi-based Multichain staking platform with some of the best yields and competitive borrowing rates. Snowfall Protocol aims to reduce technical challenges to entry and offer all users the facility to use the best tools and skillsets to use and earn from their favorite blockchain projects.
Snowfall Protocol is receiving a lot of attention from discerning investors during its pre-sale because of the cross-chain bridge support it offers its users. Blockchains are isolated by structure, and SNW, with its cross-chain compatibility and bridge, will change this entire concept by supporting the easy communication of digital assets and other data between native blockchains.
This feature addresses the critical pain point for crypto users at present. Since there is no other platform that offers such compatibility, Snowfall Protocol is getting a lot of attention and emerging as a project for the long-term future and one that most investors are incredibly bullish on.
SNW will offer a pre-sale of 1,000,000,000 tokens for $0.009 for every coin. Snowfall Protocol allows participation in the token pre-sale open to everyone with interest. SNW aims to give users a quick and safe method to interact with the DeFi and cryptocurrency ecosystems.
Stage 2 of the presale began on November 2. Anyone that missed out on the presale when the coin was at just $0.005 may have missed their opportunity but do not despair as Stage 2 is expected to outperform the stage 1 presale, and investors can buy in at $0.027 before the price rises even further as experts predict. Click the links below to learn more now!