Many investors suffered from the unprecedented market fall last year. Dogecoin and Shiba Inu investors were among the worst losers as both coins lost billions of dollars in valuation to the bearish market condition. Crypto enthusiasts have turned to Snowfall Protocol as a viable option for short and long-term profitability.
Snowfall Protocol (SNW) is an innovative multi-chain bridge that aims to improve DeFi and dApp development. Since its launch, the protocol has seen an influx of DOGE and Shiba Inu investors and humongous presale growth. Read on to learn why Dogecoin and Shiba Inu investors are flocking to the Snowfall Protocol.
Will Dogecoin Ever Rise Again?
Dogecoin is one of the top performers of 2021’s bull run. The presence of a loyal community and Tesla CEO Elon Musk’s influence were instrumental in driving attention to Dogecoin. While Dogecoin is widely regarded as the king of memecoin, the token has lost its stance and value. Dogecoin reached an all-time high price of $0.74 in May 2021.
Since then, it has been creating new lows and consistently failing to break above resistance levels. Today, Dogecoin is trading at $0.08, about a 90% drop from the all-time high price of $0.74. For over a year, the Dogecoin community has hoped for a change, especially from its billionaire influencer, Elon Musk.
The fact that Dogecoin needs an influencer to grow shows it is unreliable and unfit for investment. Meanwhile, it is clear to investors that Dogecoin has no real value. This explains why its investors and community members are moving to more profitable projects like Snowfall Protocol.
Shiba Inu Falling Without Friction
Shiba Inu has been on a free fall ever since the bears came in. The ERC-20 was developed to take out Dogecoin and gained popularity as the Doge-killer. At its peak, Shiba Inu became one of the most traded cryptocurrencies and the largest meme coin by market cap for about three days in 2021.
Despite many developments within the Shiba Inu ecosystem, it has not received much support from its Shib Army or even the general crypto community. Shiba Inu’s lead developer, Shytoshi Kusama, recently announced a layer two Shibarium solution for a low fee and high-speed trading.
Following the announcement, Shiba Inu fell by more than 11% and is still nose-diving into the depth of the Mariana trench. The token has also lost up to 92% of its all-time high price and is now trading at $0.000008.
Snowfall Protocol to the Rescue
Snowfall Protocol (SNW) has made a fantastic debut with a record-breaking presale. As it stands, it is by far one of the most successful presales in history. In fact, demand is skyrocketing, with Dogecoin and Shiba Inu investors showing full support for the project. Snowfall Protocol (SNW) is a new protocol built to improve the interoperability of blockchain networks.
The main mission of Snowfall Protocol (SNW) is to develop a seamless and secure highway for developers and users to move cryptographic assets around. This is an incredibly indispensable feature to overcome the hurdle and stress of interacting and moving assets across different chains.
Its cross-chain ability comes from the canonical token bridge for fungible tokens and the swap/wrap system for NFTs. Security-wise, Snowfall Protocol is certified and fully audited by InterFi Security Network.
The need for an interoperable blockchain is evident from the astronomic presale records and support that Snowfall Protocol (SNW) has been getting lately. Within a few days of launch, Snowfall Protocol has raised $4 million. The token is selling fast at an underpriced value of $0.182. Experts say it’s the next biggest thing the crypto space will experience this year, but that’s just the tip of the iceberg.
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