With the growing prominence of utility-based crypto projects, various meme coins are updating their technology or convenience offerings to stay relevant. The Shiba Inu (SHIB) community is gearing up to launch Shibarium, the Level 2 upgrade to the traditional Shiba Inu ecosystem. Similarly, Dogecoin (DOGE) has shown a bullish trend over the past week, leaving investors hopeful. However, experts and investors attest to the immense growth of Snowfall Protocol (SNW), which is currently in the final stages of pre-sale. Read on to understand why the coming months look promising for these crypto projects.
Dogecoin (DOGE) tops list of social commitments
According to the latest report published by social crypto-intelligence platform LunarCrush, comparing the social engagements of top crypto tokens, Dogecoin (DOGE) tops the list. Launched as a “meme coin”, born out of internet culture, Dogecoin (DOGE) has gained popularity as a fun and lightweight cryptocurrency. From humble beginnings, Dogecoin (DOGE) has become the internet’s favorite reward token, perpetually used on Reddit and Twitter.
Dogecoin’s main utility token, DOGE, is currently trading at $0.08, projecting growth of 1.35% over the past 24 hours. However, the current price is around 80% below the ATH price of $0.74 as seen in May 2021. According to technical analysts, the positive price trend of Dogecoin (DOGE) is likely to continue for A few days. However, Dogecoin (DOGE) may not be the best choice for investors looking for multiple wins in the crypto network.
Shiba Inu (SHIB) ready to launch Shibarium
Launched anonymously as “Dogecoin Killer” in August 2020, Shiba Inu (SHIB) is another dog-themed lightweight cryptocurrency that aims to be an Ethereum-based counterpart to the Scrypt-based mining algorithm of DOGE. The developer of Shiba Inu (SHIB) has confirmed via a tweet that their layer 2 protocol, Shibarium, has entered the beta testing phase. Additionally, Shiba Inu (SHIB) has entered into a new partnership with SaaS giant Wix, which will accept payments via Shiba Inu (SHIB) and 70 other cryptocurrencies.
The native Shiba Inu token, SHIB, is trading at $0.00001042, showing a whopping 10% increase in the last 24 hours. Despite the growth, SHIB is trading around 88% lower than the ATH price of $0.000088 as seen in October 2021. Experts bullish on Shiba Inu (SHIB) bullish rally in short term . Only time will tell if the Shiba Inu (SHIB) layer 2 ecosystem, Shibarium, will support long-term price growth.
Snowfall Protocol (SNW) Astronomical Presale Is About To End
Snowfall Protocol (SNW) is the first crypto multi-chain transfer ecosystem that supports asset transfers on popular EVM and non-EVM compatible chains. By removing technical barriers to interoperability, Snowfall Protocol (SNW) aims to make cross-channel communication simple, fast and hassle-free. Snowfall Protocol (SNW) capitalizes on Stable-coin and NFT bridges to enable smooth transfer of USDT, USDC, BUSD or other stablecoins, and NFT assets between chains, using canonical token bridges and standalone swaps. Moreover, Snowfall Protocol (SNW) offers staking benefits to investors participating in monthly raffles, consequently earning fees or more tokens on decks.
Globally, Snowfall Protocol (SNW) is the first crypto ecosystem that paves the way for infinite interoperability, inclusivity, and seamless communication between multiple blockchain networks. Snowfall Protocol is backed by the native governance token, SNW, which has had a 500% increase thanks to the presale. Originally launched at $0.008the SNW token reached $0.182 in presale. The final presale stage is expected to end in February 2023. Experts bullish on 1000x returns from Snowfall Protocol (SNW) in the coming months, making this the perfect time for investors to jump in and reap maximum benefits.
get in while you can and invest in the Snowfall Protocol (SNW) today!!!
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