Every cryptocurrency investor is looking for the next coin to provide a significant investment return. Most investors are putting their money into trending crypto projects like Chainlink (LINK) and ApeCoin (APE). Despite this, the overwhelming majority of industry experts and market analysts continue to choose Snowfall Protocol (SNW).
Why is Chainlink (LINK) Trending?
Sergey Nazarov initially conceived Chainlink (LINK) in 2014, but it was released to the public in 2017. In May 2019, it went live with its mainnet. Chainlink (LINK) was one of the first cryptocurrency initiatives to use what it called a “decentralized oracle network” to make it possible for other blockchains to have smart contracts.
Chainlink (LINK) enables blockchains to communicate safely with external data feeds, events, and payment mechanisms. The information contained inside the various blockchains may be combined using Chainlink (LINK) to produce sophisticated digital smart contracts.
However, the value of Chainlink (LINK) has experienced a steep drop so far in 2022. Still, new users have shown a favorable reaction to the introduction of the staking feature. Regardless, it is too soon to tell whether the staking ecosystem will significantly impact the price of Chainlink (LINK).
Why is Apecoin (APE) Trending?
ApeCoin (APE) serves as a governance token and a utility token inside the ApeCoin (APE) ecosystem. ApeCoin (APE) use cases include letting coin holders vote on how to run the DAO and giving them access to games, events, goods, and services only available in the ecosystem.
The unveiling of the governance structure of the ApeCoin (APE) ecosystem was met with great expectations, which is one reason why the coin is trending. With the same excitement, the APE Foundation announced the launch of the staking functionality for their Apecoin (APE) cryptocurrency. Staking winnings will be rewarded with 17.5% of Apecoin’s total supply, equal to 175 million Apecoins (APE). However, in all, ApeCoin (APE) could not match the expectation of the investors.
Why is Snowfall Protocol (SNW) Trending?
Snowfall Protocol (SNW) is an ecosystem for transferring fungible and non-fungible tokens from one chain to another. Their decentralized application enables users to exchange assets between the most popular EVM networks and chains that are incompatible with EVM.
As the infrastructure improves, more people will start using the Snowfall Protocol (SNW). The demand will increase and, of course, result in a price increase. The price of Snowfall Protocol (SNW) increased by more than 300% during its initial presale stage, indicating that demand for the cryptocurrency is already growing. The consensus among industry professionals is that after the debut, it has the potential to rise by a factor of 500%. In addition, there was significant support for Snowfall Protocol (SNW) at the Santa rally. The cost of one Snowfall Protocol (SNW) token has increased to $0.17 in just one week during the third round.
Bottom Line
Although Chainlink (LINK) and Apecoin (APE) are trending, Snowfall Protocol (SNW) has more prospects than both projects. Snowfall Protocol (SNW) is well-positioned to become the dominant player in the cross-chain swaps market. This is because the platform utilizes innovative token-bridging technology, which makes it possible for users to trade fungible and non-fungible tokens with one another.
Find out more about the Snowfall protocol:
Presale: https://presale.snowfallprotocol.io
Telegram:https://t.me/snowfallcoin
Website:https://snowfallprotocol.io
Twitter:https://twitter.com/snowfallcoin
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