The hype around cryptocurrencies is back as everyone shows their unwavering support for their favorite project. Tesla CEO Elon Musk recently nudged McDonald’s to embrace Dogecoin (DOGE) for payments.
While Dogecoin (DOGE) remains a mere meme coin, Snowfall Protocol (SNW) is disrupting the crypto space with its interoperability features. The protocol provides a multipurpose and universal hub for asset transfer. Read on to learn more about Snowfall Protocol (SNW) and why it is better suited for investment than Dogecoin (DOGE) and Bitcoin (BTC).
Elon Musk Urges McDonald’s to Accept Dogecoin (DOGE) for Payments
The hype around meme coins, especially Dogecoin (DOGE), is building up again as Tesla boss Elon Musk’s endorsement resurfaces. About a year ago, Musk took to his Twitter handle to urge the giant fast food chain McDonald’s to accept the token for payments. As expected, the Dogecoin (DOGE) price surged and doubled after that.
While McDonald’s did not react to the endorsement, adopting Dogecoin (DOGE) for payments will mark the start of a new dawn for food chains and blockchain technology. Since the endorsement, altcoins like Dogecoin (DOGE) and Snowfall Protocol (SNW) tokens continue to be at the center of attraction as the interest in adopting blockchain technology in the global food chain grows. Dogecoin (DOGE) is currently trading at $0.09, about an 87.8% drop from the all-time high price of $0.74 in May 2022.
Enhancing Interoperability with Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a cross-chain bridge ecosystem that allows anyone to transfer data and assets to and from any blockchain. The platform is revolutionizing how things work in crypto by enhancing Interoperability between EVM-compatible and non-EVM chains.
The Snowfall Protocol (SNW) is particularly important in Elon Musk’s vision for a better Dogecoin (DOGE) because it can potentially connect Dogecoin (DOGE) with another chain. This way – Dogecoin (DOGE) will have a multi-chain functionality rather than a mere meme coin with zero utility.
With numerous independent smart contract chains,dApps and protocols, Snowfall Protocol (SNW) can act as a bridge for chain-to-chain interaction and communication. In other words, users will be able to use any of their preferred blockchain networks concurrently. This will help with scalability issues and flexibility, inclusivity, light speed, and low-cost asset transfer.
Bitcoin (BTC) Back Above $23k for the First Time Since August
The popularity of blockchain technology started with Bitcoin (BTC), a peer-to-peer cryptocurrency used for processing payments from one person or entity to another. Barely two years after its success, Dogecoin (DOGE) was introduced as a joke to satirize the success of Bitcoin (BTC).
Like many cryptocurrencies, Bitcoin (BTC) lost more than 50% of its value to the crypto winter. In fact, Elon Musk’s endorsement seems like the only silver lining that sustained the price of Bitcoin (BTC) for a while in 2022. Still, it remains a cornerstone asset that facilitates decentralized payment and the growth of blockchain technology.
Conclusion
So far, Snowfall Protocol (SNW) has successfully raised a whopping $5 million. This indicates its success, acceptance, and skyrocketing demand. Its price increased dramatically from $0.005 to $0.2 in the current presale stage. For early investors, this is a 4000% gain. Therefore, Snowfall Protocol (SNW) is worth every penny and praise it gets.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.