Ethereum Classic (ETC) suddenly sprung to life again earlier this week after a considerable period spent languishing in the doldrums. Out of the blue, the Ethereum Classic (ETC) price jumped up to its highest point since the middle of December last year. Why? Nobody seems to know for sure. Some contend that it relates to “the merge” back in 2022 when Ethereum Classic (ETC) transitioned from a proof-of-work model to a proof-of-stake one. Same happened with Litecoin (LTC). So should anyone invest in Ethereum Classic (ETC) and Litecoin (LTC) right now? Or take a look at the Snowfall Protocol (SNW)?
Should crypto investors buy Ethereum Classic (ETC) now?
Ethereum Classic (ETC) has a pretty solid provenance as well as being a well-recognised “brand” name in the cryptocurrency world. This recent and sudden spike in the price could be the start of a sustained bull rally that will drive the price up even higher over the coming weeks. If that is the case, then the time to buy is now. On the other hand, some experts are urging caution and a more ‘wait-and-see’ approach. They fear that last week’s price jack was merely the product of what is known in the trading world as a “short squeeze”. If they are right, then the price rally will be short-lived and fall again once the profits have been taken.
Is Litecoin (LTC) a buy?
Litecoin (LTC) is an asset that has been growing lately. Litecoin (LTC) has seen 40% monthly growth.
Halving of Litecoin (LTC) will be happening soon. This reduction in rewards is expected to cause a decrease in the number of new Litecoin tokens entering circulation while demand theoretically remains the same and potentially drives prices up. Litecoin (LTC) was created as an alternative to Bitcoin, enabling faster transaction times, lower fees, and greater scalability. Investors are starting to look at Litecoin (LTC) as an ideal long-term investment.
What is Snowfall Protocol (SNW)?
In a nutshell, Snowfall Protocol (SNW) is a multi-chain interoperability protocol that enables users to make secure asset transfers between different blockchains. Let’s say, for example, that you hold 1,000 USDT on Ethereum but you want to transfer them to the Binance Smart Chain. You can’t just transfer them over because they operate on different blockchains. You would have to engage a third-party platform that services both chains. The Snowfall Protocol solves that problem by means of a bridge that allows users to transfer both fungible and non-fungible tokens between different platforms.
Snowfall Protocol (SNW) offering and pre-sale
Holders of SNW, Snowfall Protocol (SNW)native coin, will enjoy governance rights which means they get to vote on major decisions. Also, they can stake their coins to earn passive income and obtain discounts on trading fees and cashback rewards. SNW also acts as a utility token which affords its holders discounts when they use any of the Snowfall Protocol bridges. Moreover, they will hold weekly and monthly raffles which are free to enter for all holders.
SNW is currently in a presale stage which will last until the end of January 2023. The presale began at the opening price of $0.005. The total number of Snowfall Protocol (SNW) is fixed at 1,000,000,000 and some 30% of these tokens are available for purchase during the presale stage. It’s expected that the price will be $0.075 by the time the presale closes but that figure could increase depending upon the volume sold.
The Snowfall Protocol is getting a lot of positive attention from the market and it is not difficult to see why. To date, the crypto and NFT world has been plagued by the issue of a lack of interoperability between the different chains. The Snowflake Protocol solves that problem by creating bridges for all of them. This is a landmark offering and it should cement SNW as a good bet in the minds of any serious crypto investor or watcher.
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