Many investors suffered from an unprecedented market downturn last year. Dogecoin and Shiba Inu investors were among the worst losers, as both coins lost billions of dollars in value due to the bearish market conditions. Crypto enthusiasts have turned to the 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 inception, protocol saw an influx of DOGE and Shiba Inu investors and a huge pre-sale surge. Read on to find out why Dogecoin and Shiba Inu investors are flocking to Snowfall Protocol.
Will Dogecoin rise again?
Dogecoin is one of the best performers of the 2021 bull run. The presence of a loyal community and the influence of Tesla CEO Elon Musk played a significant role in attracting attention to Dogecoin. Although Dogecoin was considered the king of memecoin, the token lost its position and value. Dogecoin reached an all-time high of $0.74 in May 2021.
Since then, it has been making new lows and has consistently failed to break through resistance levels. Dogecoin is trading at $0.08 today, down nearly 90% from its all-time high of $0.74. For over a year, the Dogecoin community has been hoping for a change, especially from billionaire influencer Elon Musk.
The fact that Dogecoin needs an influencer to grow makes it 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 have moved on to more profitable projects like Snowfall Protocol.
Shiba Inu Falls Without Friction
The Shiba Inu has been in freefall since the bears came in. ERC-20 was developed to mine Dogecoin and gained popularity as a Doge-killer. At its peak, Shiba Inu became one of the most traded cryptocurrencies and the largest meme coin by market cap in about three days in 2021.
Despite many developments in the Shiba Inu ecosystem, it has not received much support from the Shiba Army or even the general crypto community. Shytoshi Kusama, lead developer of Shiba Inu, recently announced a two-tier Shibarium solution for low-fee and high-speed trading.
Shiba Inu has fallen more than 11% since the announcement and is still poking its nose deep into the Mariana Trench. The token has also lost 92% of its all-time high and is currently trading at $0.000008.
Snowfall protocol for rescue
Snowfall Protocol (SNW) made a fantastic debut with a record-breaking pre-sales. By the way, he is one of them so far the most successful pre-sale in history. In fact, demand is growing rapidly, with Dogecoin and Shiba Inu investors showing full support for the project. Snowfall Protocol (SNW) is a new protocol built to improve interoperability of blockchain networks.
The primary mission of the Snowfall Protocol (SNW) is a a seamless and secure highway for developers and users to transport cryptographic assets. This is an incredibly invaluable feature to eliminate the hassle and stress of interacting and moving assets across different chains.
His cross-chain ability comes from it canonical token bridge for fungible tokens and exchange/recharge system For NFTs. In terms of security, The Snowfall Protocol is certified and fully verified by the InterFi Security Network.
The need for an interoperable blockchain is evident from the astronomical pre-sale records and support that the Snowfall Protocol (SNW) has achieved recently. Snowfall Protocol raised $4 million within days of launch. The token is selling fast at a low price of $0.182. Experts say it’s the next big thing the cryptocurrency space will experience this year, but that’s just the tip of the iceberg.
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