Undoubtedly, the first six months of 2022 have been remarkably bad for the digital coin market. It’s shocking to see that the price of Bitcoin (BTC) has plunged to a mere $16,000 from $20,000 just a week or so ago. So, the market seems to be quickly losing investor confidence.
However, there is a silver lining, and a new crypto project is making big waves. We’re talking about Snowfall Protocol (SNW); as you might have heard that Snowfall Protocol (SNW) recently saw a 500% increase in value and has made some early investors brimming with joy.
We understand it can be an overwhelming task to know about the best crypto trends in worldwide digital asset markets. For example, Nano and Solana, along with Snowfall Protocol, have all started to show signs of tremendous growth. So, the main question is, what is the right crypto you should consider investing in? Continue reading to find out!
A Glimpse into Why Solana (SOL) is Heading Towards a Powerful Growth Trajectory
Solana aims to make the current blockchain stratosphere more accessible and high-performing. The company utilizes a cutting-edge consensus algorithm that is known as PoH (Proof-of-History). This enables Solana to significantly fast-track blockchain transactions at lightning speeds compared to other blockchain networks.
While this is one of the primary reasons why the SOL token has had an impressive bull run, it is also evident that Solana hasn’t exactly come out unscathed from the crypto winter. So, you should expect SOL prices to experience a bit of volatility till the end of 2022.
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But we’re not entirely worried. Why? Well, that’s because Solana is quite adamantly advocated by the CEO of FTX exchange, Sam Bankman-Fried. The top dog of the crypto industry also stated that Solana could potentially become an integral component of the blockchain industry in the coming decade. However, it is also worth mentioning that Binance recently acquired the FTX exchange, which is also the main reason why SOL is surfing at the top of the list of cryptos to invest in 2022-2023.
Should You Consider Investing in Nano (XNO)?
Nano is a decentralized blockchain mechanism that offers streamlined, peer-to-peer transactions. The Nano protocol allows users to engage in quick and less costly transactions on multiple blockchain ledgers. One of the best things about XNO is that you can send and receive payments in a blink of an eye, which is made possible thanks to Nano’s utilization of something known as a block-lattice data framework.
In addition, Nano’s primary objective is to provide marginalized blockchain users or communities with accessibility, offering them affordable digital currencies. Since the company’s launch, Nano (XNO) has successfully processed more than $40 billion in digital transactions, virtually for free. This is a powerful reason why you should consider investing in Nano.
Nano’s practicality and use case makes it a powerful contender that is expected to grow in value in the coming years.
The Massive Growth and Popularity of Snowfall Protocol (SNW)
Despite the consistent wave of uncertainty and volatility revolving around the crypto industry, Snowfall Protocol has been able to beat the odds and surpass investor expectations in the process. Snowfall Protocol provides users with state-of-the-art asset-swapping functionalities, enabling them to exchange cryptos across various blockchain networks.
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This is huge! Snowfall Protocol allows you to transfer your digital assets from, let’s say, private to public or hybrid blockchain networks. In addition, Snowfall Protocol doesn’t require your cryptos first. It’s like transferring money from your bank account to Venmo or from Venmo to PayPal without paying any fee! Snowfall Protocol (SNW) is rightfully trending owing to its exclusive compatibility infrastructure.
Bottom Line
With an encouraging start, Snowfall Protocol is continuously transcending expectations, ingeniously meeting the ever-growing list of requirements for a secure and interoperable transactions network in the blockchain ecosystem. After all, Snowfall Protocol has managed to pique investor interest!
