The golden child of the meme coins era in 2021, Dogecoin’s native token, DOGE, rose by a staggering 14,500+% within the year. The frenzy around the token was largely driven by intense speculation and heavy interest in digital assets, which was subsequently rolled over to the following year—the surge amidst mainstream adoption and celebrity interest, most notably Elon Musk and Mark Cuban. Recently, the meme token mania is taking a serious breather, and many continue to wonder if the DOGE token will ever return to its highs. Polkadot (DOT), on the other hand, has been slightly impressive this year, climbing a modest 50% amidst a broader market rebound. The same year the DOGE token pulled off its five digits returns, Polkadot’s DOT delivered over 400% to holders. Looking forward, a token in Snowfall Protocol’s SNW stands out as a prospect to exponentially grow in price and usage. The token is flashing bullish signals like DOGE and DOT, and what a year it could have in the bag. Will Snowfall Protocol (SNW) beat DOGE’s 2021 returns?
Dogecoin (DOGE) grew in popularity as a mockery of Bitcoin in 2013. Still, as a cult following grew behind it in 2020, the token price blew past many resistance levels and went into price discovery. Soon, Dogecoin (DOGE) was the talk of many crypto circles as everyone wanted a bite of the juicy returns. However, in 2023, it looks like DOGE’s reign as everybody’s favourite meme token will end. That is because it is less likely to return to previous highs, so holders focus on more value projects and tokens like Snowfall Protocol’s SNW.
Polkadot (DOT) was one of the first proponents of a “multi-chain” blockchain. Polkadot (DOT) created application-specific side chains to help scale the native blockchain. That was an innovative way to go about scalability, and therefore, the DOT token appreciated beyond expectations, shooting up 4x as demand grew geometrically. However, several recent roadmaps indicate that more blockchains like Ethereum, Solana, and Avalanche are either integrating side chains or are planning to. As such, Polkadot (DOT) will most likely lose some steam this year, and a token that looks likely to benefit from that is Snowfall’s token, SNW.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is developing a cross-chain bridge to facilitate the swift and seamless transfer of fungible and non-fungible protocol assets across every top blockchain. The idea is to eliminate the strains on the scalability and interoperability of decentralized finance. The protocol will open doors to never seen cross-chain functionalities and inspire an entire sector to keep developing. Snowfall’s token, SNW, has largely benefitted from this innovative idea and the product-driven focus of the team behind it, rising by over 500% after the first presale launch. With the launch set for February 3rd this year, Snowfall Protocol (SNW) is conducting its final presale, and you should get in on it. The biggest winners in crypto have always been the early adopters, and the SNW token is a certified winner. You can find the link to the presale here.
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- Source: https://zycrypto.com/snowfall-protocol-snw-the-next-best-thing-could-doge-recover-as-polkadot-dot-up-50/