The popular memecoins, Dogecoin (DOGE) and Shiba INU (SHIB), have experienced dreadful days throughout 2022. However, prices that had marked new bottoms, immediately began to rise, with the start of 2023, as market sentiment broke free from its bearish captivity. Additionally, a new project is gaining traction in the crypto space. Snowfall Protocol (SNW), a multichain platform with high interoperability, began its journey in crypto space, and has since increased by more than 500% in a matter of weeks.
Snowfall Protocol (SNW) has been steadily rising since the start of the presale, which is about to come to an end. The crypto space is attempting to stabilize the ongoing upswing as Dogecoin (DOGE) and Shiba Inu (SHIB) registered decent gains. However, the bears have been attempting to limit both Dogecoin (DOGE) and Shiba Inu (SHIB), so the upcoming daily close may have a greater impact.
Meanwhile, Snowfall Protocol (SNW) is believed to ignite a notable rally to mark new highs soon after its official launch, which is fast approaching.
Twitter’s ‘Coin’ Feature Challenges Dogecoin (DOGE)
The relationship between Tesla and Twitter CEO, Elon Musk, and Dogecoin (DOGE) has been in the spotlight for a long time. However, the association is believed to get strained to a large extent as Elon Musk is all set to roll out the new ‘Twitter Coins’ feature, where users can purchase coins using fiat money through the payment processor, Swipe. Moreover, users may also earn rewards for retweeting certain content.
Many crypto experts believe that this could be the end of the fruitful relationship between Elon Musk and Dogecoin (DOGE). Besides, Dogecoin (DOGE) price has displayed a notable upswing and surged beyond $0.08, recovering the losses incurred due to the FTX debacle. Dogecoin (DOGE) is witnessing bearish action presently, which may drag the price slightly lower. Therefore, Dogecoin (DOGE) price may slide below $0.08 soon.
Shiba Inu’s (SHIB) Beta Version of L-2 Shibarium Makes Noise
Shiba Inu (SHIB) gained immense popularity since its launch as a ‘Dogecoin (DOGE) killer,’ which is believed to display a giant rally compared to its competitor. Withstanding the bearish action multiple times, Shiba Inu (SHIB) price demonstrated its potential to lead a significant rally ahead. However, after approaching crucial levels, Shiba Inu (SHIB) prices appear to deviate from the resistance.
However, until Shiba Inu (SHIB) price is closely trading along the critical levels at the 200-day MA the revival of a bullish trend is difficuly. The trading volume of Shiba Inu (SHIB) has been ranging within decent levels that substantiates the possibility of bullish action soon. Besides, if an extended bearish action drags the Shiba Inu (SHIB) price below $0.00001, it could remain consolidated for a while.
Snowfall Protocol (SNW) Price Continues to Surges
Snowfall Protocol (SNW) is a multichain platform that offers smooth transfers of assets and cross-chain transactions between different blockchains. The advanced technology and unique features have attracted many to the platform. Snowfall Protocol (SNW) uses a bridge to carry out the transfers, which enables users to explore the features of the other platforms as well. Along with asset transfer, Snowfall Protocol (SNW) also offers a stablecoin bridge, NFT bridges, and staking.
Snowfall Protocol (SNW) was introduced through a presale, which was carried out in multiple phases. The first 2 have been completed successfully, while the final phase is about to close soon. Since the beginning of presale, the value ofSnowfall Protocol (SNW) has surged by more than 500% and accumulated over $3 million.
Snowfall Protocol (SNW) price has been making new highs since the token was introduced. Hence, industry experts believe that the price may surge by more than 5000% from the current highs of $0.191, soon after the official launch.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!