With the world of cryptocurrency expanding at such a quick speed, it’s no surprise that investors want to get in on the action. With so many cryptos to select from, it might be tough to tell which ones are the most promising. In this article, we will look at the potential of three of the most popular cryptos on the market: Snowfall Protocol (SNW), Chainlink (LINK), and Polygon (MATIC).
Chainlink (LINK) causes market turmoil as investors flee
In the Chainlink (LINK) ecosystem, the token has no current use. Chainlink (LINK) token has no practical purpose and derives all it’s value from speculation. Moreover, Chainlink’s (LINK) eagerly anticipated staking platform is not yet operational, though the proposal stated that staking would take place in 2019. So long as staking has not yet been implemented, you are investing in a risky token as it’s possible that the token won’t have any basic worth. Furthermore, the usefulness of Chainlink (LINK) is what determines whether the project succeeds. If the institutional demand that is anticipated does not materialize, the initiative may not have a promising future. It is possible that businesses will choose their proprietary solution instead of adopting Chainlink (LINK). Thus, the project’s long-term growth could be severely harmed. Moreover, a recent attack was launched against Chainlink (LINK) in which someone flooded the network with queries and created Chi tokens that deceived the Chainlink (LINK) nodes into paying exorbitant gas prices. As a result, the attack cost Chainlink (LINK) nodes a total of 700 ETH in gas charges.
Polygon (MATIC) security breach leads to investor uncertainty
Polygon (MATIC) is a Layer-2 Ethereum solution that provides customers with faster throughput than Ethereum. In the last week, Polygon’s (MATIC) price has decreased by 0.04%. The current price is $ 0.90 per MATIC. Polygon operates as a crypto platform, and its MATIC token was introduced as a backup option for Ethereum-based projects and blockchains during the Ethereum choke-up. Polygon’s (MATIC) connection to Ethereum is a huge drawback for the coin. The network faces competition from other currencies as well as Ethereum, on which it is heavily reliant. Polygon (MATIC) infrastructure was allegedly hacked, and the thieves stole thousands of Polygon (MATIC) tokens. The hacking posed a significant risk to investors since it signals that the system is no longer as stable as it once was. As a result, many investors may get dissatisfied and migrate to more safe cryptocurrencies.
Snowfall Protocol (SNW) seizes the lead in the crypto market
Snowfall Protocol (SNW) is a unique DeFi project that enables users to bridge the gap between various blockchains. This allows users to have independence from other competitors in the market, while also enjoying the lowest transaction fees and improved security. Snowfall Protocol’s (SNW) user experience is regarded as outstanding. Snowfall Protocol (SNW) team has produced a visually appealing and user-friendly wallet to make it simple for new users to get started. Customers can transmit and receive Snowfall Protocol (SNW) while on the go using the Dapp, which will be launched soon. Snowfall Protocol (SNW) has sold more than 100 million SNW tokens since the presale began last month. This figure is constantly rising. Snowfall Protocol (SNW) has raised more than $3 million with the completion of phase 2 of the project’s presale, and phase 3 is still ongoing.
Conclusion
The cryptocurrency industry is rife with segregated blockchain infrastructures, making it impossible to exchange tokens between chains in a secure and reliable manner. Snowfall Protocol (SNW) is a multi-chain token bridging solution that employs distinct protocols for fungible and non-fungible token swaps, making it a one-stop shop for all tokens and chains.
In conclusion, due to its compatibility with a wide range of chains and tokens, as well as its capacity to allow cross-chain swaps for EVM and non-EVM chains, Snowfall Protocol (SNW) is a superior investment option than Chainlink (LINK) and Polygon (MATIC).
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
