Apparently, Snowfall Protocol (SNW) presents a better alternative to TRX and LTC, as it is a newer project with much higher growth potential than its peers.
On the back of muted bounces, and large market caps with large floats, Tron (TRX) and Litecoin (LTC) investors are looking to diversify or migrate elsewhere entirely. SNW, the Snowfall Protocol token, will be people’s preferred destination.
Snowfall Protocol (SNW) is building a cross-chain platform that not only expands existing Blockchain applications but also eliminates the need for various flawed intermediaries built on Tron and Litecoin.
SNW is leveraging its 10-year experience in Blockchain across its entire team, which has worked tirelessly to strengthen the project’s base product while solidifying its market presence. Meanwhile, the native SNW token is increasingly attracting investors from competitors such as Tron and Litecoin, as it navigates areas where both projects fell short.
Tron (TRX)
In recent years, Tron (TRX) has been impressive. Its token, TRX, rode the waves of layer 1 Blockchain speculation in 2021, benefiting greatly from the cheap fees it charged, as well as strong adoption by Tether’s USDT users.
In 2022, the token is down just 27%, compared to the overall market average of 60%. As the market recovers in 2023, Tron (TRX) is up a modest 13% in the first month of the year. Although this may sound impressive, it is relatively low compared to its peers, which is why most investors are now leaving it for high-flying tokens like Snowfall Protocol (SNW).
Litecoin (LTC)
The price of LTC increased by more than 300% in 2021, as more and more public services were introduced, and Digital Currency Group (DCG), one of the largest cryptocurrency conglomerates, got rid of it.
The LTC token currently sits at $90, but its inability to attract broader adoption despite being early in the game discourages investors from sticking with their bets. Many Litecoin (LTC) investors, including DCG, are now quietly exploring other investment options, and Snowfall’s SNW has caught the attention of many.
Snowfall Protocol (SNW)
The Snowfall Protocol (SNW) was born out of the need to enable the transfer of assets through Blockchains. Snowfall Protocol (SNW) makes transfers in a bundled way and uses efficient resource tools that make such transfers possible. In this sense, SNW differs from most digital assets, which are subject to certain standards that are particular to specific Blockchains, and therefore, cannot be shipped off-chain.
The SNW token is well-prepared for an incredible year ahead. Its first pre-sale attracted many big-name players and the token price more than doubled. This final pre-sale is ongoing and will close prior to the protocol launch on February 3rd. No one would want to miss out on this opportunity.
By Audy Castaneda
