Many altcoins emerged after the introduction of Bitcoin in 2011. Much like silver accompanied gold, many of these altcoins complement Bitcoin to provide alternate options. Over the years, thousands of cryptocurrencies have proven to be valuable addition to Bitcoin’s mission.
Some of them are Snowfall Protocol (SNW), Ethereum (ETH), and LiteCoin (LTC). While Ethereum (ETH) and LiteCoin (LTC) are renowned assets, the Snowfall Protocol token is a new entrant quickly gaining ground as investors’ favourite. The protocol is still at the presale stage and has seen a huge demand from market bulls.
Why Snowfall Protocol (SNW) token?
Snowfall Protocol (SNW) is always at the top of the altcoins with high growth potential. To start with, Snowfall Protocol (SNW) is the first and the most efficient cross-chain bridge for transferring fungible and non-fungible tokens. While Snowfall Protocol (SNW) is not the first bridging solution, it stands out as the best, most secure, and most effective transfer hub for all cryptographic assets.
Snowfall Protocol (SNW) dApp features a new swap/wrap system for NFTs and a canonical token bridge for cryptocurrencies – back and forth from over 300 blockchains. This will significantly reduce the technical barrier between chains while allowing its users to enjoy many EVM-compatible or non-EVM blockchains and their projects.
Though its Snowfall Protocol (SNW) token is still in presale, it has jumped by more than 4000%. The current price of the Snowfall Protocol (SNW) token is $0.2 – the demand is high, and the price is still undervalued. Leading market analysts are saying that its price will explode to 5000% and could clinch an unbelievable 1000x compared to its presale price.
Why LiteCoin (LTC)?
LiteCoin (LTC) is one of the largest cryptocurrencies by market cap that has been around for over a decade. It was created from Bitcoin’s hard fork, and despite their similarities, LiteCoin (LTC)’s transaction throughput time is four times faster than its parent chain. This makes it especially suitable for institutional adoption and large-scale use in financial services.
Performance-wise, LiteCoin (LTC) has been an incredibly hot cake that has gained popularity among businesses, institutions, and investors, including major players like Visa, LiteCoin (LTC) Card, Oxio, Travala, and BitPay. Meanwhile, its strong team and community are constantly working together to boost LiteCoin (LTC)’s mainstream adoption and improve its value for long-term investment.
LiteCoin (LTC) is trading at $99.51, about 77.2% lower than the all-time high price of $413. Since the beginning of the year, it has been leaving bullish tracks behind. It has risen by more than 35% to invalidate bear pressure. Hence, now is a good time to buy LiteCoin (LTC).
Why Ethereum (ETH)?
Unlike LiteCoin (LTC), Ethereum (ETH)’s use cases are not limited to peer-to-peer transactions. Ethereum (ETH) is an open, permissionless, trustless, and decentralized blockchain protocol with smart contract capabilities. Its introduction introduced a new era of blockchain technology, digital ownership, decentralized finance, and every other lovely blockchain innovation today.
Ethereum’s (ETH) massive popularity is the ability to run smart contracts and deploy dApps. It gave rise to a new world of tokenization and decentralized digital asset ownership, thus making it one of the most critical networks for diverse innovation.
Ethereum (ETH) has faced criticisms about its inefficiency, energy-consuming, low scalability, high fee, and low speed. However, its migration from Proof of Work to the Proof of Stake consensus mechanism is good news for Ethereum (ETH) users and developers. Ethereum (ETH) is currently trading around $1600, and experts speculate it can rise beyond its all-time high price of $4900 this year.
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