In crypto, meme coins have become an alternate investment that has seen good demand and celebrity endorsement over the years. The top meme coins, Dogecoin and Shiba Inu are on a rollercoaster ride, with interest around these altcoins igniting, thanks to the bullish push-up. However, Snowfall Protocol (SNW) l is gaining much traction as the most successful ICO of 2023. The multichain asset transfer bridge has shown great potentials that rekindle investors’ hope for a brighter future for blockchain technology. Read on to know why meme coins are pumping and why experts think Snowfall Protocol will grow by 1000x.
Shiba Inu (SHIB) Unveil First Look at Upcoming Layer 2 Blockchain Shibarium
Popular memecoin and DeFi ecosystem, Shiba Inu (SHIB) has revealed its first look at its highly anticipated layer-two solution, Shibarium. The blockchain network was built to provide scalability, light speed, and cheap transactions on Ethereum. ShibArmy and investors are elated about the revolutionary change, as a beta testnet is scheduled for release in the coming weeks.
The launch of Shibarium will give strong fundamentals to the token. Everyone expects an ingenious product, as Shiba Inu has positioned itself as a good DeFi ecosystem in recent years. The move will provide a newer use case for the Shiba Inu token as well as other ecosystem tokens like leash (LEASH) and bone (BONE). The Shiba Inu (SHIB) token is trading at $0.00001119 and has gained 38.4% this year.
Dogecoin Pump Higher, Are Meme Coins Back?
Dogecoin (DOGE) is a well-known memecoin and kike Shiba Inu; its price has been skyrocketing lately. The truth is there is no important use case for Dogecoin (DOGE), and most of its surge has been from the unwavering support of its community. Therefore, a new surge may signal a new interest in memecoin or growing demand from investors.
The value of Dogecoin (DOGE) has been on a rollercoaster over the past 52 weeks. The token fell hard and touched $0.04911 in June 2022 but has grown twice as much since then. So far this year, Dogecoin (DOGE) has gained 31.4% – indicating that meme coins are back up into the game. While projects like Snowfall Protocol (SNW) remain investors’ and analysts’ favorite, meme coins have allowed investors to profit on their favorite tokenized memes.
Snowfall Protocol: First Asset Bridging Solution for NFTs and Cryptocurrencies
Over the seas and across the valley – Snowfall Protocol (SNW) has become a popular project with visionary goals for the development of blockchain interoperability. The cross-chain bridge and asset transfer protocol is riding on enormous expectations from investors and experts due to its industry-standard features built to address the issues of inclusivity and interchain communication.
At its core, Snowfall Protocol (SNW) is the first multipurpose and one-stop shop for anyone to safely and seamlessly swap cryptographic assets. It uses novel approaches, including canonical/reverse canonical token bridge and swap/wrap system, to aid crypto and NFT transfer between EVM-compatible and non-EVM networks.
Snowfall Protocol (SNW) offers much room for growth and potential for developers to build apps on any chain they want. Due to its important use cases, Snowfall Protocol (SNW) has up to 300 million tokens in presale. In only a few days, the Snowfall Protocol (SNW) token has become one of the best ICO investments of 2023 – thanks to its alluring usefulness and exceptional development.
Snowfall Protocol (SNW) token is currently in the final presale stage, and it has grown by more than 800% to $0.191. Experts and investors have shown great interest in the project. It was speculated that the token will grow by 1000x soon – so now is the best time to buy the token.
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