The dramas of 2022 have caused a rippling effect that continues to rock many existing crypto protocols. However, NFT and GameFi are back, and Stepn move-to-earn game (GMT) is growing in value. On the other hand, the Decentraland metaverse (MANA) has been named among the top creditors of failed crypto lending protocol Genesis.
While uncertainties around crypto prices linger, Snowfall Protocol (SNW) has proven to be the best buy. The protocol is a multi-chain asset transfer protocol that is shaking up the crypto space with disruptive features. Read on to learn more about why investors are flocking to Snowfall Protocol (SNW) presale, as well as the latest happenings around metaverse and blockchain gaming.
Stepn (GMT) Gains 21%, GameFi and NFT Bouncing Back
Many NFT and GameFi projects have lost at least 90% of their capitalization. However, a sudden turnaround has given many of these projects, especially Stepn (GMT), a strong foothold in the crypto market. Stepn (GMT) has gained more than 21% in the sudden bouncing back – with prices breaking above local resistance levels.
Stepn move-to-earn game (GMT) has shown spectacular gain since the recovery of the crypto market in 2023. It has flipped its 30-day low price of $0.22 thrice – thanks to the volatility and revival of hype around NFT and blockchain gaming. Lately, NFT, metaverse, and gaming assets are seeing increased inflow, with tokens like Stepn (GMT) revealing their true potential as good investment assets. Currently, Stepn (GMT) is trading at $0.578, with more than a 117% increase this year.
Decentraland (MANA) Named Top Creditors of Bankrupted Lending Protocol, Genesis
Troubled Genesis crypto lending protocol filed for bankruptcy last week after recording a multi-billion dollar loss to FTX collapse and overexposure to the 3AC hedge fund. However, three of the Decentraland team, Esteban Ordano, Ari Meilich, and CFO Santiago Esponda, were named some of the top 50 creditors of Genesis.
Decentraland (MANA) CFO Santiago Esponda was listed in connection with Heliva International Corp with a $55 million claim – Ordano, Decentraland (MANA) co-founder was the contact for Winah Securities, which filed a $27 million. Ari Meilish’s claims were up to $20 million for his Big Time gaming studios. Meanwhile, Genesis filed for Chapter 11 bankruptcy protection which will help them sell assets and reimburse more than 100,000 creditors.
Why Snowfall Protocol (SNW) is the Must-Have Token in 2023
Snowfall Protocol (SNW) is a premier crypto project disrupting crypto space with its cross-chain communication abilities. By cutting out technical barriers for chain-to-chain communication, Snowfall Protocol is paving the way for a futuristic, advanced, and unique blockchain technology that unites every blockchain network.
Snowfall Protocol (SNW) offers metaverse and P2E worlds like that of Decentraland (MANA) and Stepn (GMT) a chance at coexisting simultaneously by allowing secure and seamless cryptographic asset transfer over them. For instance, a canonical token bridge allows users to swap their cryptocurrencies. There is also a swap/wrap system for nonfungible tokens across more than 200 EVM-compatible and non-EVM chains.
The distinct feature of Snowfall Protocol (SNW) that made investors and market bulls pile into it is the presence of a DeFi ecosystem of limitless possibilities. There is a staking and yield farming protocol where users can earn passive income while enjoying effortless interchain interaction.
Snowfall Protocol (SNW) is still in presale and may sell out sooner than expected. However, the token has gained over 3700% to reach a current trading price of $0.191. Moreover, analysts and experts are confident that we’ll see more than a 1000x rise after launch on secondary DEX on February 3rd. Therefore, if you’re looking for an attractive opportunity – the Snowfall Protocol (SNW) token is the best buy.
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