Ethereum Classic (ETC) And Monero (XMR) Investors Eye Snowfall Protocol (SNW) As Better Investment

The last year was tough for many crypto investors as cryptocurrency prices fell by more than 70%. However, while crypto assets are not back to the previous all-time high price, the bull surge at the beginning of the year shows there’s light at the end of the tunnel.

Since the bull surge, investors have seen Snowfall Protocol (SNW) as a better investment than many coins, including Ethereum Classic (ETC) and Monero (XMR). Snowfall Protocol (SNW) is a decentralized and secure cross-chain asset bridge with huge potential to change the blockchain landscape. Read on to learn why. 

Ethereum Classic (ETC) is Still 80% Down

Ethereum Classic (ETC) is a fork of the Ethereum network. It is a decentralized, open-source smart contract-compatible platform. The platform was formed after the DAO hack when Ethereum underwent a network-wide upgrade. Since its launch, Ethereum Classic (ETC) has thrived off its strong community of believers who are passionate about the originality of Ethereum Classic (ETC).

While the support poises Ethereum Classic (ETC) for growth, it has not seen impressive participation or use – compared to the Ethereum network. However, it has registered new highs over the years. Ethereum Classic (ETC) is trading at $23.14, about an 87% drop from the all-time high price of $175 it registered in May 2021. This drop is great for investors looking to secure their position. However, the direction of the Ethereum Classic (ETC) price is still unknown – a reason why many investors are looking at better tokens like the Snowfall Protocol (SNW) token. 

Monero (XMR) See Reduced On-chain Activities – Development Slowdown 

Privacy-focused Monero (XMR) blockchain network is another groundbreaking development in the crypto world. Monero (XMR) is a decentralized open-source network that focuses on facilitating a private, secure, and anonymous blockchain transaction. It uses ring signatures to hide the identity of transaction participants by allowing multiple users to sign transactions. With its Stealth Addresses, users can generate one-time crypto addresses for every transaction. 

The privacy feature is Monero (XMR)’s greatest strength and weakness. Monero (XMR) saw huge adoption among blockchain users that want their identity protected while facilitating transactions. Unfortunately, regulatory bodies are concerned about its transparency. Hence many exchanges have delisted Monero (XMR) to avoid regulatory backlash. Still, Monero (XMR) is one of the top 30 coins by market cap, trading at 68% below all-time high price.

Snowfall Protocol (SNW) is Bridging the Gap Between Chains

Getting your cryptographic asset to your favorite chain can be nerve-wracking for avid and new crypto traders and investors. This is because blockchain networks inherently cannot interact with each other without hoops. In fact, many people use centralized exchanges despite being prone to compromise and attacks.

This is the problem to which the new entrant, Snowfall Protocol (SNW) provided a lasting solution. Snowfall Protocol (SNW) is a cross-chain protocol built for safe, seamless, and hassle-free asset transfer across multiple blockchain networks. It bridges the technical roadblock between these chains to enable cross-platform and bi-directional asset transfer.

For the first time, exchanging fungible and nonfungible tokens is made easier with Snowfall Protocol (SNW). In fact, it can help networks like Ethereum Classic (ETC) and Monero (XMR) expand their potential and inclusiveness for developers and users to have more interest in them.

Snowfall Protocol (SNW) has released a working prototype of its swap DEX and staking dApp, and its capabilities wow investors. The bridging DEX features a canonical/reverse canonical token bridge and a swap/wrap system – making Snowfall Protocol (SNW) a multipurpose one-stop shop for data and asset transfer.

Be a part of the next biggest blockchain project and invest in the Snowfall Protocol (SNW) token at its early stage.

Dextools

Telegram | Twitter