Cardano (ADA) and Dogecoin (DOGE) have shown several major developments in terms of price and upgrades over the past month.
However, a newly introduced token, Snowfall Protocol (SNW), has skyrocketed ahead of them in terms of price growth. But what makes Snowfall Protocol (SNW) so attractive that investors are rushing to buy it? Read ahead as we talk about the latest updates of Cardano (ADA), Dogecoin (DOGE), and Snowfall Protocol (SNW).
Cardano (ADA) to Launch Plutus
The creators of the Cardano (ADA) blockchain platform, Input Output Global (IOG), intend to incorporate Elliptic Curve Digital Signature Algorithm (ECDSA) and Schnorr’s capabilities into their new smart contract programming language, Plutus. According to Cardano’s (ADA) announcement, the update will promote greater interoperability and allow for the development of decentralized cross-chain applications.
Additionally, Cardano’s (ADA) upgrade is expected to enter production on test networks by February 11th. On February 14th, a further update would be released by Cardano (ADA) for the primary networks. In terms of current price graphs, Cardano (ADA) ranked second by blockchain activity this week.
Cardano (ADA) has settled $3.68 billion on-chain during the past 24 hours with more than 53,000 active addresses. However, the value of ADA, Cardano’s native token, has shown no significant signs of growth. Cardano (ADA) is currently trading at $0.37, and its price has remained mostly stable for the past 24 hours.
Dogecoin (DOGE) Price to Decline Despite Robinhood Integration
In a recent announcement, Robinhood, a popular brokerage service, said it is focused and constantly working to add Dogecoin (DOGE) to its newly launched wallet. The company’s long-awaited “Robinhood Wallet” app for iOS devices, which enables users to store their cryptocurrencies and communicate with multiple networks, was released on January 19.
Over a million people have been given access codes to the Robinhood Wallet after patiently waiting for them, and shortly, Dogecoin (DOGE) will be available on it.
Nearly 600,000 people have signed a petition requesting that Dogecoin (DOGE) be added to the app. The wallet is set to grow as it is integrated as an advanced browser for Web3 with the help of Dogecoin (DOGE).
Analysis of today’s Dogecoin (DOGE) pricing shows a drop to $0.0877, continuing a lengthy and substantial bearish trend. Although Dogecoin (DOGE) has gone up and down over the past few days, the price is still lower than its weekly high of $0.0886. Technical analysis suggests that further price drops for Dogecoin (DOGE) are possible.
Snowfall Protocol (SNW) Price Grows Over 400% in One Month
Until now, blockchain technology has been hampered by its inability to communicate with other blockchains without the need for third-party intermediaries. Snowfall Protocol’s (SNW) decentralised application will allow users to transfer fungible and non-fungible assets in a scalable, interoperable, and secure environment.
Snowfall Protocol (SNW) takes pride in being the first-ever cross-chain platform to enable the transfer of fungible and non-fungible assets between EVM-compatible and non-EVM-compatible chains.
The projected release date for Snowfall Protocol (SNW) is February 3, 2023, and it is expected to release with a price high of $0.22. The cryptocurrency industry is eager to watch how Snowfall Protocol’s native token, SNW, performs in the long run, especially after being acquainted with its major benefits.
The presale price of Snowfall Protocol (SNW) increased by a promising 400%, to $0.191, owing to the sale of almost 200 million tokens.
Thus, investors who are looking to profit from Snowfall Protocol (SNW) should do so now before all the remaining tokens sell out in the final presale phase.
Get in while you can and invest in Snowfall Protocol (SNW) today.