We may be in a bear market but one particular coin is immune to all this downside pressure from the crypto market as a whole and that coin is Snowfall Protocol (SNW). We explore this and more as we compare it to Dogecoin (DOGE), PancakeSwap (CAKE) and Shiba Inu (SHIB).
By now, every person is undoubtedly aware of the fact that the market is narrative-driven. To speak of the Crypto space, it may depend more on trends and narratives around them. It is way beyond the control of regular users to influence or impact the prices and rates of a crypto coin.
In this piece, we shall look at three trending coins in the space that have amassed considerable popularity and support.
Dogecoin (DOGE)
For a very long time, Dogecoin (DOGE), which started as an internet sensation, attracted much interest. Due to the enthusiasm, many people signed up for Dogecoin (DOGE) and published tweets, videos, and posts extolling the project’s virtues and how big a deal it would be. It attracted a lot of notable people and celebrities as well. One of the people that seemed to be active in the Dogecoin (DOGE) space was Elon Musk. The popularity of Dogecoin (DOGE) did not take off until it went viral online. This essay examines bitcoin’s (BTC) traits and considers its drawbacks rather than denouncing or demonizing it.
For a long time, the online craze known as Dogecoin (DOGE) drew great attention and power. Because of the buzz, many individuals visited Dogecoin (DOGE) and blogged, tweeted, and made videos about how amazing and significant a project it would be. Elon Musk appeared to be considering entering the Dogecoin (DOGE) market, and several important personalities and celebrities joined. It wasn’t until Dogecoin (DOGE) became an internet sensation that its popularity skyrocketed. Instead of criticizing or condemning cryptocurrencies, this essay assesses their merits while considering some drawbacks. Dogecoin (DOGE) is expected to be alive and well shortly due to Elon Musk’s purchase of Twitter.
PancakeSwap (CAKE)
PancakeSwap (CAKE) debuted in the Defi space in September 2020. Instead of the Ethereum (ETH) network, it is powered by the Binance Smart Chain (BSC). Traders exchange Binance Coin (BNB) and BEP-20 tokens. Users can earn Bitcoin (BTC) by using the AMM-based PancakeSwap (CAKE) . The platform charge is 0.25 percent, a little lower than the usual rate.
PancakeSwap (CAKE) presently benefits greatly from decreasing petrol prices. Because PancakeSwap (CAKE) is built on the Binance Smart Chain (BSC), thought of as a more scalable network than Ethereum (ETH), it can complete more than 50 transactions per second for less than $0.35 in gas fees.
Shiba Inu (SHIB)
Shiba Inu (SHIB) was created on August 2020 by Ryoshi and took its name from the cuddly dog of the same name. Don’t mix it with the similarly themed Dogecoin (DOGE), which has the same breed as its mascot. On the other hand, Shiba Inu (SHIB) refers to itself as a “Dogecoin killer.”
Like many other cryptocurrencies, Shiba Inu (SHIB) is based on a decentralized network that uses a database known as the blockchain. This blockchain database tracks and controls the cryptocurrency, confirming transactions and recording each one of them. As a result, the database becomes a long-running record of the cryptocurrency’s movement. Shiba Inu (SHIB), in particular, relies on the Ethereum (ETH) blockchain, providing the platform’s security and functionality.
Snowfall Protocol (SNW)
Snowfall Protocol’s (SNW) recent phase 1 presale has broken all barriers and sidelined the naysayers. There was a time when a meager price of $0.005 was pinned on Snowfall Protocol (SNW), and the presale saw a hike to $0.015. A significant price rise has given the protocol considerable credibility and users the confidence to invest and partner up with the platform actively. Phase 2 is in progress now, and the results are expected to be even more spectacular.
Conclusion
This piece was aimed to give our readers an overview of the trending coins in the crypto space. While Shiba Inu (SHIB), PancakeSwap (CAKE), and Dogecoin (DOGE) enjoy considerable respect and market share, it is important to note that Snowfall Protocol (SNW) has entered the arena with a cannonball, and better things are expected to come out of the platform.
As an investor, you would be wise to buy in at ground level into Snowfall Protocol (SNW). Considering what this coin has done already in terms of growth coupled with its unique compatibility protocol, we expect this coin to be the next 100X coin. By getting in early you secure yourself an almost instant profit. Click the links below to learn more now!
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
