The digital asset space is booming and quite active right now. But what sets Snowfall Protocol (SNW) apart as a promising asset among other protocols in the space, such as Bitcoin SV (BSV) and Monero (XMR)? Let’s see why Snowfall Protocol (SNW) is incomparable to rivals like Bitcoin SV (BSV) and Monero (XMR).
Bitcoin SV (BSV) is not meeting expected performance levels
Bitcoin SV (BSV) is a cryptocurrency that has been met with a fair amount of interest and scepticism from the community since its inception. Despite its availability on top-tier cryptocurrency exchanges, several crypto wallets do not accept Bitcoin SV (BSV) transactions, limiting its usability and reach.
Thus, the Bitcoin SV (BSV) ecosystem is not at its full potential. This lowers the transactional volumes for Bitcoin SV (BSV) compared to other cryptocurrencies. This has been a major downside for holders and is indicative of the untapped potential of Bitcoin SV (BSV). The current price is $47.57 per BSV. Bitcoin SV (BSV) is 90.32% below the all-time high of $491.50.
Monero (XMR) becoming the currency of choice for criminals
A transaction on Monero (XMR) takes roughly 30 minutes to be completed, which is somewhat slow, considering that a new block is typically mined every 2 minutes. The additional security features built into Monero (XMR) transactions, intended to be anonymous and untraceable, are to blame for the long block time.
Thus, Monero (XMR) can be used for illegal activities, and the mainstream media often highlight this fact to associate it with illicit activity. This is a major deterrent for many people looking to use Monero (XMR) as a legitimate digital currency. Monero (XMR) only focuses on privacy and cannot be used on other blockchains. The live Monero price today is $150.95, with a 24-hour trading volume of over $96 million.
Snowfall Protocol (SNW) rockets to the top of the crypto markets
Since its debut, Snowfall Protocol (SNW) has been the topic of much discussion in the cryptocurrency community. Snowfall Protocol (SNW) employs a highly customizable concept that can simplify and open up asset movement within blockchains.
A platform is being created by Snowfall Protocol (SNW) to link various blockchain networks. Snowfall Protocol (SNW) is fast increasing in value due to the significant advantages it offers its users. Less than two months after its presale began, Snowfall Protocol (SNW) has produced huge value for its early backers.
During the presale, the price of Snowfall Protocol (SNW) increased by over 300%, and more than 150 million tokens were sold. From its initial forecasted price of $0.005, Snowfall Protocol (SNW) is selling at $0.095, which is a substantial rise. The team behind Snowfall Protocol (SNW) is prepared to introduce their decentralized application (dApp). Snowfall Protocol (SNW) is anticipated to establish new benchmarks when it launches in January 2023.
Given the market’s existing dynamics, it is clear that Snowfall Protocol (SNW) has a strong possibility of dominating it. With more individuals becoming knowledgeable about how cryptocurrencies work and beginning to infuse in them, Snowfall Protocol (SNW) may be among the market leaders.
Industry analysts consider Snowfall Protocol (SNW), which has colossal potential, to be a better choice than Bitcoin SV (BSV) and Monero (XMR). With its cutting-edge and flexible compatibility platform, Snowfall Protocol (SNW) is well-positioned to become the industry standard for cross-chain applications.
The second presale round of Snowfall Protocol (SNW) just ended. If the current trend continues, Snowfall Protocol (SNW) may soon be at the forefront of the crypto revolution, leaving Bitcoin SV (BSV) and Monero (XMR) far behind. Time will tell if this innovative new cryptocurrency can maintain its upward velocity.
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.