Although the cryptocurrency market seems to be held at the current levels, there have been some concerns that have instilled fear; after the collapse of FTX, investors are worried about the $2 billion of DCG and the decline in the value of Bitcoin Trust (GBTC).
Nevertheless, there are still cryptocurrency projects that are showing potential. Snowfall protocol (SNW), EOS and Apecoin (APE) are some of the coins giving warmth through in crypto winter.
Snowfall protocol (SNW)is an efficient NFT cross-chain bridge that facilitates the transfer of fungible and Non-fungible tokens between different blockchains. Snowfall protocol (SNW)was built with a multi-chain future in mind. As such, the Snowfall protocol (SNW) facilitated the transfer of tokens between EVM and non-EVM compatible blockchains.
The goal of the Snowfall protocol (SNW) platform is to remove all the technical barriers that make it difficult for blockchain platforms to communicate with each other, hence giving users the unique opportunity to enjoy the benefits of other blockchains without leaving their favourite chain.
Snowfall protocol (SNW) features a Stablecoin bridge that allows for the transfer of stablecoins such as USDT, BUSD and USDT using Canonical token bridging. Snowfall protocol (SNW) also has an NFT bridge and staking platform that allows many to participate in the governance of the Snowfall protocol (SNW) platform by staking their coins. In return, users who stake their coins earn rewards through raffles and fees from any of the Snowfall protocol (SNW) bridges.
EOS is the native coin of the EOSIO blockchain, a decentralized application launched by Block.one. The EOSIO blockchain allows for the development of open, secure, and scalable decentralized applications.
EOS allows organizations and individuals to develop a wide variety of decentralized applications. EOS token holders who don’t run applications on the EOSIO blockchain can rent out their bandwidth staking rewards.
EOS has been rising steadily from the sharp price decreases it witnessed in 2022. The steady rise is mainly because the EOS community launched a new protocol known as Antelope and a new yield product for investors.
The price of EOS also went up slightly after Binance announced withdrawals and deposits of the stablecoin Tether USD on the EOS network.
Apecoin (APE) is an Ethereum-based token of the Apecoin (APE) decentralized autonomous organization. Apecoin (APE) gives its holders full membership rights on the Apecoin (APE) DAO.
The Apecoin (APE) token originated from the Bored Ape Yacht Club, an Ape-inspired NFT series from Yuga Labs.
Apecoin (APE) mainly works as the governance token of the APE ecosystem. Apecoin (APE) allows its holders to participate in the governance of the Apecoin (APE) DAO and also offers access to member-only features of the Apecoin (APE) DAO.
Apecoin (APE) recently launched staking awards which have caused a buzz around the Ape token. This has caused the price of Apecoin (APE) to rise steadily. This positive price upturn is expected to continue in the coming weeks.
Snowfall protocol (SNW), Apecoin (APE), and EOS are some of the best coins to consider in 2023. These coins have been showing positive expansions, and they all have utility in their respective platforms and ecosystems.
Learn more about Snowfall protocol (SNW) in the following links
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