The competition between crypto projects has risen. All existing and newly launched tokens are putting their best foot forward to get on the top.
Well Known projects like Binance (BNB) and Cardano (ADA) are working on new upgrades, while a new token, Snowfall Protocol (SNW), has already shown bullish signals.
Binance (BNB) gets generous towards Terra Classic (LUNC); the token trades at $297.90
Binance (BNB) updated new information on its blog about its association with Terra Classic (LUNC) on January 13th. The project confirmed Binance’s (BNB) support for Terra Classic’s (LUNC) new upgrade. Binance claimed the process would take around 3 hours and BNB holders won’t be able to continue trading on the platform until the upgrade completes. The withdrawals and deposits on the Binance (BNB) platform will start once the network’s stability is confirmed.
Binance (BNB) agreed to support Terra Classic (LUNC) after approval of the governance proposal 11242, by the Terra Classic community. Binance (BNB) already handles more than 50% of Terra Classic’s (LUNC) trading volume. Thus, it indicates they already have a good association with one another.
Binance (BNB) community might receive profits from this upgrade as it will expand the project’s reach to a more extensive crypto user base. However, experts haven’t given any optimistic opinion on the Binance (BNB) and Terra Classic (LUNC) partnership yet. Thus, it won’t be feasible for new investors to put higher investments in this project.
Currently, Binance (BNB) token has a live price of $297.90, which is 2.14% down.
Cardano (ADA) makes an effort to boost scalability; the price remains steady at $0.34
Cardano (ADA) developers announced the launch of side chains on the existing network. They claim that this new development will increase the scalability of the Cardano (ADA) network. However, the community showed concern about its impact on the security and stability of the main chain. But, Cardano (ADA) developers assured that there would be no such issue. In fact, the project will introduce a toolkit to let developers build custom side chains on the network.
Thus, Cardano’s (ADA) developer community will be able to build exclusive blockchains for specific use cases.
Furthermore, Cardano (ADA) network will secure these side chains using its current security system. These side chains will also benefit from a decentralized network and existing Cardano (ADA) community support.
The announcement hasn’t made much difference to the current Cardano (ADA) price. It is trending at a live price of $0.34, which is 0.96% down. Investors can add Cardano (ADA) token to their portfolio for diversification but they must not hope for quick gains.
Snowfall Protocol (SNW) is about to rule the DeFi ecosystem
Snowfall Protocol’s (SNW) community believes that its DeFi ecosystem has the capability to take over the Decentralized Finance market. Snowfall Protocol (SNW) project provides all DeFi applications, like decentralized exchanges, borrowing and lending platforms, swapping, stablecoins transfer, and more. Additionally, Snowfall Protocol (SNW) has shown a stronger price boost than other assets since its inception.
Crypto community agrees that several financial solutions offered by Snowfall Protocol (SNW) have an edge over traditional finance. One of the examples is its cross-chain capabilities. Snowfall Protocol (SNW) bridges the gap between different blockchains, and enables users to transfer assets to their preferred chains. Thus, users of Snowfall Protocol (SNW) can easily trade between Ethereum and Binance Smart Chain simultaneously through a single network.
Snowfall Protocol (SNW) DeFi cross-chain users benefit from the unique features of various chains. Additionally, the project features NFT bridging, and crypto coin bridging that can transform the workings of multi-chain networks.
Snowfall Protocol (SNW) has received wide support from investors, which has increased its prices by 500% to $0.182.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
*This article was paid for. The Cryptonomist did not write the article or test the platform.