The latest crypto crash in the aftermath of FTX's fall has left crypto investors wary of risky investments. They're now twice as diligent before making any investments and understandably steer clear of new tokens without a long history of reliability. However, Snowfall Protocol (SNW) is beating every expectation and trend with its gravity-defying three-month-long rise that continues to gain momentum with each passing week. In fact, Snowfall Protocol (SNW) is not only growing but also taking Near Protocol (NEAR) and The Sandbox (SAND) tokens along on the ride.
Snowfall Protocol (SNW) Is Creating an Internet of Blockchains
Snowfall Protocol (SNW) ) is an interoperability bridge that connects multiple blockchains and allows the transfer of funds, NFTs, and data between them. Snowfall Protocol (SNW) aim is to build an interconnected metaverse where all major blockchains interact with each other. The applications of the Snowfall Protocol (SNW) are tremendous. Investors would be able to move their crypto assets from one platform to another to take advantage of better staking rewards, interests, or other benefits easily and at low fees. Snowfall Protocol (SNW) offers its own staking and yield farming opportunities alongside dex services.
All in all, Snowfall Protocol (SNW) is a utility platform with unique features that also offers financial benefits that crypto users have come to expect from some of the most lucrative cryptos. For these reasons, Snowfall Protocol (SNW) has soared since its presale. Between presale and stage 3 sale, Snowfall Protocol (SNW) has shot up by 250% in value and continues to appreciate as its launch date approaches.
Near Protocol (NEAR) Projects Affected by Crypto Winter
Near Protocol (NEAR) project Octopus is laying off 40% of its core team and indefinitely suspending team token incentive. Although this does not affect Near Protocol's utility negatively, it does show that nobody is immune to the winter winds blowing in the crypto landscape. As a community-driven cloud solution, Near Protocol offers a utility netizens have long desired. Near Protocol also supports appchains, high transaction throughput, and instantaneous processing. Near Protocol can process over 100,000 transactions per second, making it one of the fastest blockchains out there.
What's interesting is that Near Protocol has an interoperability aspect to it. For years, crypto users have been cynical about interoperability projects as tall dreams. Therefore, investors have shunned them too. However,Snowfall Protocol (SNW) huge success has bolstered investor trust in other interoperability projects like Near Protocol. For this reason, Snowfall Protocol's (SNW) rise is also pushing the prices of other interoperability projects like Near Protocol.
The Sandbox (SAND) Losing Steam Among Gamers
The Sandbox is a blockchain-based open-world gaming ecosystem where gamers can shop, play, and roam around to their heart's content. They'll find numerous games on the platform and can use NFTs earned or bought on The Sandbox to play those games. Soon after its launch, The Sandbox grew to become one of the biggest gaming ecosystems in the world. However, it has lately lost its mojo because of the rise of other crypto gaming platforms like Axie Infinity and Decentraland. Eventually, as more game-fi platforms proliferated, gamers found the siloed worlds of these gaming platforms to be too much of a hindrance for them.
Gamers want an interconnected metaverse where they can freely move their collectibles, rewards, and other NFTs from one gaming platform to another. That's precisely what Snowfall Protocol (SNW) is offering. That is why the Snowfall Protocol (SNW) upcoming launch is generating a lot of interest and excitement in The Sandbox.