AI leads Artificial Intelligence Altcoins in price surge following rumors of $10,000,000,000 Microsoft Investment in OpenAI—Catch up on the Latest in Crypto today
Despite still being in the presales, Snowfall Protocol (SNW) has received praise in the cryptoverse for its meteoric rise to a worthy competitor against major market titans. Snowfall’s four-phased campaign, which culminates with the official launch on February 3rd, has achieved milestone after milestone and even broken records.
What is Snowfall Protocol (SNW), you ask? Snowfall is a multi-chain interoperability protocol that allows for secure asset transfers and cross-chain transactions between blockchains. Snowfall Protocol (SNW) is the first cross-chain transfer ecosystem that enables the transfer of fungible and non-fungible tokens between EVM and non-EVM chains.
Interoperability is one of the issues plaguing the blockchain industry more than a decade after the first cryptocurrency was released. Generally, EVM-powered projects cannot communicate with those outside the Ethereum network. However, Snowfall's advanced technology will accomplish this in just a few clicks.
Other coins gaining traction include Solana, which is slowly recovering after a massive fall last year, and the AI coin Fetch.ai.
Solana, The Once-Praised "Ethereum Killer," Makes A Strong Comeback In 2023, As New Dog-Themed Coin BONK Takes Off
After collapsing by more than 80% in 2022, Solana is having a stellar year in 2023. Solana's value has more than doubled this month, rising 58% in a week.
Solana recently finished the year down more than 90%, reaching a two-year low of $8 and dropping out of the top twenty coins in market cap. Solana lost most of its value after becoming entangled in the FTX drama. The main driver of Solana's recovery, on the other hand, has been BONK, a Solana-based meme token that set the crypto space abuzz since Christmas.
Aside from the recovery of the Solana NFT space, the ecosystem's DeFi space has also seen significant recovery, with TVL recently increased dramatically.
Fetch.ai Gains 100% Following Rumors of Potential $10 billion Injection into AI by Microsoft
Artificial intelligence altcoins have recently been on the rise as the AI narrative continues to gain traction, most recently following reports that Microsoft plans to make a massive investment in the space. According to sources close to the situation, Microsoft has expressed interest in investing $10 billion in OpenAI, the artificial intelligence company that developed the ChatGPT chatbot that became famous in December 2022.
Fetch.ai has been one of the biggest benefactors of that news in the crypto space. Fetch.ai has risen to unexpected heights, nearly doubling in the last seven days. Fetch.ai's price surge has also been fueled by a new update recently released by the ecosystem’s developers.
Early this week, Fetch.ai unveiled Jenesis, a command-line tool for quick system and smart contract development that gives developers summaries and insightful perception into the CosmWasm environment without needing in-depth programming knowledge. Fetch.ai is one to watch.
The Highly Rated Snowfall Protocol Continues to Rise with Less Than A Month to Official Launch
However, the winner has got to be Snowfall Protocol (SNW), which is up 500% since the year started. Snowfall Protocol (SNW), currently valued at $0.19 in its final round of presale, is running one of the most successful presale campaigns in a bear market. For instance, Snowfall Protocol (SNW) raised $3 million by the end of its second presale round, which ended in late November. This is when many people were withdrawing their funds, fearing that the industry would collapse. Snowfall Protocol (SNW) also set a new record for token sales, selling 200 million Snowfall tokens in just two months, ending December 31.
Snowfall's success is due in part to the fact that multichain interaction protocols will be a crucial part of the blockchain industry. The Snowfall Protocol (SNW), as a pioneer in its field, aspires to create an ecosystem in which users can freely and seamlessly interact with their favorite projects without having to jump through hoops. According to market experts, the price success of Snowfall Protocol (SNW) extends up to 5000% possible returns.
Don't pass up this opportunity. Purchase Snowfall Protocol presale today and take pride in being a part of the next big thing!!!