As the world becomes increasingly digitized, it’s no surprise that cryptocurrencies are on the rise. While Bitcoin Cash (BCH) and Litecoin (LTC) have both seen their fair share of ups and downs, Snowfall Protocol (SNW) has emerged as a strong contender in the race to become the top digital currency. In this article, we will take a look at why (SNW) is poised to overtake BCH and LTC in the coming months.
Bitcoin Cash (BCH) might soon be St. Kitts and Nevis’ legal tender
Saint Kitts and Nevis, a small island nation in the Caribbean, is working toward making Bitcoin Cash (BCH) a legal tender on its territory by March of this year. This move with Bitcoin Cash (BCH) would put the country on par with others like El Salvador, which in June 2021 made Bitcoin legal tender. After the Prime Minister of the Caribbeans gave a speech, the price of Bitcoin Cash (BCH) soared to over $103, but it has since fallen. The price of Bitcoin Cash (BCH) as of right now is $101.53. The value of Bitcoin Cash (BCH) has decreased by more than 7% over the past month and 76% over the past year. The current price of Bitcoin Cash (BCH) is still much below the 2021 high of about $1,500. In 2017, Bitcoin Cash (BCH) reached an all-time high of almost $4,300.
Litecoin (LTC) drops despite increase in transactions
Litecoin’s (LTC) price appeared to be diverging from its peers, which boosted its trajectory while most crypto-assets battled to keep their price up, owing to the crypto winter. According to the most recent data, Litecoin (LTC) is the second most popular cryptocurrency for payments on the crypto payments processor, BitPay, just behind Bitcoin. As of right now, Litecoin (LTC) accounts for 27% of all BitPay payments. The percentage of Litecoin (LTC) transactions processed by the largest payment processor in the world increased by 109% last year. Additionally, it has been shown that Bitcoin is widely used for transactions of high value, while Litecoin (LTC) continues to be the coin of choice for smaller purchases. As a result, the price of Litecoin (LTC) surged beyond the $70 mark last month. Still, bears showed no signs of letting off around the $85 level of Litecoin (LTC). Litecoin (LTC) has lost about $10 by today, trading at $75.79.
Snowfall Protocol (SNW) gains popularity after its remarkable price gains
Investor interest has been sky-high since Snowfall Protocol (SNW), a multi-chain interoperability platform, released its dApp prototype. The prototype of Snowfall Protocol (SNW) dApp may be used with either EVM or non-EVM compatible chains. Snowfall Protocol (SNW) has enjoyed tremendous success throughout its presale phases, garnering the attention of, and backing from, many prominent figures in the cryptocurrency field. While Snowfall Protocol (SNW) has recently joined the market, it has a bright and prosperous future ahead of it, according to experts. Additionally, the price of Snowfall Protocol (SNW) is rising as the anticipated launch date draws near. The second phase of Snowfall Protocol (SNW) was a huge success, ending a day ahead of schedule after raising over $3 million and selling 100 million tokens. The final presale round of Snowfall Protocol (SNW) is presently ongoing, and it is expected to end soon because most of the available tokens have already been purchased. Snowfall Protocol (SNW) has been very successful, as seen by its over 500% price increase in phase 3 of presale.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
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Read More: Bitcoin Cash (BCH) to become legal tender of St. Kitts and Nevis, Litecoin use