Place/Date: – October 24th, 2022 at 1:49 pm UTC · 3 min read
Source: Snowfall Protocol
On Monday, Curve (CRV) topped the charts of crypto exchanges with an impressive 8.18% growth in value over the past 24 hours. Needless to say, Curve users were rejoicing on their way home that day. However, as much potential as Curve (CRV) offers, Cronos (CRO) and Snowfall Protocol (SNW) are better long-term investments for several reasons. Here’s a quick analysis of the three token’s potential for future growth.
Curve (CRV)
Curve is a decentralized exchange for stablecoins. Curve is also an automated money maker and offers liquidity for transactions on the platform. Last week, a proposal to enable CRV rewards to third-party applications on Curve passed with an overwhelming majority, effectively reducing the time required for such rewards. Previously, the allocation of CRV rewards would pass only after weekly voting by governance voting token (veCRV) holders. Now, Curve users don’t have to vote on the allocation of rewards, potentially automating the process entirely.
This single decision can potentially bring many more third-party applications to Curve in the near future. Following the vote, Curve has been climbing and registered 8.18% growth on Monday alone.
Cronos (CRO)
With over $2 billion in market cap, Cronos is one of the giants of the crypto world. It’s an EVM-compatible POS blockchain with tremendous applications. Cronos has ambitions to become the default cryptocurrency for crypto users, developers, and businesses. Cronos is trying to do this by offering its users everything that the world of De-Fi has to offer – low transaction fees, decentralized financial products, advanced financial services like lending and borrowing, NFTs, Web3 applications, metaverse solutions, and more.
With each passing day, the ever-expanding Cronos platform is adding more features and services to its ecosystem. So, the temporary drop of 2.63% in its value yesterday or a 5% increase in Cronos’s value the day before are minor changes that have no bearing on its long-term performance. Cronos has big plans. And only time will tell whether Cronos will realize its lofty goals and become the top-performing altcoin, if not the top-performing crypto.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a surprising addition to this list, partly because it has a long way to go before it joins the big leagues. Snowfall Protocol (SNW) has been delivering double-digit daily returns for the entire month now. Analysts expect Snowfall Protocol (SNW) to grow by 5,000% by the time of its launch. At present, it’s valued at a pretty $.0.009. So, investors are having a field day buying it at a premium. After all, it’s still the presale stage for Snowfall Protocol (SNW).
Snowfall will enable users to move their NFTs between various NFT platforms. When Snowfall Protocol (SNW) bridge goes active and connects different blockchains, users can use their Open Sea NFTs to play games on Decentraland or transfer the NFTs they earn on Sandbox to their wallet on Solana. The potential is virtually limitless. So, almost all NFT users will be using Snowfall Protocol (SNW) once it goes live.
For more information about Snowfall Protocol visit: Website, Presale, Telegram, Twitter.
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