According to xinchaincaijing.com , due to the impact of the Snowfall Agreement, the prices of Dogecoin (DOGE) and Shiba Inu (SHIB) have plummeted recently. Dogecoin (DOGE ) and Shiba Inu (SHIB) have suffered the most in the recent market crash, so cryptocurrency enthusiasts have turned to coins with strong marketability. Snowfall Protocol (SNW) has seen an influx of investors into its network. Snowfall Protocol (SNW) enhanced existing DeFi operations and wowed crypto enthusiasts around the world with its massive pre-sale growth. The value of Snowfall Protocol (SNW) has mainly increased during its pre-sale round that is about to complete. Markets Drag Dogecoin (DOGE) Down The world’s largest memecoin, Dogecoin (DOGE), has failed to weather the blow of market bears. The price of Dogecoin (DOGE) fell by about 27% in the last week . Even on the weekly chart, Dogecoin (DOGE) is down more than 5% . These declines caused the price of Dogecoin ( DOGE ) to drop to $0.0719. There are many reasons why Dogecoin (DOGE) crashed. The two biggest, however, are Elon Musk ’s tweet saying he’s stepping down as CEO of Twitter , and a recent report suggesting a sea change in the Dogecoin (DOGE) ecosystem . The report suggests that Dogecoin (DOGE) will abandon the proof-of-work consensus mechanism in favor of a proof-of-stake consensus mechanism that crypto enthusiasts dislike. Shiba Inu (SHIB) in extremely cold water Shiba Inu (SHIB) is a blockchain-based altcoin built on top of the Ethereum network. However, Shiba Inu (SHIB) was primarily developed as an alternative to Dogecoin (DOGE) . Shiba Inu (SHIB) has since become one of the most traded cryptocurrencies. Shiba Inu (SHIB) was in the news recently when its developer, Shytoshi Kusama , announced that Shibarium was coming soon. Shibarium will be a layer 2 solution that will increase transaction volume on the platform. However, recent developments by Shiba Inu (SHIB) developers have not received much support from the market. Shiba Inu (SHIB) prices continue to fall frictionlessly. Shiba Inu (SHIB) is down more than 11% over the past month . Therefore, Shiba Inu (SHIB) is currently trading at $ 0.00000817 . What is a Snowfall Protocol? Snowfall Protocol (SNW) is a blockchain-based cross-chain communication platform. With the Snowfall Protocol (SNW) , a unique interoperability model emerges. A favorite among investors looking to invest in projects with guaranteed growth prospects. The Snowfall Protocol (SNW) was created to remove technical barriers that hinder communication between different blockchain networks. Snowfall Protocol (SNW) is the first blockchain platform designed to facilitate the cross-chain transfer of fungible and non-fungible tokens (NFT) . To enable the exchange of non-fungible token chains, the Snowfall Protocol (SNW) uses an exchange protocol. However, to enable fungible token chain swaps, the platform uses a canonical token bridge. The platform also promises that cross-chain transactions will remain error-free on its network. The platform allows its users to share assets between popular non- EVM and EVM networks. The Snowfall Protocol (SNW) allows users to exchange crypto across other blockchain networks without any technical issues. Snowfall Protocol (SNW) can be used in all market segments, so it has a large ecosystem that helps it build a large user base. Snowfall Protocol (SNW) can be used in DeFi , infrastructure cryptocurrency, stable currency and NFT fields. Snowfall Protocol (SNW) successfully raised $ 3 million during the pre -sale period, and the commercial price of Snowfall Protocol (SNW) has now increased. However, experts expect the project to surge another 5,000% in the coming months . Blog Source - https://whatisblockchain.com/
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