Litecoin (LTC) Whales Prepare for Third Halving, Solana (SOL) Spikes After Bonk’s Launch, Snowfall Protocol Surges 400%

The current crypto space is highly competitive, with Litecoin (LTC) and Solana (SOL) being two of the top performers in the past.

The current crypto space is highly competitive, with Litecoin (LTC) and Solana (SOL) being two of the top performers in the past. Both have their advantages and disadvantages, but Snowfall Protocol (SNW) has emerged as a clear winner in recent months. What makes Snowfall Protocol (SNW) different from Litecoin (LTC) and Solana (SOL) and why will it rise further? Read ahead to find out.

Litecoin block reward to reduce to 6.25 LTC

The Litecoin (LTC) network is getting ready for its third halving, which is expected to occur in 2023. Developers on the Litecoin network are preparing for a reduction in the block reward to 6.25 LTC from its current value of 12.5 LTC. Since Litecoin’s (LTC) launch in 2011, it has undergone two halvings. With the initial halving in August of 2015, Litecoin’s block reward was reduced by half, to 25 LTC. The crypto market has been anticipating new price highs after the halving event this year, as Litecoin’s (LTC) price has increased after each of the last two halvings. Since the halving is predicted to occur in August 2023, the subsequent increase in Litecoin’s (LTC) prices won’t be seen until the second half of the year. As of now, Litecoin (LTC) hasn’t been able to catch up to other tokens in terms of growth, despite two halvings and several price rises that followed. While Litecoin (LTC) is one of the oldest coins around, newer cryptos like Snowfall Protocol (SNW) have been performing much better.

Solana (SOL) shows small price spikes after the Solana-based dog-themed token launch

Solana (SOL) hit its lowest price point since February 2021 in December 2022. One of the key reasons for the recent volatility in Solana (SOL) includes the departure of one of its most prominent backers, FTX’s CEO. Additionally, many of the prominent NFT projects’ intent to abandon its blockchain, and move to platforms such as Ethereum, has led to Solana’s (SOL) price drop. However, after nearly nine days of consecutive declines that pushed its price to roughly $8, Solana’s (SOL) price has increased by over 12% in the previous week. Bonk (BONK) is a new dog-themed meme token that airdropped roughly half of its 56 trillion token supply to users last week, which some believe is responsible for the recent increase in interest from Solana (SOL) community members. Solana (SOL) NFT collections received about 20% of Bonk’s total airdrop supply, which amounts to approximately 300,000 NFTs.

Snowfall Protocol (SNW) captures a majority of market interest

Snowfall Protocol (SNW) is revolutionizing the blockchain landscape. With Snowfall Protocol (SNW), users can transfer data and assets between different blockchains efficiently and seamlessly. Snowfall Protocol (SNW) allows users to stay on their preferred blockchain while still reaping the key advantages of other blockchains. The SNW NFT bridge, developed as part of the Snowfall Protocol, is one example of a canonical bridging solution that allows users to transfer non-fungible and fungible tokens from one blockchain to another. As of late, Snowfall Protocol (SNW) has made tremendous strides, with the announcement of the dApp prototype and the upcoming launch of the final dApp. Looking at Snowfall Protocol (SNW)) price gains, it is likely to gain more traction in the future. Thus, it is the perfect time to buy Snowfall Protocol (SNW) if you’re a crypto market player and wish to ride your portfolio to success. Snowfall Protocol (SNW) price is a very reasonable $0.17, which is a 400% increase from the first phase and is soon expected to rise to $0.24 by the third stage’s end. Forecasters anticipate a 1,000-fold increase in Snowfall Protocol (SNW) value in the coming months.

 

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