The crypto market is in a constant state of flux, with new protocols and platforms emerging all the time. Thus, it can be difficult to keep up with all the latest developments, let alone decide which protocol is the best investment. Snowfall Protocol (SNW) is the newest addition to the market, but it’s already making waves in the crypto community. In this article, we will discuss the latest updates of Threshold (T), Tezos (XTZ), and Snowfall Protocol, and why SNW is a better long term investment.
Threshold (T) price soars but can decline after today
Threshold’s potential inclusion on the Coinbase worldwide exchange was signalled when the company revealed plans to list its T currency. The listing of Threshold (T) on Coinbase has been announced officially to improve transparency in the crypto market, and lessen the likelihood of insiders getting an unfair advantage. The price of Threshold (T) has skyrocketed today, increasing by 13.85% as of this writing. Threshold is scheduled to launch on January 25 on Coinbase; as a result, T token holders are rushing to buy the tokens in preparation for a possible price spike once trading begins on the exchange. Threshold (T) is currently trading at $0.05252. Though Threshold (T) coin has witnessed rapid expansion thus far, a big decline after its Coinbase listing is possible. Threshold (T) has a long way to go before it can recover its all-time high price of $0.2245, from roughly a year ago.
Tezos (XTZ) to see a price correction after “Mumbai” upgrade
Developers at Nomadic Labs, part of the Tezos (XTZ) blockchain community, announced their support for the upcoming implementation of the protocol’s new proposal, Mumbai, on January 17. The new version will have a number of features, including the capability to move tickets across accounts, a reduction in the block duration to 15 seconds or less, and the addition of Epoxy on the Tezos (XTZ) Mainnet. After extensive testing, the 13th upgrade of Tezos (XTZ), also known as the Mumbai protocol upgrade, will be put into place.
According to Nomadic Labs, if Tezos (XTZ) is successful in its upgrades, it will be able to achieve its goal of one million transactions per second. At the time of writing, Tezos (XTZ) token could be purchased for $0.99. As a result of the sustained buying pressure, XTZ reached a new 6-month high. Tezos (XTZ), however, may see a price correction and a decrease in demand in the future, as per analysts. This is a common occurrence for coins that have been overbought, and is one reason why Tezos’ (XTZ) value may fall in the near future.
Snowfall Protocol (SNW) captures wide market interest
In the world of crypto, Snowfall Protocol (SNW) has made waves as an interoperability initiative. Besides serving as a platform for cross-chain monetary and asset transfers, Snowfall Protocol (SNW) also provides a variety of staking and yielding options for investors to profit from. With such a strong use case, soon there will be millions of people using Snowfall Protocol (SNW) to bridge the gap between the traditional financial system and virtual currency by interacting with various blockchain networks.
Snowfall Protocol (SNW) has the potential to dominate the DeFi business, and is already enticing investors with its massive profits of over 3000% so far. The second phase of the presale for Snowfall Protocol (SNW) closed a day earlier and the current phase is almost sold out. The presale of Snowfall Protocol (SNW) has already brought in over $4 million. The current price of Snowfall Protocol (SNW) is $0.191, and it will soon rise to $0.22 or more.
Get in while you can and invest in Snowfall Protocol (SNW) today!