Binance (BNB) Will Back Terra Classic’s Upgrade, Cardano (ADA) Introduces Custom-built Sidechains, Snowfall Protocol (SNW) to Have its Grand Launch Soon
Recent news in the crypto space has brought three tokens into the limelight: Binance (BNB), Cardano (ADA), and Snowfall Protocol (SNW). While the former two are in the headlines due to recent changes in their ecosystem, Snowfall Protocol (SNW) is all the rage due to its functionalities and potential, despite being new. Keep reading to learn more.
Binance (BNB) up 9% this week
Binance (BNB) is a cryptocurrency platform whose ecosystem consists of decentralized blockchain networks. Binance (BNB) has earned its name as the leading cryptocurrency exchange platform in the world based on daily trading volume. Binance (BNB) recently announced on Twitter that it would support the upcoming Terra Classic upgrade on Jan 21. Terra Classic is set to discard the re-minting of a portion of its burnt tokens, which is likely to have a positive effect on its price . Binance (BNB) deals in over 50% of Terra Classic’s trading volume and thus, its support is crucial for the token. Binance (BNB) will disable the deposit and withdrawal of LUNC tokens, at the time of upgrade, for three hours, but users will still be able to trade. Binance (BNB) is currently priced at $303.2, and up by 1.3% compared to a day earlier. Binance (BNB) has been demonstrating improved market performance lately, where, in the last week, the token has risen by over 9%.
Cardano (ADA) will launch sidechain through IOG collaboration
Peer-to-peer transactions are made possible by Cardano (ADA), a layered blockchain technology that is open-source and decentralized. Cardano (ADA) has been making new changes to its ecosystem lately, including the upcoming DJED launch. In a recent development, IOG (Input Output Global), a blockchain engineering company linked with Cardano (ADA), released the official sidechain toolkit documents for the platform through a tweet on 12th Jan. This sidechain will be an independent blockchain that will run alongside Cardano’s (ADA) mainnet. Cardano (ADA) seeks to scale its network with the introduction of this sidechain, and the community is excited about this news. Cardano (ADA) is currently on the way up, trading at $0.35, with an increase of 0.2% in the past 24 hours. The sidechain launch in collaboration with IOG is expected to have a positive impact on Cardano’s (ADA) price. However, proper research is important before investing in a token like Cardano (ADA).
Snowfall Protocol (SNW): an interoperability wonder
Snowfall Protocol (SNW) acts as an interoperability solution that links many blockchains, and enables the exchange of data, NFTs, and money. The goal of Snowfall Protocol (SNW) is to create an interconnected network where all significant blockchains may communicate with one another. Snowfall Protocol (SNW) has a wide range of use cases, which would allow investors to migrate seamlessly their cryptocurrency holdings from one platform to another to profit from greater staking rewards, interest rates, or other advantages. Snowfall Protocol (SNW) makes it possible to trade in assets whether they are EVM compatible or not. Many cryptocurrency investors are drawn to Snowfall Protocol (SNW) as they believe that a decentralized protocol is the future of the industry. As a result, more than 250 million Snowfall Protocol (SNW) tokens have been sold, reflecting its growing demand. Experts predict that Snowfall Protocol (SNW) will increase by approximately 5000% after launching. Thus, other cryptocurrency investors are attempting to buy some Snowfall Protocol (SNW) tokens before they run out. Currently, the final presale round of Snowfall Protocol (SNW) is ongoing, where its price has risen to $0.191. Experts strongly suggest investing in Snowfall Protocol (SNW) as its price is only going to soar with its launched on 3rd Feb 2023.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!