Ultimate magazine theme for WordPress.

Joe Biden Reveals Groundbreaking Crypto “Roadmap” Following Bitcoin (BTC) and Ethereum (ETH) $2 Trillion Crash! Snowfall Protocol (SNW) is still the best choice for 2023

On Jan. 27 last year, the U.S. government announced it was launching a cryptocurrency “roadmap” that it said should “mitigate the risks associated with cryptocurrencies.” This roadmap consists of two paths. The first is a framework for developing digital assets, and the second consists of various US government agencies that are stepping up their enforcement roles.

How all of this will actually play out remains to be seen, but it is reasonable to speculate that this could be the result of the catastrophic crypto market collapse of 2022, specifically the hugely costly Bitcoin (BTC) and Ethereum (ETH) collapse. Regardless, the Snowfall Protocol (SNW) remains a top pick for 2023.

Bitcoin (BTC) holders took a serious dip

At the time of writing, Bitcoin (BTC) is hovering around just under $23,000. It seems almost impossible today to believe that Bitcoin (BTC) hit an all-time high of $65,000 in November 2021, just 15 months ago. Obviously, many people lost a lot of assets during this period. But Bitcoin (BTC) is the first and most well-known cryptocurrency, and it has recovered somewhat in recent months after falling, albeit briefly, below $20,000. There is clearly still a lot of faith in Bitcoin (BTC), but with a new round of US regulation looming, not to mention the UK following suit, Bitcoin (BTC) could be a long time before it flies high again.

Ethereum (ETH) trying to get off its knees

Ethereum (ETH) successfully completed a milestone project in September 2022 with the “merge”, i.e. the transition from a proof-of-work protocol to a proof-of-stake protocol. However, none of the excitement surrounding this important development seemed to have much impact on Ethereum (ETH) price, which is still floating below the $1,500 level after hitting its all-time high of $4,878 in 2021. Ethereum (ETC) is still a staple of the cryptocurrency and the first month of 2023 saw a 30% increase in value. Whether Ethereum (ETH) surpasses the relatively magical $2000 mark this summer remains to be seen.

Snowfall Protocol (SNW) is poised to hit the market

A persistent problem haunting the cryptocurrency world — and one that the Snowfall Protocol (SNW) aims to address — is the lack of Interoperability across the different blockchains. For example, if you have tokens on Ethereum (ETC), you cannot transfer them to the Binance Smart Chain – which you might do to yield a farm – as there is no bridge between them. You have to go through a third party platform to complete the move and that is more expensive and time consuming. Many experts believe this lack of interoperability has kept the cryptocurrency from broader adoption.

Well, Snowfall Protocol (SNW) solves this problem. The Snowfall Protocol (SNW) acts as a Bridge between different chains. Snowfall Protocol (SNW) is a Multi-Chain Interoperability Protocoll, which allows crypto holders to securely transfer their holdings across chains, thereby giving crypto investors flexibility and choice they did not previously have. After a hugely successful pre-sale phase, Snowfall Protocol (SNW) is nearing completion Launch in early February.

Diploma

If you hold Bitcoin (BTC) or Ethereum (ETH) then your best bet is to hold onto it, at least for now. Everything indicates that the worst could be over for both of them. But neither of these are delivering really exciting returns, and they may not be for some time. Snowfall Protocol (SNW), on the other hand, is likely to take the market by storm and bring in some huge gains for its early investors. Those holding onto their Snowfall Protocol (SNW) tokens also stand a chance of reaping nice rewards — like investors holding onto their Bitcoin (BTC) and Ethereum (ETH) — if the platform takes off as it should .

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

Comments are closed.

%d bloggers like this: