The year 2022 witnessed a significant rise and fall of many cryptos, including Polygon (MATIC), and Polkadot (DOT). The crypto market valuation underwent a hefty downfall with the Bitcoin prices slashing by more than 70% along with the total market cap dropping below $800 billion. While the bears had tightened their grip some projects were conceived, like Snowfall Protocol (SNW), which aims to thrive within the crypto space.

Snowfall Protocol (SNW) is a multichain interoperable platform facilitating asset transfers and cross-chain transactions between the blockchains. Since the beginning of the presale, Snowfall Protocol (SNW) has surged more than 500% in value, while Polygon (MATIC) and Polkadot (DOT) prices have continued to consolidate.

While the crypto markets have been flourishing in the past few days, Snowfall Protocol (SNW) is expected to go past Polygon (MATIC) and Polkadot (DOT) in 2023.

Polygon (MATIC) to Undergo a Hard Fork on January 17, 2023

The popular Ethereum layer-2 solution, Polygon (MATIC), is set to undergo a hard fork at block 38,189,056, to address gas spikes and chain reorganization issues. The official announcement was rolled out after discussions held for weeks on the Polygon (MATIC) Improvement Proposal (PIP). 87% of the 15 voters of the Polygon (MATIC) governance team voted in favor of the proposal.

Meanwhile, the value of Polygon (MATIC) surged beyond $1 for the first time since the FTX fiasco caused the market to collapse. Polygon’s (MATIC) price is currently trading at $0.993, failing to regain the $1 spot due to constant rejections for the past few days. With a significant bullish momentum mounted over the crypto, the price of Polygon (MATIC) is believed to resume its upswing to reach the upper targets.

Polkadot (DOT) Escaped a $200 million Loss Due to a Bug

A popular platform that has become the spotlight in the world of Web3, Polkadot (DOT), was saved from being hacked for nearly $200 million. Moonbeam, Astar Network, and Acala, the three Ethereum-compatible Polkadot (DOT) Parachains were about to become the victim of an impending attack. However, a researcher, Pwning.eth, discovered a loophole where-in unlimited wrapped Astar, Moonbeam, and Moonriver might have been created on their respective chains.

The hack was just escaped but the price of Polkadot (DOT) failed to sustain above the crucial resistance at 200-day MA levels at $6.48. Undoubtedly, the value of Polkadot (DOT) rose beyond $6.51, marking yearly highs. But the Polkadot (DOT) price was left rejected and continues to trade under the bearish influence at the time of writing.

Snowfall Protocol (SNW) at the End of the Presale

Snowfall Protocol (SNW) presale was held in different phases, of which the final phase is about to end in a few days. The official launch of Snowfall Protocol (SNW) is scheduled for February 03, 2023. After the official launch, Snowfall Protocol (SNW) is believed to lead the bull run within the DeFi space.

Snowfall Protocol (SNW) uses a bridge enabling the users to move their assets across different blockchains like Ethereum, BSC, and others. These bridges allow users to enjoy the benefits and explore features of other chains, enhancing interoperability within the blockchain space. The platform also offers stablecoins bridge, NFT bridge, and staking.

With advanced technology and unique features, Snowfall Protocol (SNW) has attracted a huge mass over its platform. Thus, the platform has now experienced massive gains of over 500% and accumulated over $3 million in the presale. Snowfall Protocol (SNW) price has surged significantly to mark new highs of $0.191.

Besides, industry experts believe the token to surge by nearly 5000% by the end of the presale, and after the official launch of Snowfall Protocol (SNW).

get in while you can and invest in Snowfall Protocol (SNW) today!!!

Presale: https://presale.snowfallprotocol.io

Website: https://snowfallprotocol.io

Telegram: https://t.me/snowfallcoin

Twitter: https://twitter.com/snowfallcoin

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