Crypto investment has been on the rise in recent years, and more people flocking continue to flock to invest in digital assets. Over the years, many crypto projects have emerged. While renowned existing projects like Ethereum (ETH) and Aave (AAVE) were a success, many of them were a flop.
New entrants like Snowfall Protocol (SNW) are already gaining huge traction as one of the best cryptocurrencies to watch out for. Snowfall Protocol (SNW) is a cross-chain bridging solution, and it remains the top-performing token above many renowned cryptocurrencies. If you’re looking for the most profitable cryptocurrencies, here are the top three to watch out for.
Snowfall Protocol (SNW)
At the top of the three cryptocurrencies to watch out for is Snowfall Protocol (SNW). The multi-chain asset transfer ecosystem aims to simplify chain-to-chain communication by opening the gate for anyone to freely and seamlessly interact with all blockchain networks.
Snowfall Protocol (SNW) cuts out the technical barrier between blockchain networks so that individuals, businesses, and developers can enjoy an inclusive system to move funds freely between networks. This way, anyone can build, develop or take part in any project regardless of their technical restrictions or blockchain network.
At its core, the canonical/reverse canonical bridge powers Snowfall Protocol’s (SNW) crypto asset transfer. Also, the wrap/swap system controls NFT transfer, making Snowfall Protocol (SNW) the first token bridge for NFTs. This benefits P2E gamers, content creators, NFT enthusiasts, and collectors looking to enjoy secure, low-fee, and high-speed NFT exchange across more than 200 blockchains.
So far, Snowfall Protocol (SNW) has raised more than $5 million in presale. The token is currently trading in the third and final round for $0.191, about a 3700% rise from initial presale price. Analysts affirm that its 3700% growth is only the tip of the iceberg compared to the growth it will see at launch. Therefore, if you’re seeking to invest in a gem token with 1000x potential early, Snowfall Protocol (SNW) is your best shot.
Aave Protocol (AAVE)
Aave (AAVE) is an extensive Ethereum-based DeFi ecosystem for borrowing and lending cryptocurrencies. It provides a liquidity market where users can get automated crypto loans up to a certain amount of their collateral or earn passive income by depositing their assets. Aave (AAVE) is an important innovation in the financial world as it gives free, fair, and equitable access to crypto loans without KYC requirements or credit scores.
Aave (AAVE) is one of the most popular lending and borrowing protocols. The platform is worth $1.1 billion in valuation, putting it among the top 50 cryptocurrencies by market cap. Since launch, Aave (AAVE) has gained 2200% before clinching an all-time high price of $667 in May 2021. Meanwhile, the 2022 crypto crash dragged its price down by 92.4% to $51. So far this year, the Aave token (AAVE) has gained 57%, and experts think it has great potential for the bull run in 2023. Meanwhile, Aave DAO has revealed plans to launch stablecoin.
Ethereum (ETH) is one of the most important projects contributing to blockchain technology’s vast adoption and development. It is a community-driven decentralized, permissionless, open-source crypto platform with smart contract compatibility. For years, Ethereum (ETH) has retained its position as the second most valuable cryptocurrency by market cap behind Bitcoin.
Ethereum (ETH) is also the most popular smart contract platform – a component that has bolstered the emergence of an empire of next-gen applications, protocols, and dApps. Like many cryptocurrencies, Ethereum’s (ETH) price was battered by the crypto winter of 2022. The coin fell to about $900 from $4,900 all-time high price in November 2021.
On the brighter side, this will allow everyone to ape in at an 80% discounted price. Meanwhile, the recent Merge to Proof of Stake consensus mechanism will make Ethereum a more energy-efficient and sustainable chain. Investors are bullish on Ethereum (ETH) due to its growing ecosystem and sustainable features.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.