Every morning in the world of cryptocurrency starts with major price fluctuations, new collaborations, and surprising announcements. In this article, we cover the latest news about 3 popular cryptocurrencies – Dogecoin (DOGE), Shiba Inu (SHIB), and Snowfall Protocol (SNW). Dogecoin (DOGE) fears being sidelined with the launch of new Twitter Coins.
Several Dogecoin (DOGE) investors believed that Elon Musk was backing it. However, with the release of Twitter Coins, these investors are fearing that Elon is no more backing Dogecoin (DOGE), which brings an end to the Elon – DOGE saga.
Shiba Inu (SHIB), on the other hand, has announced its partnership with Bugatti Group. However, it is difficult to say if this partnership will drive Shiba Inu (SHIB) to $0.15.
Amidst all this chaos, Snowfall Protocol (SNW) is showing signs of a major price surge. Snowfall Protocol (SNW) witnessed a 500% increase in its price during the presale stages.
Twitter Coins To Sideline Dogecoin (DOGE)
The rumor about Elon Musk launching his Twitter Coins had been floating around the market for quite some time. The rumor started with a Twitter interface leak that showed the new coin feature.
Finally, on January 11th, 2023, Jane Manchun Wong revealed evidence proving that Twitter will be rolling out its coin feature soon. Wong, a reverse engineer and security researcher, shared screenshots of the new feature.
He said that users will be able to reward each other using Twitter Coins for posting individual tweets. One can buy Twitter Coins using fiat money. The minimum transaction amount will be set at $50. He also revealed that Stripe will handle the buying and selling of Twitter Coins.
Dogecoin investors now fear that Musk has ditched DOGE. He has not even tweeted anything on Dogecoin (DOGE) in the past few weeks.
At the time of writing, Dogecoin (DOGE) is trading at $0.0847. Dogecoin (DOGE) prices have fallen miserably in the past few months. Dogecoin (DOGE) was at $0.177 in January 2022.
Shiba Inu (SHIB) Collaborates With Bugatti
The 2nd largest meme coin, Shiba Inu (SHIB), has recently announced its partnership with Buggatti Group. Bugatti is a renowned brand that manufactures business bags, sanitary products, and suitcases.
Shiba Inu (SHIB) team has also released a video clip of a Bugatti bag featuring the token on it. However, the two organizations haven’t yet cleared the intent behind the collaboration.
Currently, Shiba Inu (SHIB) is at $0.00001029. Last year, in January 2022, Shiba Inu (SHIB) price was at $0.00003084. Shiba Inu (SHIB) has fallen by over 76% crashing its historic gains of 2021.
The community believes that burning tokens will increase the price. The Shiba Inu (SHIB) community has burned 10.9 million tokens, and will continue to burn around 4 million tokens by the end of 2023. However, it’s just 0.000007% of the total supply, which might not bring much benefit to the Shiba Inu (SHIB) price.
Snowfall Protocol (SNW) Promises Investors 1000% Return
Snowfall Protocol (SNW) is a cross-chain bridge that aims to build an interoperable blockchain ecosystem. The multi-chain ecosystem will simplify the interaction between multiple blockchain networks.
Snowfall Protocol (SNW) will help users to securely and seamlessly transfer fungible and non-fungible tokens. The dApp, set to launch sometime soon, will enable users to swap assets across EVM-compatible and non-EVM-supported chains.
The popularity of Snowfall Protocol (SNW) among investors is evident from its whopping price surge of 500% during its presale stages. During the transition from stage 2 to stage 3 of the presale, Snowfall Protocol (SNW) saw a 250% increase in its price. The third presale stage is currently on-going, and the price of Snowfall Protocol (SNW) has reached $0.191.
Over 195 million tokens have been sold during Snowfall Protocol’s (SNW) presale stages. Observing the rate at which the tokens are sold, experts predict that Snowfall Protocol (SNW) will disrupt the crypto industry after its launch. Market stats show that early investors can expect to earn a 1000% return on their investment at the time of launch.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
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