The rapid ascent of decentralized finance has spawned a plethora of crypto projects. Each of them is attempting to do something that none of the established cryptos have done before, or at least trying to do it better than them. Our focus today is Snowfall Protocol (SNW), Tron (TRX), and Monero (XMR), which have carved out a niche for themselves. Let’s find out what the future looks like for these cryptos.
Tron (TRX) is a decentralized crypto-based operating system that allows content creators to create dApps. It’s like a huge, cloud-based, global operating system on which you can build decentralized applications that offer your content to your fans. Besides protecting your IP rights on your content, Tron (TRX) also lets you deliver your content directly to your fans, whether for fixed pricing, subscription, or any other payment arrangement. What’s unique about Tron (TRX) is that it eliminates the role of intermediaries who charge commissions and impose their own content rules on creators.
Tron (TRX) also supports the USDD stablecoin project, so its utility just got another bump. However, these benefits have not translated into upward growth momentum for Tron (TRX). In fact, it increasingly looks like Tron (TRX) will keep falling in the coming weeks until it hits the $0.03 support price from its current $0.05 level.
It looked like Monero (XMR) had everything good going for it for a while. Monero almost completely anonymizes transactions executed on its platform. For privacy-minded individuals and criminals who want to cover their financial tracks, Monero (XMR) is an obvious choice. Currently, Monero (XMR) offers the highest level of privacy among all cryptocurrencies. Its use is so pervasive among international criminals that several governments have banned Monero (XMR) entirely. And their decision is not going to change anytime soon.
For this reason, Monero (XMR) has never witnessed the massive buying pressures that multiply other tokens by 50x or so. Due to sustained pressure from world governments to stifle Monero (XMR) transactions, the crypto’s future is largely uncertain.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a multi-chain bridge. In other words, Snowfall Protocol (SNW) connects multiple blockchains together. The purpose of this is to make it possible for users to move their funds and NFTs from one crypto to another. Imagine using Bored Ape NFTs to play games on Axie Infinity or winning NFTs on Decentraland and selling them on Solana’s NFT marketplaces. It’s all possible with Snowfall Protocol (SNW).
Given the ambitious nature of Snowfall Protocol (SNW), its native token is selling like crazy. The presale and stage 2 sale were a complete wipeout, with the tokens selling out a day earlier during stage 2. The ongoing stage 3 sale has witnessed the Snowfall Protocol (SNW), price shoot up 400%, and the tokens are running out fast. Snowfall Protocol (SNW) is currently trading at $0.14, which leaves a lot of room for its growth in the future.
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