Snowfall Protocol (SNW) has become a huge success in the cryptocurrency market in recent trading events. The teams behind the protocol are very excited about how it has attracted millions of investors.

The Attraction is Surging

Just recently, the trading price of the native token of the Snowfall Protocol “SNW” skyrocketed. It led to gaining the attention of millions of investors who are eager to become part of its ecosystem.

The number of buyers is constantly rising, creating a lot of demand for the asset, and pushing its price tremendously higher.

Why the High Demand?

The cryptocurrency industry has an abundance of projects and protocols offering exchange services for non-fungible tokens (NFT) and fungible tokens (FT).

However, there is no protocol or platform where the users were allowed to exchange the NFTs with the FTs. However, the Snowfall Protocol has been introduced as the protocol that enables such ability.

Through the new platform, users are able to exchange not only fungible tokens but they can also do the same with non-fungible tokens.

There are no limitations in that the users can only swap NFTs with NFTs or FTs with FTs. They can swap/exchange the NFTs with the FTs and vice versa.

If you are already surprised to hear such a capability of the protocol, then you’ll be surprised even more to learn that the protocol offers the capability on multiple blockchains.

The users can perform the tasks without having to depend on any kind of intermediaries or third parties. This is something big that the cryptocurrency industry has been offering for the first time since the Ethereum blockchain.

The users are glad and are more than glad to use the service that the protocol has to offer.

Snowfall Protocol to Launch a DApp

The teams behind the protocol know very well how they need to bring in more crowds and keep them engaged for a long.

For this purpose, they have made an announcement that they are working on a DApp for their protocol. They are currently in the development phase of the DApp and will be launching it very soon.

With the launch of the new application, users will be able to trade different kinds of assets through multiple channels.

These channels include blockchains that are compatible with EVM. Surprisingly, the same utility will be available for the blockchain networks that are not compatible with the EVM.

Apart from performing trades on a single blockchain at a time, the users will be able to do it on multiple blockchain networks.

SNW is becoming the Top Choice

When it comes to return on investments, there is no other protocol that is able to match the growth witnessed by the Snowfall Protocol.

The protocol has been growing larger with time and the situation is constantly growing favorable for its users. It is among the top performers in the decentralized finance (DeFi) market.

The token had marked its presence even when it was undergoing its presale period. Its popularity started to gain momentum right when the first presale phase was launched for the token.

The data provided by the on-chain firms shows that in the past couple of months, more than 200 million SNW tokens have been sold. It is a huge figure given the token is very fresh and new in the market.

SNW Price has Surged 400% So far

Ever since the presale of the token has begun, the value of the token has surged. From the time of the first presale until now, the value of the token has surged more than 400%.

The token is expected to launch somewhere during January 2023. Analysts are predicting that the price of the asset will surge by 5000% when it makes its public debut.

The price of the SNW token is worth $0.14 and if the 5000% surge kicks in, then its price will surge over $7 in a matter of days.