As the world becomes increasingly digital, it’s no surprise that cryptocurrencies are on the rise. While Bitcoin Cash (BCH) and Litecoin (LTC) have both seen their fair share of ups and downs, Snowfall Protocol (SNW) has emerged as a strong contender in the race to become the leading digital currency. In this article, we will discuss why (SNW) is poised to overtake BCH and LTC in the coming months.
Bitcoin Cash (BCH) may soon become legal tender in St. Kitts and Nevis
Saint Kitts and Nevis, a small island nation in the Caribbean, is working to make Bitcoin Cash (BCH) legal tender on its territory by March of this year. The move with Bitcoin Cash (BCH) would bring the country in line with others like El Salvador, which made bitcoin legal tender in June 2021. After the Caribbean Prime Minister spoke, the price of Bitcoin Cash (BCH) rose to $103, but has since declined. The price of Bitcoin Cash (BCH) is currently $101.53. The value of Bitcoin Cash (BCH) has fallen by more than 7% in the last month and by 76% in the past year. The current price of Bitcoin Cash (BCH) is still well below the 2021 high of around $1,500. In 2017, Bitcoin Cash (BCH) reached an all-time high of almost $4,300.
Litecoin (LTC) falls despite increasing transactions
The price of Litecoin (LTC) seemed to be deviating from its peers, which boosted its trajectory while most cryptoassets struggled to hold their price high due to the crypto winter. According to the most recent data, Litecoin (LTC) is the second most popular cryptocurrency for payments with crypto payment processor BitPay, right after Bitcoin. As of now, Litecoin (LTC) accounts for 27% of all BitPay payments. The percentage of Litecoin (LTC) transactions processed by the world’s largest payment processor increased by 109% last year. Additionally, Bitcoin has been shown to be widely used for high-value transactions, while Litecoin (LTC) remains the coin of choice for small purchases. As a result, the price of Litecoin (LTC) surpassed the $70 mark last month. However, the bears showed no sign around the $85 level for Litecoin (LTC). Litecoin (LTC) lost nearly $10 today to trade at $75.79.
Snowfall Protocol (SNW) is gaining popularity after a significant price increase
Investor interest has been high in Snowfall Protocol (SNW), a multi-chain interoperability platform, released its dApp prototype. The Snowfall Protocol (SNW) dApp prototype can be used with both EVM or non-EVM compatible circuits. Snowfall Protocol (SNW) has enjoyed tremendous success in its pre-sale stages, attracting the attention and support of many prominent figures in the cryptocurrency industry. Although Snowfall Protocol (SNW) has recently joined the market, according to experts, it has a bright and prosperous future ahead of it. Additionally, the price of Snowfall Protocol (SNW) is rising as the expected launch date approaches. The second phase of the Snowfall Protocol (SNW) was a great success, ending a day ahead of schedule after liftoff. over $3 million and $100 million in sales signs. The final Snowfall Protocol (SNW) presale is currently underway and is expected to end soon as most of the available tokens have already been purchased. The Snowfall Record (SNW) has been very successful as seen by it more than 500% price growth in the 3rd stage of pre-sale.
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