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On Monday, Curve (CRV) topped the charts of crypto exchanges with an impressive growth of 8.18% in value over the last 24 hours. Needless to say, Curve users were celebrating that day on their way home. However, with as much efficiencies as the Curve (CRV) offers, Cronos (CRO) and Snowfall Protocol (SNW) are better long-term investments for a number of reasons. Here is a quick analysis of the potential of the three coins for future growth.
Curve is a decentralized exchange for stable coins. Curve is also an automated money maker and provides liquidity for transactions on the platform. Last week, a proposal to enable CRV rewards for third-party applications on Curve passed with an overwhelming majority, effectively reducing the time required for such rewards. Previously, the allocation of CRV rewards would be passed only after weekly voting by Governance Voting Token (VCRV) holders. Now, Curve users no longer need to vote on the allocation of rewards, potentially automating the process completely.
This single decision could potentially bring many more third-party applications to the curve in the near future. After the vote, the curve has been climbing and a growth of 8.18% has been registered on Monday alone.
With over $2 billion in market cap, Cronos is one of the giants of the crypto world. It is an EVM-compatible PoS blockchain with tremendous applications. Cronos has ambitions to become the default cryptocurrency for crypto users, developers and businesses. Cronos is trying to do this by offering its users everything the world of D-Fi has to offer – low transaction fees, decentralized financial products, advanced financial services like lending and lending, NFTs, Web3 applications, Metaverse solutions , and many more.
With each passing day, the ever-expanding Chronos platform is adding more features and services to its ecosystem. So, a temporary drop of 2.63% in yesterday’s price or a 5% increase in the value of Cronos a day ago are minor changes that have no bearing on its long-term performance. Cronos has big plans. And only time will tell if Cronos will realize its lofty goals and become the top performing altcoin if not the top performing crypto.
Snow Protocol (SNW)
The Snowfall Protocol (SNW) is a surprising addition to this list, partly because it has a long way to go before it is even included in the big leagues. Snowfall Protocol (SNW) is now giving double digit daily returns for the entire month. Analysts expect the Snowfall Protocol (SNW) to grow by 5,000% by the time it is launched. Currently, its value is quite $.0.009. Hence, investors are buying it at a premium. After all, this is still the pre-sale phase for Snowfall Protocol (SNW).
Snow will enable users to transfer their NFTs between different NFT platforms. When the Snowfall Protocol (SNW) bridge is activated and connects the various blockchains, users can use their OpenC NFTs to play games on Decentraland or transfer the NFTs earned on the sandbox to their wallets on Solana . The potential is virtually unlimited. Therefore, almost all NFT users will be using Snowfall Protocol (SNW) once it goes live.
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