Apecoin and Litecoin have been extremely well-liked on the time of their launch. Litecoin is without doubt one of the oldest cryptocurrencies whereas Apecoin was impressed by one of many largest names within the NFT enterprise, Bored Ape Yacht Membership. Nevertheless, the way forward for each cryptocurrencies seems bleak in the mean time. What’s modified?
Apecoin (APE) is In a Downward Spiral
Apecoin (APE) was launched with much fanfare in early 2022, but the token languishes at the bottom. After touching its all-time-high price of $23, Apecoin has tumbled in value. Every few months, Apecoin touches a new low, and investor confidence in the token has been waning. To be fair, Apecoin has made some progress over the past couple of months, but it’s far from recovering to its launch price.
The crypto universe is an increasingly competitive space where legacy cryptos are undergoing frequent hard forks to acquire new features and capabilities. In contrast, Apecoin continues to have a narrow focus. Apecoin is primarily used by APE ecosystem users. Although Apecoin has the potential to grow, innovation is needed to expand beyond its current limitations.
Litecoin (LTC) Is Being Forgotten
Litecoin (LTC) is one of the oldest cryptocurrencies in existence. It was the first big altcoin to challenge the dominance of bitcoin. Although Litecoin shared many similarities with bitcoin and was a derivative of bitcoin’s codebase, its low transaction fees and high speed have made it a hit among early crypt users. However, in the sea of new cryptos with advanced utilities and features, Litecoin has lost its relevance and uniqueness. Even the MWEB soft fork that granted it privacy features has failed to distinguish it from its competitors.
Today, Litecoin continues to be popular due to network effects for transactions. While Litecoin is far from dead, its users are slowly moving away from the platform. Litecoin is trying to become the most fungible, cash-like cryptocurrency and become the de facto choice for businesses accepting crypto payments. Whether that’s enough to help it thrive remains to be seen.
Snowfall Protocol (SNW) is Fast-innovating
Snowfall Protocol (SNW) is a soon-to-be-launched interoperability bridge that has already raised $3 million over three presale levels, even earlier than its launch. A new token like Snowfall Protocol (SNW) might elevate such funding due to its utility and real-world functions. (SNW) goals to attach all main cryptocurrencies and create an web of blockchains. (SNW) will add stablecoins to its bridge within the first stage after which add different EVM and non-EVM blockchains.
Apart from the core utility, Snowfall Protocol (SNW) additionally provides dex providers, cross-chain swapping, staking, yielding, and different functionalities. For these causes, the (SNW) worth has elevated by 250% between stage 2 and stage 3 presale occasions. Analysts count on the token to shoot up by 5,000% by Q2 2023.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
