As The Graph (GRT) and Osmosis (OSMO) Bite Dust, Snowfall Protocol (SNW) Leads Crypto Recovery!
By many accounts, the cryptocurrency industry is at the same stage the dot com industry was over two decades ago. A slew of massive experiments, projects, and innovative solutions to humanity’s biggest problems are envisioned and realized using cutting-edge digital technologies. Just like the dot com boom had its winners and losers, so does the crypto world. Here’s a quick review of the successful and failing projects from the world of crypto.
The Graph (GRT)
The Graph (GRT) is an indexing protocol for querying data for blockchains. Developers and users can use APIs called subgraphs to retrieve blockchain data from The Graph (GRT). Over the years, thousands of subgraphs have been created on The Graph (GRT) by application developers on the platform. The Graph (GRT) rewards its indexers, curators, and delegators for the work they do, and also for the amount of The Graph (GRT) tokens they hold. Despite launching on a high note and raising tens of millions of dollars over time, The Graph (GRT) has lost 99% of its value over time.
The Graph’s (GRT) performance – both its rise and its fall – has awed industry observers. Even yesterday, The Graph (GRT) lost over 3.85% of its value in a single day, a substantial fall for a crypto of its size.
Osmosis (OSMO)
Osmosis (OSMO) is a decentralized exchange in the Cosmos ecosystem. Osmosis (OSMO) connects to all blockchains in this ecosystem (47 of them currently) to allow users to perform transactions and create liquidity pools across all of them. As an automated market maker, Osmosis (OSMO) offers a flurry of De-Fi solutions and features, which put it on a path to becoming the biggest dex on Cosmos. However, following Osmosis’s listing on the Binance platform, allegations of insider trading have hit the crypto, which has sent its price tumbling down. An investigation is underway to ascertain the validity of these accusations, and only time will tell what this means for Osmosis.
In the short term, Osmosis (OSMO) suffered a setback. As a result, its price, which was already well below its launch price, has further eroded. For now, Osmosis (OSMO) is not going anywhere but down.
Snowfall Protocol (SNW)
Unlike Osmosis (OSMO) and The Graph (GRT), Snowfall Protocol (SNW) has been making huge strides in the crypto market. The cross-chain bridge, Snowfall Protocol (SNW), is allowing crypto users to transfer their assets from one blockchain to another with ease. Snowfall’s presale happened a month ago, and the token is already selling at a 30% premium in the grey market. By the time of its launch, Snowfall Protocol (SNW) is expected to grow by 5,000%.
Currently, Snowfall Protocol (SNW) is priced at $0.065, which means that investors can get in on the token before it begins its 1,000x growth story. So, this is a great time to go bullish on Snowfall Protocol (SNW).
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
The post As The Graph (GRT) and Osmosis (OSMO) Bite Dust, Snowfall Protocol (SNW) Leads Crypto Recovery! appeared first on Analytics Insight.
By many accounts, the cryptocurrency industry is at the same stage the dot com industry was over two decades ago. A slew of massive experiments, projects, and innovative solutions to humanity’s biggest problems are envisioned and realized using cutting-edge digital technologies. Just like the dot com boom had its winners and losers, so does the crypto world. Here’s a quick review of the successful and failing projects from the world of crypto.
The Graph (GRT)
The Graph (GRT) is an indexing protocol for querying data for blockchains. Developers and users can use APIs called subgraphs to retrieve blockchain data from The Graph (GRT). Over the years, thousands of subgraphs have been created on The Graph (GRT) by application developers on the platform. The Graph (GRT) rewards its indexers, curators, and delegators for the work they do, and also for the amount of The Graph (GRT) tokens they hold. Despite launching on a high note and raising tens of millions of dollars over time, The Graph (GRT) has lost 99% of its value over time.
The Graph’s (GRT) performance – both its rise and its fall – has awed industry observers. Even yesterday, The Graph (GRT) lost over 3.85% of its value in a single day, a substantial fall for a crypto of its size.
Osmosis (OSMO)
Osmosis (OSMO) is a decentralized exchange in the Cosmos ecosystem. Osmosis (OSMO) connects to all blockchains in this ecosystem (47 of them currently) to allow users to perform transactions and create liquidity pools across all of them. As an automated market maker, Osmosis (OSMO) offers a flurry of De-Fi solutions and features, which put it on a path to becoming the biggest dex on Cosmos. However, following Osmosis’s listing on the Binance platform, allegations of insider trading have hit the crypto, which has sent its price tumbling down. An investigation is underway to ascertain the validity of these accusations, and only time will tell what this means for Osmosis.
In the short term, Osmosis (OSMO) suffered a setback. As a result, its price, which was already well below its launch price, has further eroded. For now, Osmosis (OSMO) is not going anywhere but down.
Snowfall Protocol (SNW)
Unlike Osmosis (OSMO) and The Graph (GRT), Snowfall Protocol (SNW) has been making huge strides in the crypto market. The cross-chain bridge, Snowfall Protocol (SNW), is allowing crypto users to transfer their assets from one blockchain to another with ease. Snowfall’s presale happened a month ago, and the token is already selling at a 30% premium in the grey market. By the time of its launch, Snowfall Protocol (SNW) is expected to grow by 5,000%.
Currently, Snowfall Protocol (SNW) is priced at $0.065, which means that investors can get in on the token before it begins its 1,000x growth story. So, this is a great time to go bullish on Snowfall Protocol (SNW).
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
The post As The Graph (GRT) and Osmosis (OSMO) Bite Dust, Snowfall Protocol (SNW) Leads Crypto Recovery! appeared first on Analytics Insight.
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