While Solana (SOL) has begun to recover quickly and has seen an increase in activity, Polygon (MATIC) will undergo a hard fork on January 17, Snowfall Protocol (SNW) It also continues to make waves and win the heart and money of investors. Continue reading below to find out more.
Solana (SOL) is starting to get her price back
The Solana (SOL) protocol aims to make it easier to create decentralized applications (dApps). By adding a Proof of History (PoH) consensus along with the underlying Proof of Stake (PoS) to the blockchain, Solana (SOL) seeks to increase scalability. While the FTX crash had a devastating effect on much of the crypto world and Solana (SOL) was no exception, the token has started to recover quickly. On Thursday, Citi Research revealed a report that discussed about 50 million Solana (SOL) tokens that are said to be stuck in Chapter 11 proceedings of cryptocurrency exchange FTX. However, activity on the Solana (SOL) blockchain remains at a high level. This may be due to the launch of the latest meme icon, BONK, on Solana (SOL). While this is good news, there is still plenty of compensation pending for Solana (SOL), as a large portion of the NFT pool left the platform last month. Solana (SOL) is currently trading at $22.29, up over 33% over the past 24 hours.
Polygon (Matic) to introduce big changes
Polygon (MATIC) is the first easy-to-use blockchain ecosystem compatible with Ethereum. The main goals of Polygon (MATIC) are to improve blockchain transactions and simplify scaling. Polygon (MATIC) recently announced a hard fork to its ecosystem that will address persistent major issues with the network. If approved, Polygon (MATIC) will be upgraded on January 17, 2023. For the relief of users, the fork is specifically intended to address transaction price increases and network restructuring difficulties. According to a Coindesk report, Polygon’s “sprint length” (MATIC) will be reduced from 64 to 16 blocks, allowing block producers to generate blocks for a much shorter period of time, from 128 seconds to 32 seconds. Polygon (MATIC) is currently sailing at $0.98 and is up 8.47% from the previous day. Polygon (MATIC) is currently in a bullish phase, with its price rising from 0.75 to nearly $1, since the new year.
Snowfall Protocol (SNW) price rose to $0.182
While Solana (SOL) and Polygon (MATIC) have seen significant developments in their ecosystems, Snowfall Protocol (SNW) She is not left behind as she continues to make a name for herself. Innovative items for Snowfall Protocol (SNW) Among the main reasons for its massive popularity and success. The innovative interoperability design of Snowfall Protocol (SNW) Customers avoid having to pay exorbitant fees to transfer funds through third party intermediaries. Snowfall Protocol (SNW) It removes incompatibilities when transferring digital assets from one blockchain to another. with help Snowfall Protocol (SNW)Users can participate and benefit from any blockchain project of their choice. Snowfall Protocol (SNW) price has been on the rise again and is currently available for $0.182And Stimulating investors and traders alike. last round of Snowfall Protocol (SNW) The pre-sale is now underway, and the project has been a rare shining light in what has been a hugely disappointing year for cryptocurrency. This is a great opportunity for investors since Snowfall Protocol (SNW) It is expected to rise over 5,000% over the next few days and reach new heights.