Shiba Inu (SHIB) climbs 20%, Billions of Luna Classic (LUNC) tokens being burnt monthly, and Snowfall Protocol (SNW) gains 1000 new users ahead of Feb 3rd launch

In recent years, thousands of cryptocurrencies have emerged and gained popularity as good investment options. While some of these cryptocurrencies have thrived over time, many have fallen out of relevance due to their little to no use case or application.

Over the past few weeks, Snowfall Protocol (SNW) has been gaining dominance in the crypto space with record-breaking demand and development. The token has been a top performer, even more than Shiba Inu, which gained 20% in price, and Luna Classic (LUNC), which underwent burning. Read on to learn more about the latest strides in the crypto space about Snowfall Protocol, Luna Classic, and Shiba Inu.

Shiba Inu (SHIB) Climbs 20%, Shibarium Beta Testnet to Launch Soon

Popular memecoin, Shiba Inu (SHIB), continues its upside momentum with a 20% gain over the past 72 hours after its developers released a teaser of its upcoming layer two network Shibarium. The ShibArmy community and the whole crypto market have reacted positively to the landmark change that can potentially increase the value of Shiba Inu (SHIB).

The Shibarium is undoubtedly a strong sentiment for the rise in the value of Shiba Inu (SHIB) and other tokens within Shiba Inu’s ecosystem. Since Shibarium’s announcement earlier this year, Shiba Inu has gained so much attention that meme coins are surging in price. The token currently trades at $0.0000122, about 50% up this year. Investors and experts are impatiently waiting for the launch of the L2 Shibarium network as it is a game changer for the Shiba Inu token (SHIB).

Luna Classic (LUNC) Yield 12% Following Billions of LUNC Tokens Were Burnt

As part of its monthly Luna Classic (LUNC) burn mechanism, the crypto exchange platform has burnt yet another 6.39 billion Luna Classic tokens (LUNC). The Binance Luna Classic burn mechanism will destroy more than 20 billion LUNC tokens minted when UST depegged. Binance started the burn last year, and by October, it had burnt more than half of the target.

Luna Classic (LUNC) is seeing undeserving support and bullish sentiment for the first time since crashing from the UST’s crash in May 2022. The burn weighs in on Luna Classic’s price rise as analysts speculate an extended rally for the Luna Classic token (LUNC). Luna Classic is currently trading at $0.000184 and has crossed a billion-dollar valuation since May 2022. Meanwhile, despite the slowdown in Luna Classic’s growth, it has considerably grown by 40% this year. 

Snowfall Protocol (SNW) See Record-Breaking Demand, Gains 1000 New Users Ahead of Feb 3rd Launch

One of the most important projects in the crypto space right now – Snowfall Protocol (SNW), is getting all the attention it deserves. Snowfall Protocol (SNW) is a blockchain-based cross-chain bridging solution built to aid the secure and hassle-free transfer of funds to and from over 200 blockchain networks.

The mission of the Snowfall Protocol (SNW) is a significant development in crypto space. The protocol’s main goal is to enhance blockchain interoperability and interchain communication by providing a canonical token bridge and wrap/swap system where users can move crypto assets and NFTs.

With the Snowfall Protocol, individuals, developers, and businesses will enjoy more inclusivity and flexibility. It will also aid the emergence of a new breed of cross-chain dApps and protocols. Since its launch, Snowfall Protocol (SNW) has held two successful presale stages that saw to the sale of more than 200 million Snowfall Protocol tokens (SNW) and a $5 million raise.

Snowfall Protocol token (SNW) is in the final stage of presale and is trading for $0.191. The token is speculated to grow by 1000x and has amazingly delivered 3700%. Demand is soaring higher, especially since Snowfall Protocol (SNW) released a working prototype of its bridge DEX and staking dApp ahead of its forthcoming launch on February 3rd. So hurry up and buy the Snowfall Protocol token (SNW) at an underpriced value before it spikes at launch.

the rewards of being an investor in the Snowfall Protocol (SNW). Hurry and sign up today! 🤩🔥

Website: https://snowfallprotocol.io 

Telegram: https://t.me/snowfallcoin 

Presale: https://presale.snowfallprotocol.io 

Twitter: https://twitter.com/snowfallcoin