Binance Coin (BNB) and Filecoin (FIL) are leading the charge as the majority of the crypto market recovers in the early days of 2023. Snowfall Protocol (SNW) is also making headlines. While the latter two are commended for their recovery, Snowfall Protocol has piqued the interest of many following the success of its presale campaign. Stick around for more on Snowfall’s success and why you should invest in it today—from a record-breaking number of tokens sold to selling out early in one of the rounds. But for now, let’s return to Binance Coin and Filecoin.
Binance Coin Price Prepares for A Stronger 2023 Following BNB Chain’s Partnership With BMW
BMW is one of the most recent web2 companies to announce web3 plans. BMW recently collaborated with BNB Chain and Coinweb to integrate blockchain into its daily operations and develop a blockchain loyalty program for its Thai customers.
BMW will first integrate decentralized technology into its daily operations to eliminate tedious paperwork, and then Coinweb will develop a customized Web3 application for BMW’s customer loyalty program in the second phase. In the future, owners will be able to make purchases from BMW as well as from a connected ecosystem using rewards from the loyalty program. Transactions will be settled using Binance’s BNB chain. Binance Coin holders have shown optimism about the token’s long-term prospects following the partnership.
Filecoin Bullish as The Year Starts with Most Altcoins Recovering— Will It Sustain the Momentum?
With most altcoins slowly showing signs of recovery in 2023, Filecoin (FIL) has shown a distinct uptick from its peers. Filecoin, which is down 98% from its all-time high, is currently trading in the green on both daily and weekly charts, with a 9% increase on the day.
One of the primary reasons for Filecoin’s poor performance in the past has been limited adoption. Filecoin, which was created as a decentralized storage system with the goal of “storing humanity’s most important information,” has struggled to compete with established cloud storage providers such as Amazon Web Services (AWS) and Microsoft Azure.
However, despite this recent recovery, the long-term success of Filecoin and its ecosystem depends on development.
Snowfall Protocol Has Had A Successful Presale Run, With Over 200m Tokens Sold
The Snowfall Protocol presale campaign has been nothing short of a success. Let’s start with the campaign’s first two rounds. Snowfall Protocol sold 195 million Snowfall tokens and even sold out early in the second round due to high demand. The sale of these 195 million tokens generated $3 million. Remember, this was around the time when FTX was falling and sentiment in the crypto ecosystem was at its lowest.
And with its recently concluded third round, the value of Snowfall Protocol tokens had increased 400% from the first round and 250% from the second. During this time, the team was still hard at work developing and sharing a working prototype of the Snowfall dApp feature. Snowfall dApp features cutting-edge technology that will facilitate easy and secure asset transfer in the Snowfall ecosystem. This round sold 100 million more Snowfall tokens.
The point is Snowfall Protocol entered the ecosystem at one of the worst times in history and has still managed to do wonders. Snowfall Protocol is now in its final presale round and will go live on February 3.
Snowfall is a multi-chain interoperability protocol that allows for secure asset transfers and cross-chain transactions between blockchains. It is the first cross-chain transfer ecosystem that allows fungible and non-fungible tokens to be transferred between EVM and non-EVM chains.
Snowfall’s interoperability model and presale success are two indicators that this is a sure thing. Market analysts agree, projecting up to 5000% returns for early investors after the launch. What are you waiting for? You, too, can be an early investor today for as little as $100. The presale is now open at:
Learn more about Snowfall Protocol at:
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.