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Major developments are happening in the cryptocurrency world. Shiba Inu (SHIB) is launching Shibarium L2 Beta, Dogecoin (DOGE) support is being added to Robinhood, and Snowfall Protocol (SNW) is launching with expectations to bring higher returns.
These developments demonstrate the ongoing innovation and growth in the cryptocurrency industry.
Shibarium, a layer-2 network that would operate on top of the Ethereum mainnet, will soon have a beta release, which was announced by the creators of the dog-themed coin, Shiba Inu (SHIB), in a blog post.
Developers of Shiba Inu (SHIB) provided information regarding layer-2 blockchains in the announcement. They made it clear that the development of Shibarium aims to provide a platform that would empower the users to develop the project, and accomplish the founder's intended goals.
The developers stated that the latest infrastructure update aims to transform the Shiba Inu (SHIB) ecosystem by enhancing speed, lowering entry barriers for small transactions, including non-fungible tokens, and enabling decentralized applications.
One of the most frequently requested project additions, a burning mechanism for Shiba Inu (SHIB), is a crucial update in the most recent announcement. Shiba Inu (SHIB) community members emphasized how happy they were about the recent development. Some people think the Shiba Inu (SHIB) ecosystem's future holds a lot of promise.
At the time of press, Shiba Inu (SHIB) has a live price of $0.000012, and a $288 million 24-hour trading volume. Shiba Inu (SHIB) has increased by 0.27% during the past 24 hours.
With the latest announcement of the Robinhood Wallet launching, it has formally joined the market for cryptocurrency wallets, but without the inclusion of Dogecoin (DOGE). The firm says it is gradually handing out the service to more than a million customers on the Robinhood waitlist. However, many were upset that the wallet initially didn't support Dogecoin (DOGE).
The Dogecoin community expressed concern about the wallet's inability to provide support for DOGE, and the American retail trading platform responded by stating that it is "hard at work" on a fix. The Dogecoin (DOGE) community was pleased with the announcement, especially since it was brought to light that Robinhood would soon start offering additional meme coins.
Dogecoin's (DOGE) current price is $0.08, and its 24-hour trading volume is $455 million. Within the past day, Dogecoin (DOGE) has decreased by 0.03%.
The multi-phased presale campaign for Snowfall Protocol (SNW) started in the last quarter of 2022, and will culminate in the first week of February. Over 350 million Snowfall Protocol (SNW) tokens have been purchased throughout the campaign, and each of the presale rounds have been sold out. In fact, a day ahead of schedule, the second round was sold out. By the completion of the second presale round for Snowfall Protocol (SNW), which was in late November, $3 million had been raised.
The dApp from Snowfall Protocol (SNW) makes it simple and secure to transfer both fungible as well as non-fungible assets. Leading investors are beginning to see Snowfall Protocol's (SNW) long-term potential, which makes this a great time to invest in the project since the price is still fairly low in comparison to where it will be when the presale phase closes on February 3. The value of Snowfall Protocol (SNW), which is presently trading at $0.19, is expected to increase.
Snowfall Protocol (SNW) is also set to launch with high expectations for returns, making it a promising project to keep an eye on. Thus, it will be interesting to see how the developments related to Shiba Inu (SHIB), Dogecoin (DOGE), and Snowfall Protocol (SNW) unfold in the future.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
