This year appears to be the year of small guys in cryptoverse. Almost every major cryptocurrency has crashed, sometimes leaving a long trail of devastation in its wake. We’ve witnessed the likes of Terra being wiped out of the market. We’ve also seen over $2 trillion lost from the crypto industry. However, there are islands of light in this sea of darkness. Against all odds, some of the small-time cryptos are shining brighter than their large counterparts. Today, we’ll look at some of them.
Aptos is the reincarnation of Facebook’s vision for the metaverse. Aptos was developed on the Move programming language by former Facebook employees. They designed Aptos to make it possible for developers to create a variety of dapps that solve real-world problems. One of the highlights of Aptos is that it can process over 15,000 transactions per second. A recent test pushed that number to 130,000. Aptos is built for scalability, reliability, security, and usability. To make it easy for developers to build dapps on Aptos, the founders have created extensive documentation on how to use the platform’s resources.
Unlike Meta’s project, Aptos gives users governance tokens and allows them to steer the cryptocurrency to suit the larger community’s needs and not just one organization. So, Aptos has the potential to be a breakout crypto, and just yesterday, it registered an 8.66% growth.
Quant was launched in 2018 as an interoperability project to connect multiple blockchains. Quant intends to build an operating system that connects multiple blockchains. Developers can use Quant to build multi-chain apps called mapps, which make use of multiple blockchains and utilize their individual benefits to give users a seamless experience. Quant has established strategic relationships with the likes of Amazon, Oracle, Rockefeller Capital, and so on. So, it’s clear that Quant has a robust foundation supporting it. But the question is whether Quant is a good investment.
QNT took a hit recently with the FTX crash and lost one-third of its value. Recently, however, Quant has made steady gains to recover half of its lost value. Just yesterday, a 6.33% growth put Quant on track to a solid recovery. But until Quant restores to pre-FTX crash levels, we don’t recommend buying it.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is another blockchain interoperability project that’s gaining widespread attention. As the newest blockchain in the industry, Snowfall Protocol (SNW) has generated a lot of buzzes. Snowfall Protocol (SNW) offers almost all the benefits of Quant and some more. Snowfall Protocol’s multi-chain bridge connects a variety of blockchains with each other. Users of SNW tokens could move their assets and funds between any blockchains of their choice.
However, what differentiates Snowfall Protocol from Quant is its value proposition to token users. Besides interoperability, SNW also offers to stake and yielding opportunities. So, users can earn handsome passive income by providing liquidity for transactions. Snowfall Protocol (SNW) held a presale last month. Stage 2 of the sale concluded a day earlier. Stage 3 has begun today with SNW token selling at a 250% premium compared to its Stage 2 price. However, at $0.075, SNW is still affordable to most retail investors.