This past week has seen significant progress in the crypto market, both in project development and token price value. In this article, we’ll look at the top stories that made headlines this week.
Stellar Gets Appointed to The CFTC’s Global Market Advisory Committee
In the latest move by the US regulatory board to acknowledge the importance of blockchain and cryptocurrency, the Commodity Futures Trading Commission (CFTC) has added Stellar’s Stellar Development Foundation to the global market advisory committee. CFTC reactivated this committee to discuss the best ways to regulate the digital asset market. The committee will advise the CFTC on the best ways to address issues affecting the US financial markets.
Stellar will sit on the committee with traditional finance representatives such as J.P. Morgan, Goldman Sachs, and BlackRock as the only crypto company representing blockchain companies. The announcement is huge for crypto and Stellar, as the company will provide the committee with a crypto-native perspective.
NEAR Looks Strong to Continue Its Rally
Even though the overall crypto market rally appears to be fading, the price of Near Protocol remains strong. NEAR has so far been one of the top performers in 2023. NEAR’s value has more than doubled in half a month, from $1.2 to $2.6.
The general market recovery has been one of the causes of this recovery. However, most of NEAR’s rally has been fueled by the expansion of the web3 economy. Since 2020, NEAR has seen massive user growth, with over 22 million NEAR wallets being created in the network. Today NEAR supports nearly 1000 projects. NEAR hopes to further solidify its position in the crypto ecosystem in 2023 with its sharding mechanism, Nightshade. Sharding speeds up and expands transaction capacity. Nightshade will boost NEAR’s chances of competing with Ethereum.
Snowfall Protocol Leads The 2023 Market Rally with A 500% Price Increase
Snowfall Protocol (SNW) sits atop the gainers list with a 500% increase in value over the last three weeks. This comes as the protocol’s presale campaign nears its conclusion on February 3rd.
Snowfall (SNW) kicked off its presale campaign in Q4 2022. In the first 2 phases of this campaign, Snowfall Protocol (SNW) sold 195 million Snowfall tokens to raise $3 million. To date, Snowfall has raised over $5 million and this value continues to grow as demand for Snowfall tokens (SNW) grows. The tokens are currently valued at $0.191 per token, with a launch value of $0.22 expected. After Snowfall is launched, this price is expected to shoot up and return up to 5000% to early investors.
Snowfall Protocol (SNW) is a decentralized protocol that facilitates the transfer of fungible and non-fungible tokens across chains. Users can use the Snowfall Protocol (SNW) to transfer assets between the most widely used Ethereum Virtual Machine (EVM) and non-EVM compatible chains. Snowfall (SNW)l is a pioneer in the next generation of cross-chain transfer platforms.
Hop in and invest in Snowfall Protocol (SNW) today before the presale closes: https://presale.snowfallprotocol.io
To learn more about Snowfall Protocol, visit:
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
