Dogecoin Slumps, but Litecoin and Snowfall Protocol Thrive

• Dogecoin (DOGE) experienced a significant drop in value after Elon Musk stepped down as the Twitter CEO following a user poll on the social media platform.
• Litecoin (LTC) was upgraded with Mimblewimble Extension Blocks (MWEB) in May 2022, increasing the currency’s potential for private transactions.
• Snowfall Protocol (SNW) has been performing well in its presale stage 3.

Dogecoin (DOGE) experienced a major dip in value after Elon Musk stepped down as the CEO of Twitter following a user poll on the social media platform. The poll, which was conducted on Monday, received over 17.5 million responses in the span of two days, with 57.7% of voters wishing for the billionaire to leave his position as CEO of the company. Following his announcement, the value of Dogecoin (DOGE) has been steadily declining.

In contrast, Litecoin (LTC) has had a successful year with its Mimblewimble Extension Blocks (MWEB) upgrade, which was completed in May 2022. This upgrade increased the currency’s possibilities of becoming the preferred payment method for private transactions. This was Litecoin’s (LTC) biggest upgrade this year, and it has proven to be quite successful in the past months.

Another new cryptocurrency, Snowfall Protocol (SNW), has also been performing well in its presale stage 3. The privacy-based cryptocurrency has been gaining traction and is becoming increasingly popular amongst investors.

Overall, while Dogecoin (DOGE) has experienced a drop in its value after Elon Musk’s departure from Twitter, other cryptocurrencies have had a successful year. Litecoin (LTC) has seen successful upgrades, and Snowfall Protocol (SNW) is gaining traction in its presale stage 3. It remains to be seen what the future holds for these coins in the coming months.