If the price surge of over 640% in the first stage of its presale is anything to go by, than it is innocuous to adopt the notion that Seesaw Protocol is profitable. The presale for Seesaw Protocol has been live for just under a month. According to its website, the price has already risen by over 1,000% as investors begin to get into the project early. As the project doesn’t officially launch until April 2022, there is still plenty of opportunities with Seesaw. The presale has another two stages to go with Stage 1 coming to an end on February 25. The SSW Protocol aims to be a cryptocurrency designed to bridge multiple blockchains, solving a vital interoperability issue in a new area.
It includes the collapse of the cryptocurrency, a massive industry-wide bear market, the complete collapse of Terra Luna and UST, and a challenging economy to invest in the crypto industry. Combining all these factors resulted in most cryptocurrencies losing aggressively in the markets. However, some of them have been hit harder by the cryptocurrency industry bear market than others, and the SeeSaw protocol was one of them.
- The first phase of its pre-sale ends on February 25th, and the expected tokens to sell are 178,200,000.
- People who were stuck at home for months on end, either working from home or on furlough, had time to study the ever-growing industry that is cryptocurrency.
- It’s been a high-yielding period for Solana whose price has risen by 37.7% in the past 14 days, at this time of writing.
- Its creators claim SSW will be able to merge Binance Smart Chain with Ethereum and Polygon .
Unlike Filecoin and Kadena, the Seesaw Protocol has not yet been offered to the general market. Because it is a newcomer to the cryptocurrency industry, its success is speculative. Having said that, the Seesaw Protocol has supplied some remarkable attributes that may result in a profitable enterprise for many investors. The protocol will be multi-chain spanning across both Ethereum and the Polygon network. There is also plans for a cross-platform NFT marketplace, and due to this multibridge capability, it could allow for transitions from ERC-20’s and their high gas fees to something more reasonable like the Binance smart chain.
This is good because it means there is more room for the price to grow rather than already well-established chains like Avalanche, for example. A utility cryptocurrency simply means that these coins and tokens proposition the right to procure a product or service. Founded in 2017 and launched in 2019, Solana is a blockchain network that supports both smart contracts and decentralised applications as well as non-fungible tokens .
According to Crypto.com, 106 million people invested in cryptocurrencies in 2021 and there are many predictions that the industry will more than triple in the next eight years. As a fully decentralised multi-chain platform, Seesaw Protocol look to solve an interoperability issue that is currently affecting the cryptocurrency industry today. A growth of over 2300% since the beginning of its presale in January is a remarkable achievement for the project for which this is just the beginning of its journey in the cryptocurrency market.
Kingsized Boost for Seesaw Protocol (SSW) – As Shiba Inu (SHIB) And Apecoin (APE) Attempt a Comeback
Traditional markets are slow and only rise at a pace of roughly 10% per year on average, but cryptos such as Dogecoin have risen by 70,000% in just a few months, making some people millionaires overnight. However, with so many new cryptocurrencies emerging, it’s difficult to decide where to invest your money next. The work may appear intimidating and increasingly complicated to the curious and those interested in the bitcoin industry. But don’t worry, readers will learn what cryptocurrencies are and how to invest in existing or current tokens such as SeeSaw Protocol in this post . Names like JP Morgan, Deloitte, and Tesla have publicly expressed their support for digital coins while also investing in them.
Given the volatile nature of the bitcoin market, picking the next investment is tough. Large-cap cryptos like Bitcoin , Ethereum , and Dogecoin do not appear likely to reproduce their stratospheric price rises after their first launches and have all plummeted by more than 40% since their all-time highs. This is due to the fact that they have already witnessed massive increases and have been widely accepted by investors, implying that they would not be able to have the same fantastic growth.
There is no doubt that the coin’s value has the ability to raise eyebrows and result in a good profit for investment. It will also be less expensive, thanks to plans for a cross-platform NFT marketplace and its multibridge access capability. However, Seesaw Protocol is not a passing fad, as it has an ambitious vision that will see it added to numerous exchanges as it seeks to be a true multi-bridge cryptocurrency.
Ripple‘s condition is exacerbated by the uncertainty of today’s markets. Selling pressure for XRP today as the network’s value has fallen below the 2022 volume control. Polygon started as a network for scalability, but it quickly expanded into the multipurpose ecosystem we all know and utilise today. Currently, The Sandbox’s live price today is $2.96 with a 24-hour trading volume of $1054,194,277. The Sandbox is up 8.96% in the last 24 hours, with a ranking of #38 on CoinMarketCap.
Cryptocurrency has long been the debate about whether a digital payment system can be trusted. From the absence of centralized central banks to creating such a currency using a mining process, much remains to be understood by investors and the public today. Some crypto investors have pointed out a few concerns about the protocol. While it does offer a much needed solution in the crypto world its huge token price crash is of concern.
As a decentralised exchange, Uniswap is considered a safe and secure investment. Although it had some stumbles at the start of the new year, most experts believe that in the near future, Uniswap can be an excellent cryptocurrency to put your money on. Kadena has its own blockchain and its own cryptocurrency, the Kadena token. It is used as a native token to compensate anyone who is willing to mine blocks on their network.