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 SSW Protocol aims to be a cryptocurrency designed to bridge multiple blockchains, solving a vital interoperability issue in a new area. Its creators claim SSW will be able to merge Binance Smart Chain (BNB) with Ethereum (ETH) and Polygon (MATIC).
Because of this, the price of the token can only increase whilst in its presale or ICO (initial coin offering) stage. Also bearing in mind that Seesaw is yet to launch on major exchanges yet, along with the roadmap of the protocol, makes 10,000x sounds like a starting point for SSW crypto coin. Terra (LUNA) is ranked 1st by the market cap of DeFi protocols on leading listing seesaw protocol exchange CoinMarketCap. Its ecosystem is based on stable coins, and its native token, LUNA, is used to reduce or increase the supply. Its creators say that their network combines the worldwide usage of Fiat currencies with the security, speed, and flexibility of cryptocurrency. Trading and investing in digital assets is highly speculative and comes with many risks.
At the time of writing, it is over 50% down on its ATH and almost 20% down in the last 24 hours. The Seesaw token sale started on Jan 28, 2022, and lasted until Apr 8, 2022. Compared to its initial token sale price, SSW is currently showing an ROI of 0.06x against the US dollar, 0.10x against Bitcoin, and 0.12x against Ethereum. The Sandbox was actually created over 10 years ago; like Decentraland, it gives its users the opportunity to buy and sell land.
With a relatively small investment, it can lead to significant future profits. The utility of Seesaw Protocol (SSW) has the potential to be huge in the crypto space. It provides a genuinely multi-chain bridge between the Binance Smart Chain, Polygon, and Ethereum Networks. Its users will be able to use SSW to carry out cross-chain swaps from blockchain to blockchain.
Is the Seesaw protocol a good investment?
The EOS presale began with huge sales and lulled in the middle, before skyrocketing towards the end as hype built. An amount totaling more than $4 billion was raised over the course of 350 days. Cryptocurrency presales are used to garner attention, buzz, and funding for new crypto projects.
- Get the most profitable fully licensed fx/crypto brokerage software or ready-to-operate business in 48 hours.
- These tokens are made available thanks to a 3% tax fee that takes place on every transaction carried out on the network.
- The meme coins have reached their peak, and there’s only one way from the summit.
- There is no doubt that the coin’s value has the ability to raise eyebrows and result in a good profit for investment.
- As previously stated, the buy tax is set at 3%, and the selling tax is set at 5%.
The starting trading price of the coin is set at $0.005, while BNB, BTC, ETH, BCH, LTC, DASH, DOGE, USDT (ERC20-TRC20), and many others are allowed as the purchase currency. The term Metaverse was first coined in the early 1990s by US author Neal Stephenson. 30 years later in 2021, Mark Zuckerberg announced that Facebook would become Meta, and an emerging market boomed into life. Analytics Insight® is an influential platform dedicated to insights, trends, and opinion from the world of data-driven technologies.
Helium (HNT) and Mehracki Token (MKI) — Next Cryptocurrencies to Boom in 2022 After the Bear Market
The first coin offering for such coins is known as an ICO (Initial Coin Offering), and the SSW ICO is attracting a lot of attention. As a result, Seesaw Protocol has the potential to transform DeFi projects. Gas prices on blockchains, notably Ethereum, have a bad reputation for being exorbitant. The Seesaw Protocol can help holders find the best cross-chain transfers at the lowest prices. The work may appear intimidating and increasingly complicated to the curious and those interested in the bitcoin industry.
Tezos has similarities with Ethereum (ETH) in that its blockchain is based on smart contracts. Where it differs is in the creators’ claims that it could offer https://www.xcritical.in/ a more advanced and more adaptable infrastructure. It has billed itself as “the last cryptocurrency” and claimed to be “secure, upgradable and built to last”.
The presale for Seesaw Protocol (SSW) 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. Holders of these and many other coins saw exponential growth in their portfolio.
If this continues, the bare minimum that SSW would reach at launch would be $0.2. Other analysts have predicted it could go up even further before its release on April the 8th. Stage two of the Seesaw Protocol (SSW) pre-sale is almost two weeks in and has 18 days left to run.
How to invest in cryptocurrencies like the SSW protocol?
Considering there is still more than 7 weeks remaining in the presale, including 2 more stages, now is still an early time to invest in SSW. The price of Seesaw Protocol will continue to rise and not decrease until the project officially launches in April 2022. Seesaw Protocol (SSW) is a fully decentralized multi DeFi platform that offers its users to ability to bridge between multiple networks. On April 8th 2022, SSW launched on Pancake Swap after being locked in presale for three months. On April 14th, the tokens experienced their all-time high price, trading at $0.46.
However, one particular coin (XRP) failed to break its all-time high price of $3.84 which was set all the way back in 2018. On the flip side, Seesaw Protocol (SSW) is still in stage 1 of its presale but has outperformed all of the major coins with a mammoth 1000% rise in price in just under a month. The memecoin has seen multiple big percentage crashes but remains as one of the top-20 cryptocurrencies by market cap today.
The Seesaw protocol is an open source standard for liquidity pools, providing an endpoint for automatically creating a market (buying/selling tokens) on a smart contract». Leading cryptocurrencies of the Metaverse enjoyed huge gains on the back of Zuckerberg’s announcement. Decentraland (MANA) has the highest market cap of all the metaverse tokens, closely followed by The Sandbox (SAND), with $4.95 billion and $3.69 billion respectively. 2022 is expected to be a year of even more growth for these cryptocurrencies. Cardano (ADA) is the 8th ranked cryptocurrency and has a market cap of over $27 billion. Its transaction speed and low fees have seen it, at times, in amongst the top 5 cryptocurrencies.
SeeSaw Protocol appears to be in a good position as it prepares to take on established currencies by giving unique and intriguing new value. Enhance or build your brokerage business from scratch with our advanced and flexible trading platform, CRM, and a wide range of custom solutions.