SeeSaw Protocol SSW sees a massive price rise in 2 weeks!
According to the official website, 30% of the SeeSaw cryptocurrency was reserved for the pre-sale, 10% for marketing, 5% as a bridge reserve and 4% for the developer’s wallet. Leading cryptocurrencies of the Metaverse enjoyed huge gains on the back of Zuckerberg’s announcement. Decentraland has the highest market cap of all the metaverse tokens, closely followed by The Sandbox , with $4.95 billion and $3.69 billion respectively. 2022 is expected to be a year of even more growth for these cryptocurrencies.
The Sandbox is Decentraland’s rival for top spot in the Metaverse. In the wake of Mark Zuckerberg’s Meta announcement late in 2021, it increased by 235%. As has been the case with almost every cryptocurrency, SAND dipped at the beginning of the year.
New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. Seesaw Protocol has a utility that makes it very attractive for investors. SSW acts as a multi-chain bridge between the Binance Smart Chain, how to buy seesaw protocol crypto Polygon, and Ethereum. This will allow its holders to conduct cross-chain swaps to navigate what can at times be debilitating gas fees as well as a tendency for congestion. As a result, seesaw protocol has the potential to transform DeFi projects.
- Another aspect of Seesaw Protocol crypto that is a bit of a red flag is the bonus referral program.
- The heady claims around its utility have also garnered a lot of attention.
- The investor, who was banned from the Telegram group, also mentioned being contacted over the phone, possibly to offer discounts on additional pre-sale purchases.
- While SAND’s market capitalization has increased significantly since its inception, this exponential growth will not be sustainable as their projects progress.
- Its success is speculative because it is a newcomer to the bitcoin business.
It was also stated that $1m of liquidity is committed to the coin. It should be noted that this cannot be independently quantified at this time. While the bulls would benefit from a swift comeback, it is unclear whether or not this will occur. As long as buyers unite and push the XRP price to the range high of $0.91, investors should anticipate XRP to make keep profiting from it. The initial capital investment in the dollar-pegged HOPE stablecoin will be used to build up bitcoin and ether reserves, while using those reserves to find a pricing peg. Later, users will be able to buy the HOPE coin to engage with ecosystem’s DeFi applications.
The CoinCodex Cryptocurrency Price Tracker
Bitcoin’s price is currently $43,000 per token, down from nearly $70,000 in November. Similarly, Ethereum is currently trading at around $3,300 per token, a significant drop from its recent peak of close to $4,900 per token. As history has shown with the likes of Shiba Inu and Dogecoin , these new cryptocurrencies can provide huge returns on very small investments. The truth is, a good crypto investment strategy should employ a bit of both. He has worked as a news writer for three years in some of the foremost publications.
While major cryptocurrencies are gaining utility, the majority of their growth is still driven by their potential real-world applications. In other words, while there is a possibility that cryptocurrency will explode and fundamentally alter society as we know it, there is also a possibility that it will fail. While falling prices are unsettling, they also present an excellent opportunity to “buy the dip.” Bitcoin and Ethereum are essentially on sale right now.
Is SeeSaw Protocol legit?
All those gains from the first folks in are nothing more than a hope at this point. Cardano 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. The beginning of the year has been less than ideal for holders of metaverse tokens like MANA and SAND.
Hence, it’s focused on benefitting the proprietors of cryptos without creating grounds for questioning its stability or environmental concerns. Using data from coinmarketcap.com, we can calculate the potential return on a $1000 https://xcritical.com/ investment for those who joined The Sandbox from the start. If you had invested in The Sandbox at its inception, you would have received an 18,000% return by the time it reached its all-time high in late November 2021.
What exchanges can I buy Seesaw on?
Do Your Own Research before using any third-party services or considering any financial action. The SSW Tokens are a gateway to developing bridges between various blockchains, DeFi platforms, and swapping governance tokens. However, there is no guarantee that crypto will succeed in the long run.
As these are stable by their name, they are stable by nature, and as a result, your investment will not go up either. USDT is ranked third by market cap behind Bitcoin and Ethereum but will always be tied to the dollar, with 1 USDT always being worth $1. Looking out for the next big project is unpredictable, but potential-laden tokens can be quite some task. With the recent noise around Seesaw , there are many expectations that this crypto is expected to meet. Several projects on the Ethereum platform also concentrate on decentralized finance and non-fungible tokens .
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Parallelly, the utility cryptocurrencies that currently exist are usually linked to DeFi Projects like Crypto Games or Metaverse. The holders of such tokens can use them to buy in-game items or acquire them by trading their in-game items. The job can seem daunting and increasingly difficult for the curious and those interested in the bitcoin industry. But not, you may learn how to invest in cryptocurrency and what is SeeSaw Protocol in this material. Gas fees on blockchains, particularly Ethereum, have a reputation for being extremely high during peak periods.
Ethereum, Binance, and Polygon will be the three primary crypto networks users may use to obtain the best possible rates and velocities for their particular transactions. Judging by recent discussions on Telegram, users encountered issues with conducting pre-sale transactions, a fact confirmed by one of Seedaw Protocol’s only tweets. Ripple‘s condition is exacerbated by the uncertainty of today’s markets.
The Seesaw Protocol presale began on the 24th of January and the release price was $0.005. In just over 2 weeks it has risen 450% and now each SSW is worth $.028. This is the first of 3 presale stages, and at the time of writing almost 100 million, SSW tokens have been sold. Say, it helps for making wide platform cross-blockchain NFT transactions easier besides allowing holders to swap them for any other mentioned tokens at any point.
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Seesaw Protocol seems to have a distinct edge over established participants at this stage of its pre-sale. This allows customers to choose the platform with the lowest gas fee at the time. The last pre-sale round ended on April 8, 2022, and 29,700,000 SSW tokens are expected to be sold. Until that happens, 500%, 1,000% or 50,000% gains in value equal diddly squat. Once distribution of tokens happens though, this could be a big sign that this isn’t a crypto scam.
This means that when the demand increases and more people become aware of this crypto after launch in April, your holdings will be worth more. There are 10 days left of the First Stage of the Seesaw Protocol presale. It has been demonstrated time and time again that investing in these cryptocurrencies early on can prove to be the most effective strategy for generating massive returns on investments. Matthew Makowski is a senior research analyst and writer at Investment U. He has been studying and writing about the markets for 20 years.
Seesaw Protocol (SSW) Soars 1000% In 3 Weeks
While not necessarily wrong, the tactic can be misleading, with SeeSaw potentially riding on the coattails of these better-known projects. We have no idea what developers will build on top of the Solana blockchain, but given the low transaction costs and fast transaction speeds, the possibilities are virtually limitless. Solana Pay was recently announced, allowing customers to pay merchants on the Solana blockchain using Solana or a stablecoin such as USDC — which is pegged to the US dollar. At that point, the network’s throughput may exceed one million transactions per second , with each transaction completed in less than 60 seconds. In comparison, Ethereum currently supports 14 TPS and frequently takes up to six minutes to complete transactions.
A proof-of-stake system is implemented using Ethereum’s current proof-of-work mechanism. To validate transactions with PoW, high-performance computers are required to solve intricate puzzles. On the other hand, an incentive-based approach rewards validators with a percentage of their Bitcoin holdings if they successfully verify transactions. A regular airdrop feature enables long-term holders of the token to earn extra coins. – in this day and age, keeping the creators of a project secret is less common. Given the amount of money already invested in this entirely virtual experience, it’s unsurprising that some of the world’s largest corporations are interested in participating.
Should You Invest in SeeSaw Protocol?
Seesaw Protocol is a fully decentralized multi DeFi platform that offers its users to ability to bridge between multiple networks. Crypto exchanges are where users can buy, sell, and convert different cryptocurrencies. Here you can find list of all SSW exchanges where you can buy and sell Seesaw, trade SSW with other cryptocurrencies including stablecoins, and fiat currency. You can search by exchange name to find out if SSW is available on your desired crypto exchange.
Is a US-based licensed platform that provides crypto exchange services for US residents. Without any substantial details, we cannot answer the questions “What is SeeSaw Protocol coin used for? ” Presumably, SSW coin will be used to facilitate swaps across different blockchains and possible governance options. Seesaw Protocol’s team is committed to building the best crypto community possible, and one way they are doing so is by adding a fee to each transaction. Each purchase of SSW is subject to a 3% fee, and each sale is subject to a 5% fee. This is advantageous for holders, as the fees are redistributed among existing holders of SSW, meaning the longer you hold the more tokens you’ll have.