Place/Date: - March 2nd, 2022 at 11:13 am UTC · 3 min read
Source: Seesaw Protocol
The year 2022 hasn’t been the smoothest for crypto enthusiasts. From the massive highs that almost every major coin reached in 2021, it has seen a significant dip since the turn of the year. Bitcoin (BTC), the number 1 ranked crypto asset, is down by more than $3000 since the end of December. Despite this, the latest market rally has seen the top 10 cryptos increase notably.
Binance Coin (BNB) and Cardano (ADA) are amongst these. In fact, the top 25 coins ranked by market cap are all in the green over the last 24 hours. The market cap for all cryptocurrencies combined is up 10% and at its current rate could surpass the $2 trillion mark for the first time since early February 2022. With established cryptocurrencies expanding, attention is turning to new projects. What looks to be one of the most promising new crypto releases is Seesaw Protocol (SSW).
Binance is the biggest crypto exchange in the world by trading volume, and Binance Coin (BNB) is the native currency of Binance. BNB is the 4th biggest cryptocurrency by market cap, behind only Bitcoin (BTC), Ethereum (ETH), and the stable coin Tether (USDT).
Binance Coin (BNB) is up more than 12% over the last 24 hours and is priced at $409 at the time of writing. Considering that Binance Coin is the token of an exchange, and is used for the small fees that transactions on the Binance Smart Chain (BSC), it often reflects the health of cryptocurrency. As the wider crypto market rallies, so does BNB.
Cardano (ADA) has the 8th biggest market cap, and ADA has been an established cryptocurrency for a considerable amount of time, having been founded in 2017. The developers behind Cardano have noble aims, and want to use crypto and the blockchain to “redistribute power from unaccountable structures to the margins to individuals”.
As with the other major crypto projects, Cardano has started March 2022 with a bang. At the time of writing it has increased by around 10%. It is priced at $0.97 and ADA holders will hope that it can break the psychological barrier of $1 for the first time in 2 weeks. This would indicate a more bullish upturn and solidify the rally as more than temporary.
Something that has definitely been more than temporary is the rise and rise of the first stage of the Seesaw Protocol (SSW) presale. Its utility is as a multi-chain bridge that allows its users to conduct cross-chain swaps between the Binance Smart Chain (BSC), the Ethereum (ETH) Network, and the Polygon (MATIC) Network.
SSW is part of the DeFi (decentralised finance) sector, which has been tipped to be one of the fastest-growing sectors of the cryptocurrency market in 2022 and beyond.
With under 6 weeks remaining of the presale, there is no better time to invest in a project that’s price will only increase at least as long as the presale lasts, and very possibly once it is launched to the public.