Place/Date: - January 27th, 2022 at 12:56 pm UTC · 3 min read
Source: Mike Warna
As 2022 begins, exciting and fresh opportunities come with it, particularly in the cryptosphere, which is gaining popularity as the global financial world increasingly adopts it. At the moment, there are a plethora of viable digital currencies available on numerous exchanges – but you don’t want to buy just any cryptocurrency.
I’m bullish on Bitcoin, Decentraland and SeeSaw Protocol this month, as I believe discount prices and the exciting exploding NFT market provide excellent investment opportunities.
Bitcoin (BTC) was the first cryptocurrency when it launched in 2009. Twelve years later, it continues to be more popular than any of its competitors. Bitcoin’s market capitalization is nearly $900 billion at the moment, accounting for 40% of the entire cryptocurrency market.
Apart from its historical significance, Bitcoin (BTC) is a finite asset. The total supply of tokens is capped at 21 million by its blockchain protocol. As a result, many investors make the analogy between Bitcoin and digital gold.
Regardless, fundamental economic principles dictate that when demand exceeds supply, which there is reason to believe will occur, an asset’s price will increase. Additionally, Bitcoin is currently at a discount price as it has fallen over 40% over the past month. As the old trading adage goes: buy the dip.
According to Forbes.com, Banking Firm JP Morgan recently doubled down on their prediction of Bitcoin, saying that it could more than double to around $146,000 in the long term. That’s a very healthy return on current levels.
Bitcoin (BTC) is the most popular digital asset among institutional investors, and as these large money managers diversify their cryptocurrency holdings, Bitcoin’s value is likely to increase significantly.
Decentraland (MANA) is one of the numerous platforms powered by Ethereum’s blockchain. It is a virtual world in which online residents can buy and sell land and other digital goods using MANA, the realm’s native currency. Entrepreneurial explorers can develop new revenue streams for Decentraland’s content and applications.
Decentraland’s popularity is growing. This summer, Sotheby’s opened a digital outpost in Decentraland, followed a few months later by a virtual music festival. At the moment, there are approximately 300,000 monthly active users.
A stake in Decentraland’s MANA token is equivalent to a wager on the platform. After all, as the virtual-community real estate grows, so will demand for MANA, the experience’s official governance token. I believe the price will reflect this.
According to its creators, Seesaw Protocol’s platform will enable users to conduct cross-chain swaps using multiple solutions at the best possible rates. Unlike Decentraland, which is only on Ethereum, Seesaw Protocol will provide a truly multi-chain bridge, connecting Binance’s Smart Chain, Polygon, & Ethereum.
DeFi’s have risen to prominence as one of the most rapidly growing and significant trends in the world of cryptocurrencies. The total value locked (TVL) across leading protocols reached an all-time high of $236 billion in October 2021, and PwC economists expect blockchain technologies to boost global GDP by $1.76 trillion by 2030. Seesaw Protocol is ideally positioned to capitalize on this still-developing market.
Seesaw Protocol has just begun its presale stage, providing investors with an ideal opportunity to invest in this exciting new venture from the ground up. As crypto investors have seen time and time again with the likes of Solana (SOL), Avalanche (AVAX), and Polkadot (DOT), getting in early on a cryptocurrency can yield massive rewards.
Just as Solana and Avalanche outperformed Bitcoin in terms of return on investment in 2021 following their launch, Seesaw could be tipped to replicate those results.
Enter Presale HERE.