BC.Game

Buy the Dip? Will Ethereum (ETH) Bounce Back Ahead of Seesaw Protocol (SSW) Presale?

Place/Date: - January 27th, 2022 at 3:15 am UTC · 4 min read
Source: SeeSaw Protocol

The year 2022 has been widely heralded as bringing new opportunities for cryptocurrency and its proponents. However, January has not fulfilled that promise as of yet. There have been a series of dips felt across the board, from the major players like Bitcoin (BTC) and Ethereum (ETH) to popular meme coins such as Dogecoin (DOGE). An imminent recovery could be the perfect time to launch a new cryptocurrency, and Seesaw Protocol (SSW) is the most notable new release.

After a historically successful 2021, many analysts had predicted a slight correction towards the end of the year before a continuation of the bull run. The dips have proved to be bigger in size and longer in time than many had initially thought, and have even provoked several crypto experts to call the beginning of a bear market.

Some cryptocurrencies have rallied over the last 7 days but are still considerably down on the peak of what was seen in 2021. Cardano (ADA) is almost 7% down as of the 19th of January despite being 13% up compared to a week ago. This mini-rally has seen ADA recover a portion of its losses since it reached an all-time high of $3.10 in September 2021. It currently sits at $1.39, 55% down on its ATH.

Ethereum (ETH) Has Big Plans for 2022

Ethereum is ranked 2nd of all cryptocurrencies when it comes to total market cap. Despite its prominent position, ETH has not proved immune to dips. At the time of writing, ETH is at $3,068, which is 37% down on its peak of $4,891 from only two months ago in mid-November 2021. In 2021 Ethereum shot up by over 550%, and its developers hope 2022 will be even more successful.

There are several reasons for this. Primarily, ETH is transitioning into its upgrade, ETH 2.0, which will solve the oft-criticized issues such as high gas fees, slow speeds, and environmental issues. With this transition, Ethereum 2.0 will move from a proof-of-work protocol to a proof-of-stake protocol. According to co-founder Vitalik Buterin, this will allegedly allow it to process up to 100,000 transactions per second.

Crucially, most of the innovations in the crypto-sphere are happening and will happen, on the Ethereum Network. Ethereum can be the base blockchain, or layer 1, for other blockchains, known as layer 2, to operate on. Many DAOs (Decentralised Autonomous Organisations) and the DeFi (Decentralised Finance) ecosystem use Ethereum and are tipped to grow in 2022. Chief among the growth markets are NFTs, which have exploded into the mainstream. Most of the major NFTs are bought and sold with ETH, and Ethereum 2.0 will make this quicker, easier, and cheaper. These innovations could help ETH bounce back and find new highs in 2022.

Seesaw Protocol (SSW) Shows Significant Promise Already

Seesaw Protocol is a fully decentralized and multi-chain DeFi platform that has just launched its presale. SSW will first deploy on Binance Smart Chain, followed by Polygon, and then Ethereum Networks. The ability to conduct cross-chain swaps could be highly advantageous for those affected by the high gas fees and slow speeds on some networks. Buying NFTs on Ethereum can be a timely and costly affair and the ability to move transactions onto more gas-efficient networks could help to grow the market even further.

A key factor in the launch of new cryptocurrencies is having a plan for its future, including attempting to secure some stability in its early days. Seesaw Protocol comes with a 3% buy fee and a 5% sell fee. The fee attached to each purchase of SSW is split into 3:

  • 1% is redistributed to existing holders
  • 1% is paired with BNB and added to a liquidity pool
  • 1% to marketing

Similarly, the 5% fee on every sale of SSW is split into 3:

  • 1% is redistributed to existing holders
  • 3% is paired with BNB and added to a liquidity pool
  • 1% to marketing

Seesaw Protocol’s (SSW) has launched and this is the earliest opportunity to get in on what could be a very exciting venture from the ground up. As has been proven time and time again with the likes of Shiba Inu (SHIB) and Solana (SOL) early investments can have massive dividends in both the short and long term.

For more information check out the following links: WebsiteTelegramTwitterInstagram.

Enter Presale HERE.

Share: