Seesaw Protocol (SSW) is a fully decentralised multi-chain DeFi platform with plans to impact the crypto market long term. It has its main network as Binance Smart Chain (BSC) and will allow you to bridge between the Ethereum (ETH) and Polygon (MATIC) networks creating a very productive blockchain to run transactions on.
Seesaw Protocol (SSW) Makes The List Of Top Cryptocurrencies To Invest In
SSW going live proved the crypto analysts that predicted there would be a spike in demand and the value of the utility token right. It joined its successful presale predecessors Ethereum (ETH) and Filecoin (FIL), both of which also made their investors happy.
It had a very successful week after going live on the 8th of April. Already, the token made an impressive return for its investors with its presale launch earning over 3900% and is on its way to earning its investors even more going forward.
Cryptocurrency analysts have forecast that SSW has a lot of profit-making prospects. It is predicted to have a return of 36% on initial deposits in April and an over 70% increase in four weeks. It has also poured $1 million in liquidity into the pool to keep the network functioning. Some potential investors might feel it is too late to invest in this new token and have any reasonable return but quite the opposite. There is still so much in store for investors from the token in the coming months and that makes it a great time to jump on Seesaw Protocol.
Cryptocurrency Market Facing Over $200 Million Loss
The cryptocurrency market has registered a loss over the past week with top tokens dropping in value.
Solana (SOL) has gone down 0.57% in the last 24 hours. SOL was dubbed the ETH killer when it first launched but it seems that ETH is recovering from the challenge. Although, analysts are saying that the value drop is healthy as it means the altcoin is gearing up for a price spike.
Some good news for SOL investors however would be that Coinbase now supports SOL tokens as well as other currencies on the Solana network and Opensea is looking to integrate the network.
Cardano (ADA) saw a 5% loss over the weekend and the coin is predicted to drop even further moving forward.
However, despite the drop in the token, ADA public sentiment is at an all-time positive high since November of 2021. Also, the amount of wallets on the Cardano network has grown in the past month. The Cardano Blockchain Insight reported that there have been about 100,000 new wallets created since the middle of March. Also, there’s been 400 more projects built on the Cardano network this past month. With all these, crypto analysts are expecting the token to bounce back from its low.
Seesaw Protocol like other new generation tokens doesn’t need to be sold to make a profit. The tokens give back a part of the transaction fee as an incentive to hold the coin for a long period of time. So, buying and holding the SSW token is going to be a good source of passive income for its hodlers. It can also be used for liquidity purposes.
Seesaw Protocol (SSW) is also sustainable as it plans to donate part of its profits towards charity initiatives.