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The combination of all these factors has resulted in most cryptocurrencies losing aggressively in the markets. seesaw protocol However, some have taken a heavier hit from the cryptocurrency industry’s bear markets than others, and the Seesaw protocol has been one of them. The utility of Seesaw Protocol (SSW) has the potential to be huge in the crypto space. It provides a genuinely multi-chain bridge between the Binance Smart Chain, Polygon, and Ethereum Networks. Its users will be able to use SSW to carry out cross-chain swaps from blockchain to blockchain. High fees and congested networks can be avoided and make the process of, for example, buying NFTs easier, cheaper, and quicker.
Short-Term Seesaw Price Targets
While Fantom is slower than Solana, it is still significantly faster than Ethereum; in a 2018 test run, its blockchain processed 25,000 transactions per second. However, Fantom makes a pretty compelling case for being the fastest blockchain in terms https://www.xcritical.com/ of time to finality. This is arguably the most critical statistic, as it represents the point at which a transaction is fully validated on the chain. The time required for Fantom to reach finality is approximately a second, compared to 13 seconds for Solana and more than a minute for Ethereum. The cryptocurrency industry has faced myriad challenges in the past few months. This has included a cryptocurrency crash, a strong industry-wide bear market, the total collapse of Terra Luna and UST, and a tough economy to invest in the cryptocurrency industry.
Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum
NFTs and the Metaverse have exploded into the public consciousness with the celebrity endorsements and the rebrand of Facebook. DeFi, or decentralized finance, puts the groundwork to revolutionize finance behind the scenes. The goal of DeFi protocols is to take power and control away from existing financial institutions and banks and put it into the hands of the people. Seesaw Protocol (SSW) is the crypto that everyone is talking about because it has had almost a 2250% increase in value since it began in mid-January 2022. The revolutionary crypto has a very powerful vision and arguably, this could be a big part of the crypto’s early success. It aims to educate and invest in the younger generation, in order to teach them how to use the Metaverse’s up-and-coming technology.
What is the Seesaw Fear & Greed Index and what does it indicate?
Seesaw Protocol (SSW) is the logical next step in the evolution of cryptocurrencies, providing a multi-bridge DeFi and NFT marketplace. Solana’s price increased by over 11,000 percent last year, establishing it as a significant player in the cryptocurrency world. Bitcoin remains a proof-of-work cryptocurrency, which means that mining it is extremely time-consuming and energy-intensive.
- If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.
- Additionally, it enables liquidity, which is critical for any cryptocurrency to continue trading smoothly.
- However, SSW will have a leg up on Fantom as it will enable people to transact between Binance (BNB), Polygon (POLY), and Ethereum’s (ETH) Smart Chain.
- The platform is capable of doing 15,000 transactions per second, and only has a transaction cost of $0.001.
- SSW is a democratic platform aiming to bridge the divisions between three well know platforms – Polygon (MATIC), Ethereum (ETH), and Binance (BNB).
- Recent sales of ‘undeveloped’ LAND have averaged around $10,000, according to blockchain data – but one tract of virtual land in the metaverse reportedly sold for $4.3 million in November 2021.
However, SSW will have a leg up on Fantom as it will enable people to transact between Binance (BNB), Polygon (POLY), and Ethereum’s (ETH) Smart Chain. Seesaw Protocol (SSW) shows that it believes in the crypto world’s future, as they will donate 1% of its marketing funds to international educational institutions. Another great feature of the decentralized crypto is that it aims to be a multi-channel DeFi platform, which allows its investors to bridge between Ethereum (ETH), Polygon (MATIC) and Binance (BNB). Seesaw Protocol (SSW) shows that it believes in the crypto world’s future, as they will donate 1% of its marketing funds to international educational institutions. However, Solana may be a riskier investment than Bitcoin as it makes use of the proof of history protocol, which is uncommon in the world of cryptocurrencies.
A big part of the reason could be because it is a blockchain that aims to give extremely fast transaction speeds by using sharding. The platform is capable of doing 15,000 transactions per second, and only has a transaction cost of $0.001. So it can definitely rival many bank transfers in terms of speed and money transfer companies in terms of cost, and it is a good feature for business worldwide.
SSW is down -25.96% against Ethereum and down -23.79% against Bitcoin in the last 1 month. Solana’s “wormhole bridge” currently only connects its blockchain to Ethereum. Seesaw Protocol, on the other hand, will function as a true cross-chain connector, between Binance’s Smart Chain, Polygon, and Ethereum. By this point, you probably would have noticed a recurring theme throughout this article. One that demonstrates how the evolution of cryptocurrencies creates value.
BlockTelegraph is the leading blockchain news publication, covering NFTs, DApps, and the decentralized finance industry. Seesaw Protocol (SSW) has just begun its presale stage, providing investors with an ideal opportunity to get in early. As we saw last year with Solana’s (SOL) incredible rise of more than 40,000%, getting in early on these types of cryptocurrencies can yield massive returns.
These built-in rewards (based on fees and referrals) keep wallets growing. Stacks has released Clarity, a new smart contract programming language that is designed to be both secure and simple to use due to its unambiguous syntax. The Algorand (ALGO) blockchain also uses this smart contract-centric programming language. These DApps are open and modular, which means that developers can build on top of each other’s apps to create features that would otherwise be impossible to achieve in a traditional app. Everything that happens on the network is settled on the most widely used and arguably the most secure blockchain in operation — Bitcoin — because Stacks uses Bitcoin as a base layer. If this sounds familiar, it’s worth noting that Stellar was based on the Ripple Labs protocol at its inception.
This will benefit holders, as the 3% is redistributed among existing SSW holders. The 5% sell fee is added as a liquidity pair alongside Binance Coin on PancakeSwap (BNB). This could help stabilize the cryptocurrency by encouraging people to hold rather than sell, thereby reducing volatility. Additionally, it enables liquidity, which is critical for any cryptocurrency to continue trading smoothly. Solana averages 50,000 transactions per second, compared to Ethereum’s 14 per second.
Since then, SSW price decreased 0.06x against US Dollar, decreased 0.05x against Ethereum and decreased 0.03x against Bitcoin. Ethereum is up +6.33%, Solana is up +5.29% and Seesaw Protocol is up +3% all in just twenty-four hours. Currently, the Seesaw Fear & Greed Index stands at 77, which means that investors’ sentiment is in the so-called Extreme Greed zone. Over the past 7 days, Seesaw price was most positively correlated with the price of and most negatively correlated with the price of .
Its 24 hour trading volume exploded by 2,400%, landing it ranked in Coinmarketcap’s top cryptos. Tezos is a proof of stake blockchain network that provides peer-to-peer transactions. It uses XTZ to deploy smart contracts through its decentralized platform.
Numerous programmable blockchains, dubbed parachains, are connected to the relay chain, each of which is capable of supporting decentralised applications (dApps) and decentralised finance (DeFi) services. Certain parachains can even connect to other blockchains, such as Ethereum. Polkadot is designed as a highly scalable smart contract platform comprised of an ecosystem of interoperable blockchains in an attempt to improve upon Ethereum.
We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Seesaw Protocol’s presale price has already increased from $0.005 to $0.016, meaning that holders have already profited by 300%, in under 2 weeks. Due to the fact that holders are unable to sell during the presale, the price can only continue to rise until launch. With this being the first presale phase, and if the current rate of buying continues, it stands to reason that early buyers have a chance of seeing 10x returns on their money before SSW’s launch in April. Seesaw Protocol will be available on PancakeSwap and will charge a fee for each transaction with each purchase of SSW carrying a 3% fee, and each sale carrying a 5% fee.