2021 was an unprecedented year for almost the entire financial sector. Investments in the traditional stock market delivered above-average returns against the ongoing backdrop of the COVID-19 pandemic. According to Forbes, the S&P 500 gained 26.9% this year. The Nasdaq gained 21.4% and the Dow Jones rose 18.7%.
However, when it comes to cryptocurrency, these returns seem small in comparison. Perhaps the most famous example of a massive ROI was seen by the meme coin Shiba Inu (SHIB), which pushed more than 74,000,000% from early 2021 to its all-time high that year.
While SHIB remains in the top 15 cryptocurrencies when ranked by market capitalization, most investors have chosen to put their money into what are considered more stable investments; Bitcoin (BTC) and Ethereum (ETH). An alternative source of stability is investing in pre-sale projects, such as the promising Seesaw Protocol (SSW).
Bitcoin (BTC) is still the king of cryptocurrency
Bitcoin (BTC) is the undisputed king of cryptocurrency. It is over 12 years old and has been on the tree most of the time. Thanks in part to Bitcoin’s popularity, there are now over 18,000 cryptocurrencies on leading listing platforms such as CoinMarketCap. BTC has declined in dominance as a result, but still retains more than 40% of the market share.
In the past seven days, Bitcoin is up more than 12% and is currently valued at around $43,600. This is a far cry from its all-time high of $68,789, reached in November 2021. Despite this, $43k can be considered quite a bit. recovery from the recent low of less than $35k.
Can Ethereum (ETH) Close the Gap on BTC?
Ethereum (ETH) has been around for nearly seven years and is well established as the world’s second largest cryptocurrency. Some optimistic analysts believe that Ethereum may soon bridge the gap between itself and Bitcoin, in part due to the ongoing boom in NFTs and the burgeoning popularity of DeFi (decentralized finance) projects.
Like its rival Bitcoin, ETH is significantly lower than its ATH. However, 2022 promises big things for ETH. The highly anticipated release of ETH 2.0 could make the price explode and possibly even double. These upgrades should resolve criticisms of exorbitant gas rates and frequent congestion on the ETH network.
Will the Seesaw Protocol (SSW) continue to make a splash?
Taking money out of the big two and into smaller projects became a hugely profitable method in 2021. Almost every altcoin saw new peaks and increased exponentially. In 2022 this will still be the case. A new release that has already made headlines is Seesaw Protocol (SSW). Since SSW is still in its presale period, the price can only go up until its launch on April 8. After this time, it may continue to rise and fall, as is often the case with new cryptocurrencies.
SSW started at $0.005 and has moved past $0.114 at the time of writing. This is an increase of over 2000% in 6 weeks and with more than five weeks to go, there is still plenty of time to invest in the presale if you want to.
Enter presale: https://presale.seesawprotocol.io/register
Website: https://seesawprotocol.io/
Telegram: https://t.me/SEESAWPROTOCOL
Twitter: https://twitter.com/SEESAWPROTOCOL
Instagram: https://www.instagram.com/seesaw.protocol
Disclaimer:
The above content is non-editorial content and BCCL hereby disclaims all warranties, express or implied, with respect to the content, and does not warrant, represent or necessarily endorse the content. Crypto/NFTs are unregulated, very risky and there may be no legal recourse for any loss from such transactions. Readers should exercise caution and comply with all applicable laws, including but not limited to tax laws. The above content does not constitute investment advice and promote, suggest or present Crypto/NFTs to solve financial problems/achieve financial security/act as an alternative to employment/income.
Disclaimer: Content produced by WP