Also, for a crypto project that does not break the $1,000 trading volume in 24 hours, you should expect huge swings depending on who invests in any given trading session. Moving averages are among the most popular Seesaw price prediction tools. As the name suggests, a moving average provides the average closing price for SSW over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for SSW is a sum of SSW’s closing prices over the last 12 days which is then divided by 12.
Every investment and trading move involves risk – this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision. The fact that the project is backed by an anonymous team is also concerning to some people. Bitcoin continues to dominate the crypto market, yet its creator, Satoshi Nakamoto’s true identity, is yet to be known to date. SSW can be traded and farmed across the Binance Chain, Ethereum, and Polygon blockchains.
Seesaw Protocol (SSW) Price Grows Avoiding The Crypto Crash As Bitcoin (BTC) & Ethereum (ETH) Plunge Over 10%
The SSW price has dropped sharply to about $0.4060, close to its lowest level on record. This article will explain what Seesaw is and whether it is a good strategy to invest in it for the long term. The future of Seesaw is highly dependent on the overall performance of the crypto industry. When it comes to investing in SSW, you need to make sure that you are using the right strategy. This type of investment is not suited for those with an asymmetric risk profile.
However, its trading volume is only about $30,000, making such a significant increase in trading volume have less impact on the markets. Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. Just like with any other asset, the price action of Seesaw is driven by supply and demand.
He has also contributed widely in leading websites like rkdream.com, SeekingAlpha, iNvezz, DailyForex, and BanklessTimes. However, it’s important to consider both technical factors and fundamental factors (on-chain activity and development) before making the decision to buy Seesaw or not. Seesaw Protocol 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.
Is the Seesaw protocol a good investment?
Seesaw Protocol is a fully on-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain. The Seesaw Protocol is an open-source standard for liquidity pools, which in turn provide an endpoint for automated market-making (buying/selling tokens) against a smart contract. Seesaw Protocol will launch on PancakeSwap on the Binance Smart Chain and bridge between the Ethereum and Polygon networks. It claims that it will allow its users to carry out cross-chain swaps in an attempt to find the best speeds and lowest fees for a transaction. Some crypto investors have pointed out a few concerns about the protocol. While it does offer a much needed solution in the crypto world its huge token price crash is of concern.
In simple terms, the more people you refer and the longer you hold, the more your investment will increase in value. Another risk is that there is a high probability that the platform will not be successful, considering that the mainnet has not gone live. As part of the roadmap, the developers intend to launch the SeeSaw multi-chain bridge and swap in the year’s second quarter.
Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing. Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SSW price. Currencies that are positively correlated with Seesaw indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Seesaw, a move in one direction for Seesaw would translate into a move in the opposite direction for the negatively correlated coin. The most recent Death Cross in the Bitcoin market happened 70 days ago, on Oct 26, 2022. Comparing Seesaw against other important technological innovations and trends is one way of predicting where the Seesaw price could head over the long term.
Seesaw traders use a variety of tools to try and determine the direction in which the SSW market is likely to head next. These tools can roughly be divided into indicators and chart patterns. Value is locked in the project currently as it is still in its presale stage, meaning that investors avoid the panic sales seen across the other projects. In fact, investing in Seesaw Protocol right now could be one of the best things you could do for your money.
Seesaw Protocol Price Prediction: What Presale Data Shows
With this comes the knowledge that your investment will not go down. As these are stable by their name, they are stable by nature, and as a result, your investment will not go up either. USDT is ranked third by market cap behind https://xcritical.com/ Bitcoin and Ethereum but will always be tied to the dollar, with 1 USDT always being worth $1. The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider.
Cryptocurrency has been the word on everyone’s lips for a few years now. NFTs and the Metaverse achieved new levels of popularity & Bitcoin rose to nearly $70,000, smashing its new all-time high in the process. In today’s trading session, the Seesaw project is up by 9 per cent. The project has also been aggressively bullish throughout the week. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Seesaw’s price action in 1-hour chunks.
- If we compare the current market cap of the SSW with yesterday’s, you can see that the market cap is also down.
- Therefore, I expect to see crypto trade above $0.5 a few days after its launch.
- For currencies that are negatively correlated with Seesaw, a move in one direction for Seesaw would translate into a move in the opposite direction for the negatively correlated coin.
- According to specific experts and business analysts, Seesaw can hit the highest price of $0.012 till 2030.
- The latest news with Russia invading Ukraine has not helped the markets at all.
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Investment Analysis Historical performance and stats for all cryptocurrencies.GitHub Analysis Development activity on Github for open source cryptocurrencies.
Is Ethereum Poised for Recovery in 2023?
Tezos has similarities with Ethereum in that its blockchain is based on smart contracts. Where it differs is in the creators’ claims that it could offer a more advanced and more adaptable infrastructure. It has billed itself as “the last cryptocurrency” and claimed to be “secure, upgradable and built to last”.
They will then launch a cross-chain deployment on Ethereum and Polygon in Q3 and launch in Uniswap in Q4. Therefore, SeeSaw Protocol is a highly-risky DEX to invest in for now. Unfortunately, it is too early to determine whether the Seesaw Protocol will be a good investment in the long term. For one, the DEX industry is now being crowded, with mainstream projects like Uniswap and Anchor Protocol competing heavily with projects like VVS Finance and MM Finance, among others. Seesaw is a multi-chain decentralised, non-custodial ecosystem of Defi products, protocols and use cases.
However, it is still an excellent investment for those who have a high tolerance for risk and a solid financial position. In addition to its speculative nature, SSW also offers exposure to a global technology and an ever-growing ecosystem. In terms of price, Seesaw has an outstanding potential to reach new heights. According to specific experts and business analysts, Seesaw can hit the highest price of $0.012 till 2030. In the past 24 hours, the crypto has been decreased by 0.06% in its current value.
These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SSW. The market capitalization of Seesaw can change significantly in a short period of time. Most traders use candlestick charts, as they provide more information than a simple line chart.
Seesaw Protocol Price Prediction: SSW is Extremely Risky
CoinCheckup provides live cryptocurrency prices and charts, listed by crypto market cap. Get latest crypto prices, predictions, news, and historical data for Bitcoin and thousands of altcoins. However, what is clear is that today’s bullish trend is likely to end soon.
Get the latest cryptocurrency news directly in your inbox.
However, unlike most cryptocurrencies, it is currently impossible to buy the SSW cryptocurrency in mainstream exchanges like Binance, Coinbase, and Huobi. Instead, you can only buy it in PancakeSwap or its internal platform. In five years, Seesaw will have a minimum price of $0.002 and a maximum price of $0.002 per SSW. Since Seesaw is traded on a supply-and-demand basis, its value fluctuates drastically. Visit site68% of retail investor accounts lose money when trading CFD’s with this provider.
Seesaw Protocol (SSW) Presale: Will It Compare to Filecoin and Tezos?
Shiba Inu is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong. Kelvin Maina is a computer science graduate who has a passion for cryptocurrencies. In 2017, he became professional crypto and Forex technical analyst for CryptoPolitan and in 2022, he joined InvestingCube.com.
The Seesaw token is the utility token of the Seesaw protocol ecosystem. Holders of the tokens can use them to connect between the three blockchains to find the quickest and most reliable network at any given time. Launched in January 2022, the protocol is a fairly new and ambitious blockchain-based project created to bridge multiple blockchains. It currently runs on the BNB Chain with plans to also run on the Ethereum and Polygon blockchains.
The result has been a sharp increase in the price of the protocol. Seesaw Protocol is a blockchain project in the decentralized finance space. It is a multi-chain platform that will help people swap tokens, farm, and even use leverage to trade multiple tokens easily. Its governance token is SSW, whose supply limit has been capped at about 990 million tokens. Since its launch in January this year, the SeeSaw protocol has seen a growth of over 2000 per cent.