It’s full steam ahead for the cryptocurrency industry as we enter the second quarter of 2022.
Not only do we start to see the official launches of newly-formed cryptocurrencies like Seesaw Protocol (SSW, but we start to gauge whether other cryptos like Terra (LUNA) and Polkadot (DOT) are able to replicate the growth they achieved in 2021.
Seesaw Protocol (SSW) sets alight the crypto market
After recording 4,000% growth since the launch of the Seesaw Protocol (SSW) presale, the cryptocurrency finally launched on Friday and to much fanfare.
With the initial presale price of SSW being $0.05, that’s since catapulted to $0.41, at this time of writing.
With those thinking that their time to invest has certainly come to an end, I wouldn’t be too sure about that.
A potential return of 36% on initial investments is on the cards in April and the recent six-month lock of $1 million in liquidity means that the potential of a rug-pull is zero as developers are unable to take out their stake in the crypto.
This in turn gives investors confidence in the project and its aim of becoming a real player in the crypto market.
SSW tokens can now be purchased on PancakeSwap (CAKE) as well as its native SeesawSwap platform where the acquisition of SSW tokens takes place with just three simple steps.
Seesaw Protocol will now turn its attention to its cross-chain integration of Ethereum (ETH) and Polygon (MATIC) with Binance Smart Chain (BSC).
Terra (LUNA) is in bad form following record-breaking form
It wasn’t that long ago when Terra (LUNA) was the talk of the town because of its extraordinary surge, to the point where the crypto broke its all-time high (ATH) multiple times in a month.
Hitting its ATH of $119.18 on April 5th was a remarkable achievement for the blockchain payment platform but it’s since been a backslide as LUNA is firmly trenched in the red.
A 23.3% decline in the past seven days means that LUNA now trades at $86.45, at this time of writing.
As the ninth biggest cryptocurrency in the world, amassing a market cap of over $30 billion, according to data from CoinMarketCap, LUNA made the headlines over the weekend as the LUNA Foundation Guard acquired $176.1 million worth of Bitcoin (4,130 BTC).
According to GOV Capital, LUNA will reach $125 by the end of 2022, spelling what would be another bullish run for the cryptocurrency.
Polkadot (DOT) in the red across the board
After hitting its all-time of $54.98 in November 2021, it’s gone downhill for Polkadot (DOT).
Trading at $18.01, at this time of writing, it’s been a 67.3% decline from its ATH for the 13th biggest cryptocurrency in the world, according to data from CoinMarketCap.
According to The Price Prediction, they believe DOT will be worth $25 by the end of the year, suggesting a return even close to its ATH is not on the cards.
To buy SSW: https://swap.seesawprotocol.io/
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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