In the realm of cryptocurrencies, one question on everyone’s lips is: which coins are primed to explode? Crypto emerged into the mainstream in 2021, with tremendous growth across the board. Adoption rates have never been higher, rising by about 880 percent between July 2020 and June 2021, with over 300 million crypto users worldwide.
In 2021, almost all of the major cryptocurrencies recorded significant growth, including Bitcoin (BTC) and Ethereum (ETH). When it comes to 2022, competitors have virtually unheard-of opportunities to bridge the gap. According to experts, the market will increase in three primary areas:
- The Metaverse
- NFTs (Non-Fungible Tokens)
- DeFi (Decentralised Finance)
In October 2021, DeFi protocols hit an all-time high TVL (total value locked) of $236 billion, and PricewaterhouseCoopers economists predict that blockchain technology will improve global GDP by $1.76 trillion by 2030. DeFi protocols Polygon (MATIC) and Fantom (FTM) have proven to be extremely popular. Seesaw Protocol (SSW) is a DeFi token that will launch in Q1 2022 and aims to excel in this growing sector. Its 1000% explosion in price in little more than 3 weeks is a surefire sign that SSW is one to keep an eye on for 2022.
Polygon is a layer-2 solution that allows Ethereum-compatible blockchain networks to be connected. The main problem with Ethereum in its current state is scalability; gas prices are famously high, and can sometimes exceed the value of the transaction. Users may avoid the hefty fees and often poor speeds by using Polygon and its native coin MATIC, while still using decentralised apps on the Ethereum network.
MATIC increased by more than 16000 per cent from the beginning of January to the end of December in 2021. Polygon aims to become one of the top 10 cryptocurrencies by 2022 (it is now ranked 15th), and will do so by embracing newer markets including the purchase and sale of NFTs. NFT transactions using MATIC are already frequently cheaper and easier than those made with ETH, according to crypto expert Lark Davis, who believes that “a $10 MATIC is inevitable.”
Fantom is a smart contract platform that offers developers DeFi services. Fantom is focused on transaction speed, claiming to have decreased transaction times with FTM to under two seconds. FTM is the currency of the Fantom platform, and it allows users to stake FTM in exchange for benefits. Fantom has around 1.4 million unique addresses at the present.
The year 2021 was a huge success for FTM. It started the year at $0.01692 and surged to a new all-time high of $3.48 in October, representing a 20000 percent growth in just ten months. Because it processes transactions significantly faster than Ethereum, the main DeFi ecosystem, 2022 could be a big year for Fantom. It is still outside the top 25 cryptocurrencies in terms of market capitalization, but it has the utility and appeal to crack the top 20 before the end of the year.
Seesaw Protocol (SSW)
Seesaw Protocol joins the growing number of DeFi protocols making waves with its introduction in the first quarter of 2022. Its developers want it to be multi-chain, starting with the Binance Smart Chain and expanding to the Polygon and Ethereum networks.
Seesaw Protocol’s native toke SSW allows users to execute transactions across these cabins. Given the present high fees associated with various trades on the Ethereum network, particularly NFTs, this could be useful. The millions of people interested in NFTs would like to find a faster and more cost-effective network on which to conduct business.
SSW also has a 3% buy fee and a 5% sell fee to encourage stability and reward individuals that have a longer-term strategy. The purchasing fee is split among existing holders, while the selling fee is coupled with BNB and added to Pancakeswap as a liquidity pair. Investing in a project early can provide the greatest possible results, as Solana and Shiba Inu have demonstrated. One of these possibilities is the Seesaw Protocol, and some crypto experts have claimed that SSW could increase by another 5000-6000% before its presale period concludes in April.
Enter Presale: https://presale.seesawprotocol.io/register