Price of Seesaw Protocol is rising while PancakeSwap and Stellar are decreasing
The cryptocurrency industry gained many new investors over the last two years as the digital asset space exploded in popularity.
The revolution has become global, from the UK to Brazil, to India, more people are looking at the cryptocurrency industry as a way to not only make money but set themselves up for life.
The likes of PancakeSwap (CAKE) and Stellar (XLM) have become established cryptocurrencies and are among the biggest decentralised exchange tokens within the industry.
Whereas Seesaw Protocol’s (SSW) debut as an official cryptocurrency came this past Friday and the project continues to defy expectations.
Seesaw Protocol (SSW) is the real deal
For those who had scepticism about Seesaw Protocol (SSW) and just how successful the project would be initially, Seesaw has certainly proved them wrong.
A starting presale price of $0.05 to its current price of $0.40 demonstrates the sheer growth that Seesaw has attained since the launch of its presale.
Those in the crypto space were high on Seesaw due to its aims of becoming a multi-bridge platform that would allow users to exchange tokens across the blockchains of Binance Smart Chain (BSC), Polygon (MATIC), and Ethereum (ETH).
Users will be able to choose the blockchain that is the cheapest and quickest for their transaction, and in turn, revolutionise the space for potential investors.
Having already ticked off the first four targets on its 2022 roadmap, Seesaw Protocol will next aim to deploy its cross-chain capabilities for Ethereum and Polygon and launch on Uniswap by the third quarter of 2022.
On top of all the successes that Seesaw Protocol has so far achieved, the lock of $1 million in liquidity will only further deepen the trust between the investors and the developers, as the latter will not be able to sell their stake.
PancakeSwap (CAKE) suffers setback after recording growth
Recording an impressive growth of 32.2% in the past month put PancakeSwap (CAKE) on a good path heading into the second quarter of the year, but the most recent sell-off of cryptocurrencies has left CAKE on a plunge.
A 19.1% dip in the past seven days has dropped CAKE’s price to $7.84, at this time of writing.
PancakeSwap was a major beneficiary during the altcoin boom of 2021 as it reached its current all-time high of $43.96 in April last year.
Since then, there’s been a major dump of CAKE with its value dropping 82.1% to its current price.
According to Crowd Wisdom, CAKE will increase to $11.04 by the end of 2022.
Stellar (XLM) suffers four-year all-time high drought
It doesn’t seem to be a very prosperous time for decentralised exchange tokens with the current decline of CAKE and Stellar (XLM) going over four years without breaking its all-time high record.
It’s been a 66.3% drop in value in the past year and the struggle has continued for Stellar, a decentralised payment technology, which has experienced a further 20% dip in the past seven days.
Its current price of $0.190084 is a 78.3% drop from its ATH of $0.875563 that was reached in January 2018.
According to TradingBeasts, XLM will go on a bullish run this year and will end in 2022 with a value of $0.67.
To buy SSW: https://swap.seesawprotocol.io/
Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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