On February 18th, the crypto market experienced a slight drop. The global overall market cap remains below $2 trillion, indicating that price decreases were felt across the board. The market cap has fallen by about a trillion dollars since November, and despite minor resurgences during February, the market remains well below its 2021 highs.
Whenever the crypto market falls, several popular crypto analysts issue panicky warnings of an oncoming bear market. On the other hand, most investors believe that the recent drop is only temporary and that February’s largely positive increases will resume.
Whatever experts say, some investors think the current situation is concerning. Some holders of larger and more established crypto assets, such as Bitcoin (BTC) and Ethereum (ETH), may ask if they would be better off investing in new and upcoming projects, such as the already successful Seesaw Protocol (SSW).
Seesaw Protocol
Bitcoin (BTC)
Bitcoin (BTC) has reigned supreme in the cryptocurrency world since its inception in 2009. Its health is a broad indicator of the market’s strength. Bitcoin grew from strength to strength in 2021, rising 137 per cent from the start of the year to an all- time high of $68,789.63 in November. However, it has dropped about 40% since then, and on February 18th, it came uncomfortably close to the psychologically significant $40k mark.
In terms of technical analysis, BTC is approaching its “death cross.” This is a bearish indicator that occurs when the 50-day Moving Average (MA) falls below the 200-day Moving Average. The preceding three “death crosses” in October 2019, March 2020, and June 2021 all turned out to be false dawns or bear traps. After June 2021, Bitcoin skyrocketed and began a fresh bull run.
Ethereum (ETH)
Ethereum (ETH) had a stellar 2021 as well but has dipped in price during the last month. ETH has had a difficult start to 2022. January has historically been a very strong month for the world’s second-largest cryptocurrency. Since 2016, ETH has climbed by 148%, 35 per%, 48%, 20%t, 39%, and 78% in each January. In stark contrast, it fell by about 17% in January 2022 this year. Since the end of January, ETH has made considerable gains and has consolidated above the $3000 barrier.
The much-anticipated release of Ethereum 2.0 is the main hope for Ethereum in 2022. This could revolutionise their entire network, making ETH “more scalable, more secure, and more sustainable,” according to their developers.
Seesaw Protocol (SSW)
Seesaw Protocol (SSW) is making the most of its presale, surging by over 1000 per cent in its first month. Presales are the earliest chance to invest in a new cryptocurrency. Of course, because it has not yet been published, SSW avoids the drops that have frequently plagued the rest of the cryptosphere.
Seesaw Protocol’s value can only rise for as long as it is in presale. There is a well- established pattern of new coins entering the market in big quantities as investors seek an alternate way to make their money work for them.
Seesaw Protocol is a cross-chain protocol that aims to eliminate the inefficient present system of having to convert cryptocurrencies on third-party exchanges before making payments. It intends to capitalise on the rise of DeFi by implementing simple payment solutions and developing new products that will have a long-term impact on the industry.
SSW
How to Navigate the Most Recent Dip
Going forward, there are numerous options to consider. While some analysts predict a bear market, others advise investors to “buy the dip.” Despite its recent decline, Bitcoin appears to be destined to remain at the top of the crypto rankings and has nearly universally been predicted to reach $100k this year.
The long-awaited release of ETH 2.0 should have a significant impact on Ethereum’s fortunes in 2022, cementing its position as the second-ranked cryptocurrency. When it comes to Seesaw Protocol, it could follow in the footsteps of other enormously successful presale launches. Given its recent spike, several analysts predict that SSW will rise by another 5000 % before the presale ends.
It is not advisable to provide direct financial advice, so I will refrain. If all goes well, a diversified portfolio of standard-bearers such as BTC and ETH, along with an investment in promising new tokens such as Seesaw Protocol, could be the way to go.
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: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
