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At the beginning of February 2022, the cryptocurrency market finally began to build on the huge successes of 2021. The market leaders Bitcoin (BTC) and Ethereum (ETH) increased by 15% and 21% respectively from the 1st to the 7th of February. These gains were seen almost unanimously across the board, with every cryptocurrency in the top 50 (by size of market cap) seeing a rise in price over the last 7 days.
The biggest winners in 2021 were meme coins, most notably Dogecoin (DOGE). DOGE helped cryptocurrency breakthrough into the mainstream consciousness and open millions of potential investors’ eyes to the face that crypto is more than Bitcoin. Unprecedented gains were seen and massive rewards were yielded.
Despite being criticised for not having any real-world applications, DOGE remains a mainstay. A new cryptocurrency project launching in 2022 that will look to have the popularity of these meme coins whilst simultaneously providing a utility to its holders is Seesaw Protocol (SSW). The SSW presale is still in its 1st stage but the price has already increased by over 400%.
Dogecoin (DOGE) Remains King of the Meme Coins
Dogecoin (DOGE) is indisputably the king of the meme coins. Based on the infamous meme, DOGE was launched in 2013 as a lighthearted competitor to Bitcoin (BTC) but shot to fame in 2021. It increased in price by more than 15,000% from the beginning of the year to its all-time high of $0.74 in May. Tesla founder and CEO Elon Musk has long had an affinity with Dogecoin (DOGE) and his mentions of DOGE often correspond with a sharp rise in its valuation.
This time, however, there are other reasons for DOGE’s rise. Broader market forces have a tendency to dictate the success (and failures) of meme coins and this latest rally is no exception. A larger cause for a sharp price increase could also be the release of some DOGE related NFTs. Dogecoin co-founder Billy Marcus has launched the “Dreaming Doge” NFTs. They have proved a success in their early release and at the time of writing, they have a floor price of 0.74 Ethereum (ETH), which is the equivalent of $2272.
Since the beginning of February, DOGE has gone up by 18% on its lowest weekly price, and 30% on its 2022 low point and is currently valued at $0.1565.
Seesaw Protocol (SSW) Up Over 400% in Early Presale Period
Seesaw Protocol (SSW) is a cryptocurrency due to launch in April 2022. Upon launch, it will provide a multi-chain bridge between the Binance Smart Chain, Polygon, and Ethereum Network. This unique utility allows users to carry out cross-chain swaps in order to find the best speeds and lowest fees. There is also a fee attached to each purchase and sale of SSW. These fees are both distributed back to existing holders and attached to BNB and added as a liquidity pairing on PancakeSwap.
Seesaw Protocol (SSW) began its presale at the end of January 2022 with a price of $0.005. As of the 7th of February 2022, SSW is worth $0.02512. This is an astonishing increase of 400%. The price is only going to increase further in the remaining 8 weeks of the presale and for this reason, as well as the others already mentioned, SSW could make for a very good investment.
- 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
