This month, the cryptocurrency market is experiencing a bounce as positive sentiment returns to global markets. Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) have all seen increases of 25% or more since the beginning of February.
Binance Coin (BNB) is a utility token used to pay for transactions on the Binance Smart Chain, a decentralized ecosystem with many active projects. Seesaw Protocol (SSW) is one of those projects, but it’s also a multi-bridge, connecting Binance’s Smart Chain (BNB) to Ethereum (ETH) and Polygon (MATIC), three of the largest blockchains in the world. This article discusses how Binance Coin and Seesaw Protocol could produce huge returns with incredible value and exponential growth potential.
Binance Coin (BNB)
Binance Coin (BNB) had an incredible year in 2021, climbing from ninth to third in market capitalization by the year’s end. In total, BNB increased by more than 1,250% in 2021. This is largely due to Binance’s global rollout of its trading platform. Unlike other blockchains, Binance’s online trading platform enables users to trade various cryptocurrencies, and the company is actively pursuing compliance with global financial regulations to increase mainstream adoption.
In other words, Binance functions similarly to a stock exchange, such as the NSE or LSE. If Binance succeeds, it may become the world’s largest cryptocurrency trading platform, generating revenue solely through transactions, which will require BNB.
BNB has lost more than 30% of its value since its peak. Still, all major cryptocurrencies have also lost value, largely due to the Federal Reserve implementing several policies to mitigate the economic impact of COVID. These measures included various types of economic stimulus and interest rate reductions.
However, investors seem to be finding value at current levels, as shown by the recent bounce in almost all major cryptos. JP Morgan published a report stating that they believe Bitcoin will surpass $100,000 in the next five years. Without a doubt, cryptocurrencies will be the primary medium of exchange in the future, as they provide a significantly more open and reliable method over traditional financial systems. However, how cryptos are adopted remains to be seen.
If Binance Coin (BNB) reverted to its all-time high, its value would increase by more than 90%; however, if analysts’ estimates are correct, it could surge by more than 900% over the next five years. BNB should be included in any cryptocurrency portfolio due to their massive exchange platform, which is constantly being expanded globally, and their leadership in integrating cryptocurrencies into traditional financial markets.
Seesaw Protocol (SSW)
Seesaw Protocol is unique for one reason. The concept of interoperability underpins this cryptocurrency. Transactions usually take place on a single blockchain such as Ethereum (ETH) or Bitcoin (BTC) – and data or tokens cannot be transferred between different blockchains. However, Seesaw Protocol will be bridge Binance Smart Chain, Polygon, and Ethereum – enabling holders to move tokens between three of the most prominent blockchains.
Bridges connect parachains and related components known as parathreads to other blockchains. At the moment, Solana’s “wormhole bridge” only connects its blockchain to Ethereum. Seesaw Protocol will create a multi-bridge DeFi and NFT marketplace using multiple solutions at the best possible rates.
Avalanche (AVAX), Polkadot (DOT), and Dogecoin (DOGE) were all huge success stories in 2021, but the holders who made the most money were the early adopters. As history has repeatedly demonstrated in the crypto markets, getting in early can be of significant value.
Seesaw Protocol recently launched its presale, offering investors an excellent opportunity to purchase before the possibility of explosive growth.
According to Seesaw Protocol’s website, the SSW price has increased from $0.005 to over $0.030, meaning that holders have already profited by over 400%. Because holders cannot sell during the presale, the price can only continue to rise until launch.
Another intriguing aspect of the Seesaw Protocol is the way the smart contract redistributes fees to holders, thereby providing long-term holders with the opportunity to increase their gains. SSW charges a standard fee for each transaction – 3% for purchases and 5% for sales. The fees are redistributed among existing SSW holders, so the longer you hold, the more tokens you’ll receive. Cryptocurrencies experience wild fluctuations, and the fee structure is designed to encourage long-term holding while also ensuring liquidity (as a percentage is distributed to the liquidity pool).
As the crypto market continues its bounce this month and positive sentiment returns, Seesaw Protocol may be the most suitable opportunity for exponential growth in 2022.