If you know about crypto, you know about Bitcoin (BTC) and Ethereum (ETH). The two giants sit atop the market cap rankings and have a combined market dominance of around 60%.
Bitcoin is the marker of the industry and is more than twice as big as Ethereum. The second-biggest cryptocurrency is closing the gap on BTC, thanks in no small part to its utility, including helping to facilitate the vast majority of the NFT market.
However, this has had its downsides. The Ethereum Network can sometimes become congested, bogging down the speed of transactions and making the notoriously high gas fees even more expensive.
As a result, many investors are turning away from BTC and ETH and looking for alternatives. Some of the cryptocurrencies that could be promising investments are Solana (SOL), Polygon (MATIC), and Seesaw Protocol (SSW.
Solana (SOL) was launched in 2017 and has often been dubbed an “Ethereum Killer” due to its rapid growth ecosystem. A Solana developer puts it plainly, “Solana is an open network. Anyone can start building on it.”
Its functionality allows it to provide DeFi (decentralized finance) solutions. It can compete with Ethereum and offer faster, cheaper transactions.
The future looks bright for SOL. Solana Pay will allow customers to pay on the Solana Network, using a stable coin like USDC or SOL. Another avenue that SOL is catching ETH on is NFTs.
With lower fees and almost endless potential for development, Solana could become a top-five crypto asset in 2022.
Polygon is also focusing on tackling the issue of Ethereum’s congestion. As a layer two blockchain, it can help the developers of decentralized applications (DApps) get around the high gas fees.
Its native token, MATIC, is used to pay the much lower fees on the Polygon Network. NFTs on the Polygon chain are also becoming more and more popular as time goes on. Transactions have increased by 7000% since the beginning of 2021, peaking at 8.9 million in June.
Seesaw Protocol (SSW)
Seesaw Protocol offers a more delicate alternative to a congested Ethereum (ETH) Network than Solana (SOL) and Polygon (MATIC). It plans on offering cross-chain swaps from the Binance Smart Chain (BSC) to and from both the Ethereum and Polygon Networks.
Holders can use SSW to bridge between blockchains and avoid any of the congested networks or require higher fees at any given moment.
Stage two of the Seesaw Protocol presale has just begun, and if it can repeat the success of stage one, SSW is not one to miss out on. In the first six weeks of the presale, SSW increased by 2000%.
Experts have suggested it could come close to doing that again in the time remaining before launch, meaning it could rise from its current price of $0.113 to around the $0.4-0.45 region.
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