Cryptocurrency has had a challenging year so far. The prices of major cryptocurrencies have plummeted over the last two months, and the cryptocurrency market as a whole has lost nearly $1 trillion since its November peak.
While falling prices are unsettling, they also present an excellent opportunity to “buy the dip.” Bitcoin (BTC) and Ethereum (ETH) are essentially on sale right now. However, what is often an even better strategy is buying a soon-to-be-released cryptocurrency such as Seesaw Protocol (SSW).
As history has shown with the likes of Shiba Inu (SHIB) and Dogecoin (DOGE), these new cryptocurrencies can provide huge returns on very small investments. The truth is, a good crypto investment strategy should employ a bit of both.
Bitcoin’s price is currently $43,000 per token, down from nearly $70,000 in November. Similarly, Ethereum (ETH) is currently trading at around $3,300 per token, a significant drop from its recent peak of close to $4,900 per token.
If you’ve been considering investing in cryptocurrency, now is one of the best times to do so.
A promising new cryptocurrency is about to enter the DeFi space that may help bridge the gap between competitors.
About Seesaw Protocol (SSW)
Seesaw Protocol (SSW) is a multi-bridge cryptocurrency that enables holders to send and receive tokens across multiple blockchains. SSW will enable transactions between Binance’s Smart Chain (BSC), Polygon (MATIC), and Ethereum (ETH).
Seesaw Protocol (SSW) has just launched its presale, giving investors the perfect time to get in on this exciting prospect from the ground up. As crypto holders have seen time and time again, with the likes of Solana (SOL), Avalanche (AVAX), and Polkadot (DOT), getting into a cryptocurrency very early on can reap huge rewards.
SSW’s total token supply will be capped at 990,000,000 and it will have a buy tax of 3% and a sell tax of 5%, which will be used for the liquidity pool and token redistribution. Phase 1 of SSW’s presale began on January 18, with only 178,200,000 available.
In general, stockpiling during market downturns can be prudent. While stocks are typically more affordable during bear markets, there is a good chance that prices will rebound once the market recovers.
Cryptocurrency, on the other hand, is a little different, as it remains highly speculative.
Stocks have a long history of long-term growth. As long as you conduct sufficient research and select the appropriate investments, your stocks are likely to recover from downturns and earn positive average returns over time.
However, there is no guarantee that crypto will succeed in the long run. While major cryptocurrencies are gaining utility, the majority of their growth is still driven by their potential real-world applications. In other words, while there is a possibility that cryptocurrency will explode and fundamentally alter society as we know it, there is also a possibility that it will fail.
Consider your risk tolerance when determining whether crypto is right for you. Bitcoin’s price has fallen nearly 40% since mid-November, and it has previously lost more than 80% of its value. If you are aware that the level of volatility will keep you awake at night, crypto may not be the best investment for you.
Additionally, it is critical to consider your overall financial situation before investing. As with any investment, it’s prudent to maintain a long-term perspective. Be prepared to hold your money for several years, if not decades. Additionally, avoid investing money that you cannot afford to lose and ensure that the remainder of your portfolio is well-diversified.
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